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Video: Genworth Financial Reveals Best Places in America for Long Term Care
Date:4/30/2009

9. Wyoming 5. North Dakota 10. Louisiana

Among the 50 cities in America with the greatest number of affordable nursing home care options, following are select cities with populations greater than 250,000:

Select Cities with Most Affordable and Most Number of Nursing Home Care Options (Rank, out of 50):

    Kansas City, Mo. (2)
    Baton Rouge, La. (8)
    Little Rock, Ark. (18)
    Wichita, Kan. (20)
    St. Louis, Mo. (25)
    Oklahoma City, Okla. (28)
    Louisville, Ky. (41)

Choice & Affordability information for select regions nationwide is available online at: Genworth.com/CostofCare.

Cost of Care Survey Key Findings

While nursing home and assisted living costs have risen sharply over the past five years, home care costs have remained relatively flat. Genworth data shows that 74 percent of initial claims are for long term care services received in the home. The hourly private pay rate for a non-Medicare certified, state licensed home health aide is $18.50. Since 2005, the cost for this type of care has increased at an annual rate of 2 percent.

The cost of care in a nursing home or assisted living facility continues to rise at a rate nearly twice that of the median annual inflation rate of 2.3 percent over the same period of time, measured using the Core CPI (which excludes food and fuel) reported by the U.S. Bureau of Labor Statistics. The annual cost for a pr
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SOURCE Genworth Financial
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