This information is intended to be education and is not tailored to the investment needs of any specific investor.
Important information: What could long term care cost?
Data provided from the Genworth 2016 Cost of Care Survey, conducted by CareScout®, April 2016. CareScout has conducted the Genworth Cost of Care Survey annually since 2004.
Located in Waltham, Massachusetts, CareScout has specialized in helping families find long term care providers nationwide since 1997.
This year, CareScout—a Genworth company—contacted more than 43,000 providers* to complete over 15,000 surveys of nursing homes, assisted living facilities, adult day health facilities and home care providers. Potential respondents were selected randomly from the CareScout nationwide database of providers in each category of long term care services. Survey respondents representing all 50 states, the District of Columbia and Puerto Rico were contacted by phone during January and February of 2016. Survey respondents were informed that survey data provided would be included in the Genworth 2016 Cost of Care Survey results. Survey questions varied based on the type of care provider.
The Genworth Cost of Care Survey publishes costs in 440 regions based on the 381 U.S. Metropolitan Statistical Areas (MSAs). MSA definitions are established by the U.S. Office of Management and Budget and include approximately 85 percent of the U.S. population. The survey also includes some counties outside of the MSA regions. To create accurate historical trends for this expanded scope, CareScout recast the base data from the 2011 survey into the current region structure. As a result, CareScout is able to report a five-year compound annual growth rate for each region.
Fidelity is not affiliated with CareScout or with Genworth. Fidelity does not provide long-term care insurance.
Fidelity Representatives are licensed insurance agents.
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