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 2020 Cost of Care Survey, conducted by CareScout®, August 2020. 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 57,981 providers to complete 14,326 surveys of nursing homes, assisted living facilities, adult day health facilities and home care providers. Various provider categories used in the survey may not be the same as the definitions used in a long term care insurance policy. 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 July and August 2020. Survey respondents were informed that survey data provided would be included in the Genworth 2019 Cost of Care Survey results. Survey questions varied based on the type of care provider.
The Genworth Cost of Care Survey publishes costs in 435 regions based on the 384 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.
Fidelity is not affiliated with CareScout or with Genworth. Fidelity does not provide long-term care insurance.
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