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ElderLaw News

ElderLaw News is a weekly e-newsletter that brings you reports of legal developments and other trends of vital interest to seniors and their advocates. This newsletter is brought to you by The Estate Planning & Elder Law Firm, P.C., William S. Fralin, Esq., President.

Genworth 2012 Cost of Care Survey

Genworth has surveyed long-term care service providers for the past nine years.

The 2012 survey included 437 regions that cover all Metropolitan Statistical Areas defined for the 2010 U.S. census. CareScout, a Genworth company, contacted more than 46,000 providers for 15,300 surveys of assisted living facilities, nursing homes, home care providers and adult day care providers. CareScout provides both national rates, state rates, and regional rates by type of care provider. Genworth has identified emerging trends across long-term care services. The cost of care among facility-based providers has steadily increased, while the rates charged by home care providers for "non-skilled" services has remained relatively flat over the past five years. The following information is a compilation of Genworth's data sorted by type of provider.

Licensed homemaker services provide "hands-off" care with tasks such as running errands and cooking. The personnel working for such services are often called "personal care assistants" or "companions," and their assistance allows people to live in their own homes or return to their homes. The national median hourly rate charged by a non-Medicare certified, licensed agency is $18 per hour. This is the same rate as in 2011, but it reflects a 1.15% five-year annual growth rate; (The compound annual growth rate is based on Genworth Cost of Care Survey data from 2007 to 2012). The median hourly rate for Virginia is also $18 per hour.

Licensed home health aide services provide "hands-on" personal care (but not medical care) for activities such as bathing, dressing, and transferring. Their assistance allows people who are elderly or have disabilities to live in their own homes rather than a residential care facility or nursing home. The national median hourly rate charged by a non-Medicare certified, licensed agency is $19 per hour. This is the same rate as in 2011, but reflects a 1.09% five-year annual growth rate. The median hourly rate for Virginia is $18 per hour.

Adult day care provides social and other related support services in a community-based, protective setting during any part of a day, but less than 24-hour care. These centers provide a much-needed break to caregivers, and they offer a variety of services. The national median daily rate is $61 per day; this is a 1.67% increase over 2011. The median daily rate for Virginia is $55 per day.

Assisted living facilities provide "hands-on" personal care as well as medical care for those who are not able to live by themselves but do not require constant care provided by a nursing home. The national median rate is $3,300 per month for a one bedroom unit with single occupancy. This is a 1.19% increase over 2011 and reflects a 5.71% five-year annual growth rate. The median monthly rate for Virginia is $3,481.

Nursing homes provide skilled nursing care 24 hours a day. Services include personal care assistance, room and board, supervision, medication, therapies and rehabilitation. The national median rate for a semi-private room is $200 per day. This is a 3.63% increase over 2011 and reflects a 4.5% five-year annual growth rate. The median rate in Virginia is $198 per day. The national median rate for a private room is $222 per day. This is a 4.23% increase over 2011 and reflects a 4.28% five-year annual growth rate. The median rate for a private room in Virginia is $225 per day.

The Genworth Cost of Care Survey can provide families and providers with valuable information for planning and financing purposes.

The attorneys at The Estate Planning & Elder Law Firm can assist clients and their families with their estate, financial, insurance, life care, veterans' benefits and special needs planning issues.

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The Estate Planning & Elder Law Firm, P.C.

The Estate Planning & Elder Law Firm, P.C. is an elder law firm. We represent older persons, disabled persons, their families, and their advocates. The practice of elder law includes estate planning, estate and trust administration, powers of attorney, advance medical directives, titling of assets and designations of beneficiaries, guardianships, conservatorships, and public entitlements such as Medicaid, Medicare, Social Security, and SSI, disability planning, income tax planning and preparation, care management, and fiduciary services. For more information about The Estate Planning & Elder Law Firm, P.C., please visit our website at http://www.chroniccareadvocacy.com.

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This newsletter is not intended as a substitute for legal counsel. While every precaution has been taken to make this newsletter accurate, we assume no responsibility for errors, omissions, or damages resulting from the use of the information in this newsletter. The Estate Planning & Elder Law Firm, P.C. thanks the law firm of Hook Law Center for their input to this newsletter.

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