{"id":407,"date":"2019-10-23T20:37:21","date_gmt":"2019-10-23T20:37:21","guid":{"rendered":"https:\/\/carebuilderspgh.com\/?p=407"},"modified":"2019-10-23T20:37:21","modified_gmt":"2019-10-23T20:37:21","slug":"assisted-living-costs-stabilize","status":"publish","type":"post","link":"https:\/\/www.carebuildersathome.com\/pittsburgh\/blog\/assisted-living-costs-stabilize\/","title":{"rendered":"Assisted Living Costs Stabilize"},"content":{"rendered":"<p>Charges for assisted living and skilled nursing have stabilized over the past year, whereas charges for home care rose the most quickly among categories measured by Genworths<a href=\"https:\/\/www.genworth.com\/aging-and-you\/finances\/cost-of-care.html\" target=\"_blank\" rel=\"noreferrer noopener\">2019 Cost of Care Survey<\/a>, the results of which were announced Wednesday. Genworth described home care charges as skyrocketing.<\/p>\n<p>Industry observers we consulted attributed the stabilization of assisted living costs to an oversupply of assisted living facility capacity following several years of growth, Julie Westermann of Genworth told<em>McKnights Senior Living.<\/em>Genworth attributed the rise in home care charges to a tight labor market, regulatory compliance costs and changes in post-acute Medicare reimbursement.<\/p>\n<p>Annual median charges for assisted living communities nationwide were $48,612 ($133 per day or $4,051 per month) in 2019, a 1.28% change over last year, according to the report. By comparison, over the past 12 months, charges for homemaker services increased 7.14%, charges for home health aides increased 4.55%, charges for adult day services increased 4.17%, and charges for nursing home care increased 0.96% for a semi-private room and 1.82% for a private room, Genworth said.<\/p>\n<p>The average annual increase in charges for assisted living since Genworth began tracking them in 2004, through the 2019 study, is $1,321, or 3.64%. Assisted living charges have seen a 2.97% growth rate over five years and a 68.79% change since Genworth began tracking them in 2004.<\/p>\n<p>The five states (and the nations capital) with the highest median monthly cost of care in assisted living in 2019, according to the survey:<\/p>\n<ul>\n<li>Washington, D.C.: $11,288<\/li>\n<li>New Hampshire: $7,021<\/li>\n<li>New Jersey: $6,400<\/li>\n<li>Delaware: $6,035<\/li>\n<li>Alaska: $6,000<\/li>\n<\/ul>\n<p>The five states with the lowest median monthly cost of care in assisted living in 2019, according to the survey:<\/p>\n<ul>\n<li>Missouri: $2,881<\/li>\n<li>Arkansas: $3,175<\/li>\n<li>Alabama: $3,250<\/li>\n<li>Georgia: $3,335<\/li>\n<li>Nevada and Utah (tied): $3,400<\/li>\n<\/ul>\n<p>The 2019 results came from 15,178 surveys completed by assisted living communities, nursing homes, adult day health facilities and home care providers contacted by CareScout, a Genworth Financial company.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Charges for assisted living and skilled nursing have stabilized over [&#8230;]<\/p>\n","protected":false},"author":163,"featured_media":306,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[203],"tags":[],"class_list":["post-407","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - 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