Annual Long-Term Care Survey Finds Steep Rise in Assisted Living Facility Costs Amid Pandemic
All Long-term care costs rose sharply in 2020, but assisted living facility costs increased the most, according to Genworth’s latest annual Cost of Care Survey. The across-the-board rises were due in part to increased costs brought on by the coronavirus pandemic.
Posted on January 8, 2021

In the past year, assisted living facility rates grew 6.15 percent for a median cost of $51,600 per year or $4,300 per month. Genworth also reports that the median annual cost of home health aides rose 4.35 percent to $54,912, while the median cost of a private nursing home room rose 3.57 percent to $105,850 and the median cost of a semi-private room in a nursing home is now $93,075, up 3.24 percent from 2019. The national median annual rate for the services of a homemaker also climbed 4.44 percent to $53,768.
FREE WEBINAR
5 Things to Know About
Estate Planning
When You Turn Sixty-Five
In response to this year’s price increases, Genworth conducted a follow-up study to understand how COVID-19 is impacting the cost of care. Genworth found that labor shortages, personal protective equipment costs, regulatory changes, employee recruitment and retention, wage pressure, and supply and demand were contributing to rate rises.
The only care setting where costs did not increase was adult day care, which provides support services in a protective setting during part of the day. Costs for adult day care actually fell from $75 to $74 a day, a 1.33 percent decrease, perhaps because many adult day care sites have been forced to close due to the pandemic.
Alaska continues to be the costliest state for nursing home care by far, with the median annual cost of a private nursing home room totaling $436,540. Missouri was the most affordable state, with a median annual cost of a private room of $68,985.
The 2020 survey, conducted by CareScout for the seventeenth straight year, was based on responses from 14,326 nursing homes, assisted living facilities, adult day health facilities and home care providers. Survey respondents were contacted by phone during July and August 2020.
As the survey indicates, long-term care is growing ever more expensive. Contact your elder law attorney to learn how you can protect some or all of your family's assets from being swallowed up by these rising costs.
For more on Genworth’s 2020 Cost of Care Survey, including costs for your state, click here.
More from our blog…
Mostbet Aviator: Software, Rules & Trick
Mostbet Aviator: Software, Rules & TricksMostbet Aviator: Demo, Tricks, Algorithm, Signal, Overview 2023ContentAviator Game Mostbet And Demo & SignalMidfielder Reveals Not Enough Communication Led To [...]
Mostbet Review India 2023: Scam Or Real? Find Out
Mostbet Review India 2023: Scam Or Real? Find Out!Batery Aviator Game: Tricks, Demo, Strategies 2023ContentMostbet Aviator App Promo CodeYou Are Ready To Start Betting!Best Apps [...]
Mostbet India: Official Site For Online Betting, Bonus 25,00
Mostbet India: Official Site For Online Betting, Bonus 25,000Mostbet Bookmaker Review Bonuses, Apps, RegistrationContentSports Betting At MostbetMostbet License And RegulationIpl BettingTypes Of BetsMy Complaint Is [...]
Mostbet Registration: Register An Account, Verify Plus Logi
Mostbet Registration: Register An Account, Verify Plus LoginMostbet Apps India Review Bonuses Register GamesContentHow To Make Use Of Bet SlipFriday BonusSports CategoriesWhat Are The Minimal [...]
Recent blog posts
FREE WEBINAR
5 Things to Know About
Estate Planning
When You Turn Sixty-Five