Research shows that about 70 percent of people age 65 or older will need long term care services at some point in their lifetime1. And while most people think of long term care as impacting only those in senior years, 40 percent of people currently receiving long term care services are ages 18 to 64.2
The Genworth 2012 Cost of Care Survey can help families evaluate options to address the increasing cost of long term care. For the ninth consecutive year, Genworth has surveyed the cost of long term care across the U.S. to help Americans appropriately plan for the potential cost of this type of care in their preferred location and setting. The most comprehensive study of its kind, Genworth’s 2012 Cost of Care Survey, conducted by CareScout®, covers nearly 15,300 long term care providers in 437 regions nationwide.
Learn more about how this survey of nearly 15,300 care providers was conducted.
Understand that a long term care situation reaches far beyond the significant financial costs, impacting caregivers’ jobs and careers, future financial security, and family relationships.
1 National Clearinghouse for Long Term Care Information, U.S. Department of Health and Human Services: Planning for LTC. Date accessed, January 18, 2012. 2 U.S. Department of Health and Human Services National Clearinghouse for Long Term Care Information, 10/22/08.