{"id":9525,"date":"2016-05-27T08:45:42","date_gmt":"2016-05-27T13:45:42","guid":{"rendered":"https:\/\/www.senioradvisor.com\/blog\/?p=9525"},"modified":"2020-10-02T14:20:12","modified_gmt":"2020-10-02T19:20:12","slug":"genworth-cost-of-care-study-comparing-the-costs-of-elder-care","status":"publish","type":"post","link":"https:\/\/d30braiqprupoq.cloudfront.net\/blog\/2016\/05\/genworth-cost-of-care-study-comparing-the-costs-of-elder-care\/","title":{"rendered":"Genworth Cost of Care Study: Comparing the Costs of Elder Care"},"content":{"rendered":"

Genworth Cost of Care Study: Comparing the \"GenworthCosts of Elder Care<\/h1>\n

Every year many families face the challenge of deciding what type of care to provide their senior loved ones and how to pay for it. And every year, the costs of elder care seem to grow, making the decision that much harder.<\/p>\n

Knowing what you can expect senior care to cost doesn\u2019t solve the problem of figuring out how to pay for it<\/a><\/strong>, but it can help your family better prepare and budget for future needs. If someone you love will likely require a stay in assisted living or a nursing home in the future, you\u2019re better off starting to think now about how your family will cover the costs.<\/p>\n

Each year, Genworth releases their Cost of Long-Term Care<\/a><\/strong> study that provides the averages for both the nation and each state. These numbers can\u2019t tell you everything you need to plan for the future, but they can give you an idea of where the industry stands now.<\/p>\n

2016 National Averages for Senior Care Costs<\/h2>\n

The national averages for each of the three main types of senior care available are:<\/p>\n