Genworth’s 7th Annual Survey Allows Maine Residents to Compare Long Term Care Costs Statewide
RICHMOND, Va. — According to Genworth’s 2010 Cost of Care Survey, home care costs, as well as costs of most other long term care services, are higher in Maine than they are nationally. The median annual rate for home care costs in Maine is $52,624 statewide, 21 percent greater than the median annual rate of $43,472 nationally. Maine is the 6th most expensive state for home care services.
This is important to note given that a majority of Americans prefer to receive care in the home. According to another Genworth survey conducted earlier this year, when asked to identify the setting most preferred to receive long term care, 78 percent chose the home; 18 percent chose assisted living, and only 2 percent selected a nursing home.
In Maine, the survey includes information on long term care costs in four regions.
Maine Cost of Care Survey Findings
Home Health Aide Services (Licensed)
Statewide, costs are rising at a rate of 3 percent annually over the past five years, greater than the national rate of 2 percent during the same period.
|
Select Regions |
Median Hourly Rate |
|
|
Maine-Statewide |
$23 |
|
|
Bangor |
$19 |
|
|
Lewiston-Auburn |
$24 |
|
|
Portland-South Portland-Biddeford |
$24 |
|
|
US National |
$19 |
|
Assisted Living (One Bedroom/Single Occupancy)
Statewide, annual costs have increased less than national costs over the past five years (5 percent in Maine compared to 7 percent across the U.S.)
Nursing Home (Private Room)
Statewide, nursing home costs are significantly greater than national levels. The annual increase in cost for this type of care is 5 percent nationally over the past five years, the same rate as in Maine during this period.
|
Select Regions |
Median Annual Rate(5) |
|
|
Maine-Statewide |
$101,302 |
|
|
Bangor |
$98,473 |
|
|
Lewiston-Auburn |
$89,243 |
|
|
Portland-South Portland-Biddeford |
$113,515 |
|
|
US National |
$75,190 |
|
Adult Day Health Care
Costs for this type of care are significantly higher statewide than nationally.
|
Select Regions |
Median Annual Rate(6) |
|
|
Maine-Statewide |
$24,960 |
|
|
Bangor |
$19,760 |
|
|
Lewiston-Auburn |
N/A |
|
|
Portland-South Portland-Biddeford |
$27,040 |
|
|
US National |
$15,600 |
|
About Genworth’s 2010 Cost of Care Survey
Genworth’s Cost of Care survey is the most comprehensive of its kind, covering nearly 13,000 long term care providers in 436 regions nationwide. It surveys the cost of long term care across the U.S. to help Americans plan for the potential costs associated with the various types of care available in their preferred location and setting and was conducted during January, February and March 2010. Full results of Genworth’s 2010 Cost of Care Survey, including an interactive map of the cost of care in all 50 states and 436 regions, and other useful tools and information is available online at Genworth.com/CostofCare.