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The cost of long-term care services in Virginia increased year-over-year, with increases associated with some services surpassing national trends. Nationally, labor market shifts drove increased wages and COVID-19 intensified providers’ existing challenges to meet the increasing demand for long-term care services, according to Genworth’s 2021 Cost of Care Survey.
National 2021 data shows a continuation of the upward trajectory in long-term care costs, though this year presented unique challenges as patients and providers adjusted to broader economic shifts and the effects of COVID-19. This year’s Cost of Care Survey shows national annual median costs increased across all provider types and increased more substantially for certain settings – assisted living facilities (4.65%), home health aids (12.5%), homemaker services (10.64%), and skilled skilled workers nursing facilities (1.96% for a semi-private room and 2.41% for a private room).
While labor costs are likely to remain a significant driver of future cost increases, providers indicated that elevated costs associated with PPE and other COVID-19 protocols such as testing, vaccination status tracking, and quarantining are likely to subside as we make continued progress on reducing COVID-19 case numbers.
The chart below shows how the cost of care in Virginia compares with national trends and the previous year. To see how costs have risen over a 5- or 10-year period, see the trend charts on www.genworth.com/costofcare.
Annual Median Cost of Long-Term Care Support Services for Virginia
|
|
Virginia |
National |
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|
Care Category |
2021 Annual Cost |
Change Since 20206 |
State Rank (High/Low)7 |
2021 Annual Cost |
Change Since 20206 |
|
Homemaker Services |
$57,2002 |
14% |
39th |
$59,4882 |
10.64% |
|
Home Health Aide |
$59,4422 |
13% |
34th |
$61,7762 |
12.5% |
|
Adult Day Health Care |
$20,2803 |
5% |
34th |
$20,2803 |
5.41% |
|
Assisted Living… |
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Full story available on Benzinga.com
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