Genworth Financial, Inc. reports developments across an insurance holding company built around Enact, its publicly traded mortgage insurance subsidiary, and a Closed Block of long-term care insurance, life insurance and annuity products. Recurring updates cover quarterly results, investment gains and losses, reserve impacts, capital returns from Enact, share repurchases and the management of legacy insurance obligations.
Company news also follows CareScout, Genworth’s wholly owned platform for aging and long-term care navigation. CareScout updates include its Quality Network of home care providers, personalized Care Plans, long-term care insurance offerings and the completed Seniorly acquisition, which added senior living community resources and advisor-network capabilities.
Genworth and CareScout have released their 2024 Cost of Care Survey for Virginia, revealing that long-term care service costs in the state remain comparable to national averages, with mixed year-over-year changes across different care settings.
The national data indicates a continued upward trend in long-term care costs, with increases exceeding inflation rates. The primary factors driving these cost increases are identified as inflation and labor costs.
The survey results are now accessible at CareScout.com/cost-of-care, featuring interactive tools for calculating median care costs, state-by-state comparisons, and resources for long-term care planning. The platform also introduces the CareScout Quality Network, a curated selection of long-term care providers meeting high-quality standards for person-centered care.
Genworth and CareScout's 2024 Cost of Care Survey reveals that long-term care service costs in Maine have increased year-over-year, surpassing national averages. The survey indicates a continued upward trend in long-term care costs across various care types nationally, with most increases outpacing inflation rates.
The primary factors driving these cost increases are inflation and labor costs. The survey results and additional resources are now available on CareScout.com/cost-of-care, featuring interactive tools to calculate median costs, state-by-state comparisons, and access to CareScout's Quality Network of long-term care providers.
Genworth and CareScout's 2024 Cost of Care Survey reveals that long-term care costs in Oregon have increased year-over-year, surpassing national averages. The survey indicates a continued upward trend in long-term care expenses across various care types nationwide, with most increases outpacing inflation rates.
The primary factors driving these cost increases are inflation and labor costs. The survey data and resources are now accessible at www.CareScout.com/cost-of-care, featuring interactive tools to calculate median long-term care costs by area, state-level data comparisons, and access to CareScout's Quality Network of care providers.
Genworth and CareScout's 2024 Cost of Care Survey reveals that long-term care costs in New York have increased year-over-year, maintaining pace with national trends. The survey indicates that costs across various care types continue to outpace inflation rates, primarily driven by rising inflation and labor costs.
The survey data and tools are now accessible at www.CareScout.com/cost-of-care, featuring interactive resources including:
- Cost of Care Survey tool for calculating median costs
- National and state median data comparisons
- CareScout Quality Network of vetted care providers
- Aging care planning guides
- Information on long-term care funding options
- Resources on person-centered care
Genworth and CareScout's 2024 Cost of Care Survey reveals that long-term care costs in Maryland have increased year-over-year, surpassing national averages. The survey indicates a continued upward trend in long-term care expenses across various care types nationwide, with most increases outpacing inflation rates.
The primary factors driving these cost increases are inflation and labor costs. The survey data and resources are now available on CareScout.com/cost-of-care, featuring interactive tools to calculate median long-term care costs by area, state-level data comparisons, and access to CareScout's Quality Network of care providers.
The platform also offers comprehensive resources including aging care planning guides, information on funding long-term care services, and insights on person-centered care approaches.
Genworth and CareScout's 2024 Cost of Care Survey reveals that long-term care costs in Idaho showed mixed trends year-over-year, with increases in some care settings and decreases in others, while remaining comparable to national averages.
The national data indicates an upward trend in long-term care costs across various care types, with increases exceeding inflation rates. The primary factors driving these cost increases are inflation and labor costs.
The survey results are now accessible at CareScout.com/cost-of-care, featuring interactive tools for calculating median care costs, state-by-state comparisons, and resources for long-term care planning. The platform also includes access to the CareScout Quality Network of vetted care providers and comprehensive guides for aging care planning.
Genworth and CareScout's 2024 Cost of Care Survey reveals that long-term care costs in Arkansas have increased year-over-year, though remaining below national averages. The survey, which tracks various types of long-term care services, indicates that costs continue to rise nationwide at rates exceeding inflation.
Key factors driving the cost increases include:
- Inflation impacts
- Rising labor costs
The survey data is now accessible at www.CareScout.com/cost-of-care, featuring interactive tools for calculating median care costs, state-by-state comparisons, and resources for long-term care planning. CareScout, a Genworth company with over 50 years of expertise, aims to help families understand, locate, and finance quality long-term care services.
Genworth and CareScout's 2024 Cost of Care Survey reveals that long-term care costs in Iowa have increased year-over-year, while remaining comparable to national averages. The survey indicates a continued upward trend in long-term care expenses across various care types nationally, with most increases outpacing inflation rates.
The primary factors driving these cost increases are inflation and labor costs. The survey data and resources are now accessible at www.CareScout.com/cost-of-care, featuring interactive tools to calculate median long-term care costs by area, state-level data comparisons, and access to CareScout's Quality Network of care providers.
Genworth and CareScout's 2024 Cost of Care Survey reveals that long-term care services costs in Massachusetts have increased year-over-year, surpassing national averages. The survey indicates a continued upward trend in long-term care costs across various care types nationally, with most increases outpacing inflation rates.
The primary factors driving these cost increases are inflation and labor costs. The survey data and resources are now available on CareScout.com/cost-of-care, featuring interactive tools to calculate median costs, state-by-state comparisons, and access to the CareScout Quality Network of vetted long-term care providers.
The platform also offers comprehensive resources including aging care planning guides, payment information for long-term care services, and insights on person-centered care approaches.
Genworth and CareScout's 2024 Cost of Care Survey reveals that long-term care costs in Alabama have increased year-over-year, though remaining below national averages. The survey highlights a continued upward trajectory in long-term care costs across various care types nationwide, with most increases outpacing inflation rates.
Key factors driving the cost increases include inflation and labor costs. The survey data and tools are now accessible at CareScout.com/cost-of-care, featuring interactive cost calculation tools, state-by-state comparisons, and resources for long-term care planning.
CareScout, a Genworth company with over 50 years of expertise in long-term care, offers additional resources including the CareScout Quality Network, aging care planning guides, and information about funding long-term care services.