Steep Rise in Assisted Living Facility Costs Amid Pandemic

Assisted Living Facility Costs

All long-term care costs rose sharply in 2020, but assisted living facility costs increased the most, according to Genworth’s latest annual Cost of Care Survey. The across-the-board rises were due in part to increased costs brought on by the coronavirus pandemic.  In the past year, assisted living facility rates grew 6.15% (percent) for a median cost of … Read more

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