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Cost of Care Survey 2014 118928NY 04/01/14 Genworth 2014 Cost of Care Survey New York State-Specific Data

Genworth 2014 Cost of Care Survey New York...Nursing Home - daily rate multiplied by 365 days 2 Represents the compound annual growth rate based on Genworth Cost of Care Survey data

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Page 1: Genworth 2014 Cost of Care Survey New York...Nursing Home - daily rate multiplied by 365 days 2 Represents the compound annual growth rate based on Genworth Cost of Care Survey data

Cost of Care Survey 2014

118928NY 04/01/14

Genworth 2014 Cost of Care Survey New YorkState-Specific Data

Page 2: Genworth 2014 Cost of Care Survey New York...Nursing Home - daily rate multiplied by 365 days 2 Represents the compound annual growth rate based on Genworth Cost of Care Survey data

Homemaker Services Hourly Rates

Cost of Care Survey 2014 I New York

New York

Region MinimumRate Range

Median MaximumMedian

Annual Rate1Five-Year

Annual Growth2

USA $8 $19 $39 $43,472 1%

New York – Whole State $15 $21 $27 $47,934 3%

Albany–Schenectady–Troy $20 $23 $25 $51,480 2%

Binghamton $20 $22 $24 $50,290 0%

Bronx $15 $18 $21 $41,184 2%

Brooklyn $16 $19 $24 $43,472 1%

Buffalo–Cheektowaga–Niagara Falls $16 $22 $25 $50,336 3%

Elmira $20 $21 $23 $48,620 4%

Glens Falls $19 $21 $23 $47,476 3%

Ithaca $21 $23 $26 $52,624 3%

Kingston $16 $18 $24 $41,756 -5%

Long Island $19 $21 $25 $48,048 0%

Manhattan $18 $20 $24 $45,760 2%

Outer New York City $16 $23 $26 $52,624 1%

Queens $16 $18 $24 $41,184 0%

Rochester $20 $22 $27 $51,205 2%

Staten Island $16 $18 $22 $41,184 1%

Syracuse $17 $22 $25 $49,192 4%

Utica-Rome $20 $21 $26 $48,048 4%

Watertown–Fort Drum $20 $21 $22 $48,620 5%

New York – Rest of State $16 $20 $24 $45,760 3%

Page 3: Genworth 2014 Cost of Care Survey New York...Nursing Home - daily rate multiplied by 365 days 2 Represents the compound annual growth rate based on Genworth Cost of Care Survey data

Cost of Care Survey 2014 I New York

New York

Home Health Aide Services Hourly Rates

Region MinimumRate Range

Median MaximumMedian

Annual Rate1Five-Year

Annual Growth2

USA $9 $20 $39 $45,188 1%

New York – Whole State $15 $22 $33 $50,336 2%

Albany–Schenectady–Troy $21 $23 $28 $53,196 1%

Binghamton $20 $22 $24 $50,290 0%

Bronx $15 $20 $22 $45,188 4%

Brooklyn $16 $19 $28 $43,472 1%

Buffalo–Cheektowaga–Niagara Falls $20 $23 $33 $52,624 3%

Elmira $24 $24 $24 $53,768 5%

Glens Falls $23 $25 $25 $57,200 4%

Ithaca $23 $24 $26 $53,768 4%

Kingston $18 $22 $25 $49,489 -2%

Long Island $19 $21 $25 $48,048 -1%

Manhattan $18 $21 $24 $48,048 3%

Outer New York City $20 $23 $26 $52,624 1%

Queens $16 $18 $24 $41,184 0%

Rochester $20 $25 $28 $57,200 2%

Staten Island $15 $18 $22 $41,184 1%

Syracuse $17 $23 $25 $53,196 4%

Utica-Rome $20 $22 $26 $50,336 2%

Watertown–Fort Drum $21 $22 $27 $49,764 5%

New York – Rest of State $19 $21 $25 $48,620 1%

Cost of Care Survey 2014 I New York

New York

Home Health Aide Services Hourly Rates

Page 4: Genworth 2014 Cost of Care Survey New York...Nursing Home - daily rate multiplied by 365 days 2 Represents the compound annual growth rate based on Genworth Cost of Care Survey data

Cost of Care Survey 2014 I New York

New York

Adult Day Health Care Daily Rates

Region MinimumRate Range

Median MaximumMedian

Annual Rate1Five-Year

Annual Growth2

USA $12 $65 $215 $16,900 3%

New York – Whole State $26 $75 $215 $19,500 3%

Albany–Schenectady–Troy $35 $87 $112 $22,511 13%

Binghamton $45 $45 $45 $11,700 N/A

Bronx $60 $100 $140 $26,000 6%

Brooklyn $70 $73 $75 $18,850 -1%

Buffalo–Cheektowaga–Niagara Falls $39 $41 $47 $10,660 -2%

Elmira $80 $80 $80 $20,800 N/A

Glens Falls $99 $104 $110 $27,105 -1%

Ithaca $117 $117 $117 $30,545 N/A

Kingston $60 $93 $125 $24,050 17%

Long Island $40 $126 $215 $32,630 4%

Manhattan $150 $178 $190 $46,337 9%

Outer New York City $38 $80 $136 $20,800 -9%

Queens $26 $88 $116 $22,750 -4%

Rochester $37 $65 $193 $16,900 -11%

Staten Island $186 $186 $186 $48,360 N/A

Syracuse $48 $57 $98 $14,820 -1%

Utica-Rome $40 $54 $118 $14,040 9%

Watertown–Fort Drum N/A N/A N/A N/A N/A

New York – Rest of State $35 $80 $146 $20,800 0%

Adult Day Health Care Daily Rates

New York

Cost of Care Survey 2014 I New York

Page 5: Genworth 2014 Cost of Care Survey New York...Nursing Home - daily rate multiplied by 365 days 2 Represents the compound annual growth rate based on Genworth Cost of Care Survey data

Cost of Care Survey 2014 I New York

New York

Assisted Living Facility Monthly Rates (One Bedroom – Single Occupancy)

Region MinimumRate Range

Median MaximumMedian

Annual Rate1Five-Year

Annual Growth2

USA $750 $3,500 $10,412 $42,000 4%

New York – Whole State $1,217 $3,684 $10,413 $44,205 4%

Albany–Schenectady–Troy $1,975 $4,526 $6,550 $54,306 7%

Binghamton $2,875 $4,853 $6,900 $58,230 1%

Bronx $1,225 $2,450 $5,343 $29,400 N/A

Brooklyn $2,500 $3,600 $6,450 $43,200 N/A

Buffalo–Cheektowaga–Niagara Falls $2,300 $3,660 $4,863 $43,920 4%

Elmira $1,225 $3,366 $4,520 $40,392 -1%

Glens Falls $2,000 $3,000 $4,700 $36,000 0%

Ithaca $3,391 $7,313 $9,750 $87,750 N/A

Kingston $2,000 $3,650 $4,670 $43,800 N/A

Long Island $2,500 $5,440 $9,100 $65,280 4%

Manhattan $2,500 $5,230 $10,413 $62,760 18%

Outer New York City $1,225 $5,300 $7,110 $63,600 21%

Queens $1,750 $4,525 $6,600 $54,300 5%

Rochester $2,160 $3,525 $5,220 $42,300 -2%

Staten Island $1,800 $2,500 $3,025 $30,000 N/A

Syracuse $1,225 $3,028 $5,500 $36,330 4%

Utica-Rome $1,847 $2,506 $5,750 $30,066 2%

Watertown–Fort Drum $4,080 $4,080 $4,080 $48,960 N/A

New York – Rest of State $1,217 $2,775 $5,070 $33,300 3%

New York

Cost of Care Survey 2014 I New York

Assisted Living Facility Monthly Rates (One Bedroom – Single Occupancy)

Page 6: Genworth 2014 Cost of Care Survey New York...Nursing Home - daily rate multiplied by 365 days 2 Represents the compound annual growth rate based on Genworth Cost of Care Survey data

Cost of Care Survey 2014 I New York

New York

Nursing Home Daily Rates (Semi-Private Room)

Region MinimumRate Range

Median MaximumMedian

Annual Rate1Five-Year

Annual Growth2

USA $94 $212 $800 $77,380 4%

New York – Whole State $150 $340 $613 $124,100 3%

Albany–Schenectady–Troy $310 $338 $363 $123,370 2%

Binghamton $270 $316 $337 $115,176 2%

Bronx $230 $403 $568 $146,913 8%

Brooklyn $300 $400 $525 $146,000 5%

Buffalo–Cheektowaga–Niagara Falls $200 $339 $380 $123,553 4%

Elmira $330 $345 $365 $125,925 4%

Glens Falls $290 $315 $320 $114,997 4%

Ithaca $240 $262 $288 $95,630 -1%

Kingston $285 $360 $460 $131,400 N/A

Long Island $300 $415 $500 $151,475 2%

Manhattan $365 $450 $600 $164,250 3%

Outer New York City $325 $406 $450 $148,190 2%

Queens $150 $307 $613 $112,146 -2%

Rochester $270 $330 $413 $120,450 0%

Staten Island $325 $350 $365 $127,750 -4%

Syracuse $295 $343 $398 $125,334 4%

Utica-Rome $205 $283 $385 $103,113 4%

Watertown–Fort Drum $250 $304 $326 $110,960 3%

New York – Rest of State $203 $309 $395 $112,949 4%

New York

Cost of Care Survey 2014 I New York

Page 7: Genworth 2014 Cost of Care Survey New York...Nursing Home - daily rate multiplied by 365 days 2 Represents the compound annual growth rate based on Genworth Cost of Care Survey data

Cost of Care Survey 2014 I New York

New York

Nursing Home Daily Rates (Private Room)

Region MinimumRate Range

Median MaximumMedian

Annual Rate1Five-Year

Annual Growth2

USA $104 $240 $954 $87,600 4%

New York – Whole State $150 $358 $650 $130,670 4%

Albany–Schenectady–Troy $320 $359 $381 $131,035 2%

Binghamton $280 $324 $346 $118,151 2%

Bronx $235 $425 $568 $155,125 7%

Brooklyn $300 $400 $580 $146,000 6%

Buffalo–Cheektowaga–Niagara Falls $250 $346 $406 $126,108 3%

Elmira $330 $360 $380 $131,400 4%

Glens Falls $300 $315 $340 $114,997 3%

Ithaca $250 $272 $298 $99,280 -2%

Kingston $295 $374 $476 $136,437 N/A

Long Island $320 $435 $575 $158,775 3%

Manhattan $365 $450 $650 $164,250 1%

Outer New York City $325 $421 $475 $153,483 2%

Queens $150 $338 $638 $123,188 -2%

Rochester $280 $360 $428 $131,400 1%

Staten Island $325 $358 $375 $130,670 -4%

Syracuse $305 $351 $400 $128,130 5%

Utica-Rome $210 $300 $400 $109,500 4%

Watertown–Fort Drum $260 $319 $347 $116,435 2%

New York – Rest of State $214 $325 $415 $118,625 4%

New York

Cost of Care Survey 2014 I New York

Nursing Home Daily Rates (Private Room)

Page 8: Genworth 2014 Cost of Care Survey New York...Nursing Home - daily rate multiplied by 365 days 2 Represents the compound annual growth rate based on Genworth Cost of Care Survey data

Cost of Care Survey 2014 I New York

Data Table End Notes1 Median Annual Rates* are calculated based on the following: Homemaker Services - hourly rate multiplied by 44 hours per week, multiplied by 52 weeks Home Health Aide Services - hourly rate multiplied by 44 hours per week, multiplied by 52 weeks Adult Day Health Care - daily rate multiplied by 5 days per week, multiplied by 52 weeks Assisted Living Facility - monthly rate multiplied by 12 months Nursing Home - daily rate multiplied by 365 days

2 Represents the compound annual growth rate based on Genworth Cost of Care Survey data from 2009 to 2014. Data is rounded to the nearest percentage point.

*Hourly, daily and monthly rates are rounded to the nearest whole dollar.

Page 9: Genworth 2014 Cost of Care Survey New York...Nursing Home - daily rate multiplied by 365 days 2 Represents the compound annual growth rate based on Genworth Cost of Care Survey data

About CareScout®

Headquartered in Waltham, Massachusetts, CareScout helps Americans across the United States find quality care providers for their long term care needs. As an objective source for this provider information, CareScout, a Genworth company, developed the nation’s first quality-of-care ratings system for certified nursing homes and home care providers. Large employers, risk underwriters and families rely on CareScout’s proprietary ratings system, the CareScout network, and its database of about 100,000 providers including nursing homes, assisted living facilities and home care agencies to help find and arrange the most appropriate care for loved ones. For more information, visit carescout.com.

About Genworth Financial

Genworth Financial, Inc. (NYSE: GNW) is a leading Fortune 500 insurance holding company dedicated to helping people secure their financial lives, families and futures. Genworth has leadership positions in offerings that assist consumers in protecting themselves, investing for the future and planning for retirement — including life insurance, long term care insurance, financial protection coverages, and mortgage insurance that helps consumers achieve home ownership while assisting lenders in managing their risk and capital.

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