(SitNews) - According to Genworth's 2011 Cost of Care Survey, the cost to receive care in the home, Americans' preferred long term care setting, is increasing at a significantly faster pace in Alaska than nationally. Overall, long term care costs are much greater in Alaska than they are nationwide.

The median hourly rate to receive care in the home is $26.50 an hour in Alaska for home health aide services and $19 per hour nationally. The cost for this type of care has increased 3.2 percent a year over the past six years in Alaska, and 1.4 percent per year nationally during this same period.

The cost for a private nursing home room in Alaska has risen 4.7 percent annually over the past six years, and 4.4 percent nationally. The median annual rate in Alaska for a private nursing home room is $227,760 per year, significantly greater than the national rate of $77,745 per year.

Nationally, the median annual cost of long term care in an assisted living facility is $39,135, an increase of 6.0 percent annually over the past six years. In Alaska, the annual cost of assisted living care is $66,000 and costs have risen 4.6 percent per year over the same time period.

On the Web:

Interactive map of long term care costs in three regions across Alaska, as well as nationally.
http://www.genworth.com/content/products/
long_term_care/long_term_care/cost_of_care.html

Source of News: 

Genworth Financial, Inc.
http://www.genworth.com

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Ketchikan, Alaska