Excerpt from FoxBusiness: (click for full article)
If you're living in Massachusetts, you can expect to pay a pretty penny for long-term care services. According to a study from Genworth Financial Inc., the Bay State has some of the highest costs in the nation associated with care for the elderly.
Growing old in Georgia, on the other hand, is decidedly more affordable. The Peach State consistently ranks among the least expensive locales for various types of care, according to the study.
Knowing the cost of care where you live is important when you consider your need for long-term care insurance. Genworth determined the costs in four categories of care -- nursing homes, assisted-living facilities, adult day care centers and home health care professionals -- by conducting 15,300 surveys of providers during January and February 2012.