RICHMOND, Va. (AP) — The cost of home and long-term health care is increasing in Virginia and is rising faster than national levels in some cases.
A Genworth Financial survey released Tuesday shows the hourly rate for home health care is $18 in Virginia, an increase of about 2 percent a year over the past five years. Nationally, the rate is $19, but has only increased 1 percent a year during the same period.
In Virginia, the annual cost of an assisted living facility is $41,775, an increase of nearly 6 percent annually over the past five years. The national average is $39,600 and has increased at about the same rate over that period.
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