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Murder charge against suspended Hokie player Etute is elevated to grand jury

Murder charge against suspended Hokie player Etute is elevated to grand jury
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Cost of care for nursing home and long-term care in Virginia still rising, affected by COVID, annual survey shows

JOHN REID BLACKWELL Richmond Times-Dispatch The COVID-19 pandemic has exacerbated what were already steadily increasing costs for nursing home and at-home healthcare services, according to a recent survey. The annual Cost of Care survey conducted by Henrico County-based Genworth Financial Inc. showed that the median cost for a private room in a nursing home in Virginia has increased about 7.4% this year to about $105,850. Nationally, costs also rose 3.6% to about the same amount. The general trend over the 17 years that Genworth has conducted the survey has been steadily rising costs for various types of long-term care, as providers face growing expenses for labor, training and regulatory compliance.

COVID-19 Will Change LTC Plans for Clients

COVID-19 Will Change LTC Plans for Clients The pandemic has hit long-term care institutions particularly hard, and the effects are likely to persist, including a shift to more home-based care and changing projections for clients’ retirement costs. Long-term care has long been the biggest hole in the U.S. retirement safety net, and the pandemic is raising the stakes on the risks your clients face. The horrific level of death among residents and staff in care facilities has called into question the model for institutional care. Meanwhile, the costs are jumping, driven by accelerating pressures on care facilities. For planners advising clients on a future that may require a lengthy span of care at some level, the outlook is opaque.

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