According to Genworth’s 2010 Cost of Care Survey, home care costs, as well as costs of other long-term care services, are lower in Mississippi than they are nationally.
The median annual rate for home care costs in Mississippi is $36,608 statewide, 16 percent lower than the median annual rate of $43,472 nationally.
Mississippi is the fourth most affordable state for home care services.
“Long-term care is not just about nursing homes anymore,” said Buck Stinson, president, U.S. Life Insurance Products at Genworth. “For many Mississippi residents, the ability to live independently is critical to maintaining quality of life. Preparing for the expenses associated with one’s preferred care setting is a key factor in retirement planning.”