Aging Parent Care Financial Planner
Care costs vary dramatically by state and care type. This planner combines facility or home-care costs with the often-invisible career impact on the family caregiver to give you the true annual picture.
Location & Care Type
Medical & Ancillary Costs
$
$
$
Family Caregiver Career Impact
$
Annual Care Cost Estimate
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updates as you type · out-of-pocket after insurance
Your State Benchmarks
Full Cost Breakdown
Data sources & methodology:
Care facility costs from Genworth Cost of Care Survey 2023.
Caregiver career impact methodology based on AARP Public Policy Institute research on caregiving and employment.
Figures represent median costs — actual costs vary by provider, level of care, and individual circumstances.
Full disclaimer →
Frequently asked questions
How much does assisted living vs. a nursing home cost?
Assisted living averages roughly $54,000 a year nationally, while a private nursing-home room often exceeds $100,000 a year. In-home care costs depend on the hours needed and can fall between the two.
Does Medicare pay for long-term care?
Generally no — Medicare covers only short-term skilled care, not ongoing custodial long-term care. Long-term care is typically paid out of pocket, through long-term care insurance, or by Medicaid after a spend-down of assets.
What is the financial impact on a family caregiver?
Family caregivers often reduce hours or leave jobs, losing wages, retirement contributions, and Social Security credits. Studies estimate the lifetime cost to an individual caregiver can approach $500,000 when lost income and benefits are included.
🔒 Calculations run 100% in your browser — we never see your numbers 📊 Built on primary-source data (see sources above) 🔄 Reviewed 2026 · methodology · disclaimer