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

Parent's state

Care type

Estimated years of care

% covered by insurance/Medicare

Medical & Ancillary Costs

Monthly medications OOP ($)

Doctor visits / year

Per-visit copay/cost ($)

Home adaptations ($)

Family Caregiver Career Impact

Caregiver annual salary ($)

Hours/week on caregiving

Hours/week of work reduced

Annual Care Cost Estimate

—

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 →

Compare two scenarios

Snapshot your current numbers, change any input, then snapshot again to see the difference side by side.

No scenarios saved yet — enter your numbers above, then click Save as A.

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.

Data reference (United States): Genworth Cost of Care Survey 2023; CMS · figures as of 2026-06 · Compiled from official public sources via AI-assisted research; latest available data, not individually verified - general information, not advice.. See our methodology for how every figure is sourced and dated.

🔒 Calculations run 100% in your browser — we never see your numbers 📊 Built on primary-source data (see references above) 🔄 Reviewed 2026 · methodology · disclaimer

Annual Care Cost Estimate

Full Cost Breakdown

Frequently asked questions

Chronic Illness Annual Cost Calculator

State Pension Age & Amount: 6-Country Comparison (2026)

Nursing Home vs Assisted Living vs Home Care: 2026 Costs

Hidden Financial Cost of Chronic Illness: Beyond Copays