Elder Care Cost Projector
Predict the future cost of nursing homes or assisted living facilities based on healthcare inflation.
Timeline & Costs
US Avg: ~$8,500 for a private room.
Historically 4% - 6% annually.
Why is it so high? Healthcare inflation drastically reduces the purchasing power of your savings over decades. Medicare does not cover long-term custodial care. Consider looking into Long-Term Care (LTC) Insurance while you are young and healthy.
Planning for Long-Term Care
As life expectancy increases, the probability of needing long-term care also rises. Unfortunately, the cost of healthcare and assisted living is inflating much faster than the general CPI (Consumer Price Index). Our Nursing Home Projector helps you estimate what these facilities will actually cost by the time you or your loved ones need them.
The Medicare Myth
Many families falsely believe that Medicare will cover nursing home costs. In reality, Medicare only pays for short-term rehabilitation (usually up to 100 days). True long-term "custodial care" is almost entirely out-of-pocket until your assets are depleted enough to qualify for Medicaid.
Long-Term Care (LTC) Insurance
Purchasing LTC insurance in your 50s or 60s can protect your life savings from being entirely consumed by healthcare costs. Use our projected future costs to determine exactly how much daily benefit coverage you should purchase.