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Cost of Care Calculator

What does care cost today?

The latest facts from an authoritative third party.
 
Each year, Genworth Financial, Inc. conducts an independent survey of average health care costs across the country. This calculator is based on their most recent findings and can give you a basis for planning.

 
Required: *  
years old *
years old *
   
Years You Would Need ...  
years
years
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Inflation: 4.00%
   

Please note: Research shows that about 70 percent of people age 65 or older will need long-term care services at some point in their lifetime. And while most people think of long-term care as impacting only those in senior years, 40 percent of people currently receiving long term care services are ages 18 to 64.

The Genworth 2012 Cost of Care Survey can help families evaluate options to address the increasing cost of long term care. For the ninth consecutive year, Genworth has surveyed the cost of long term care across the U.S. to help Americans appropriately plan for the potential cost of this type of care in their preferred location and setting. The most comprehensive study of its kind, Genworth's 2012 Cost of Care Survey, conducted by CareScout®, covers nearly 15,300 long term care providers in 437 regions nationwide.

Years You Would Need: Enter the estimated number of years you would require the following health care services.
Home Health: These hourly rates were obtained from licensed (if required by your state) agencies. Typically, a visit from a home health aide lasts longer than an hour. Home health aides assist with activities such as bathing, dressing and toileting.
Assisted Living: Theses rates are for a private room with private bath and typically include at least two meals per day, housekeeping, and personal-care assistance.
Skilled Nursing: These rates were obtained from licensed nursing homes that provide both skilled and custodial care. They are based on a private-pay rate for custodial care, not the Medicare-reimbursed rate.
Inflation Calculations will be adjusted based on the average yearly inflation rate.

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Covenant Village of Colorado, a Colorado nonprofit corporation, is solely responsible for fulfilling financial responsibilities to residents under the residency contracts. Covenant Village of Colorado is within the network of communities developed and managed by Covenant Retirement Communities, Inc.

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