Question 1

How much does senior care cost?

Accepted Answer

Senior care costs vary by type and location. In 2026, national medians range from about $5,340/month for in-home care to $9,840/month for a nursing home. ReckonWise provides a free calculator covering 7 care types across all 50 states plus DC, with funding source analysis for Medicaid, VA benefits, and long-term care insurance.

Question 2

Is there a free senior care cost calculator?

Accepted Answer

Yes. ReckonWise offers a free senior care cost calculator with state-specific estimates for 7 care types including in-home care, assisted living, memory care, and nursing homes. It includes a care needs assessment, funding gap analysis, cost projections, and a shareable family planning summary — no account required.

Question 3

Does Medicare pay for assisted living?

Accepted Answer

No. Medicare does not cover assisted living, memory care, or in-home personal care aides. Medicare only covers skilled nursing facility stays for up to 100 days after a qualifying hospital stay. Most families pay for long-term care through personal savings, Medicaid (if eligible), VA Aid and Attendance benefits, or long-term care insurance.

Question 4

How do I pay for a nursing home?

Accepted Answer

Most families use a combination of funding sources: personal savings and income, Medicaid (which covers nursing home care for those who meet income and asset limits), VA Aid and Attendance benefits (up to $2,874/month for eligible veterans), and long-term care insurance. ReckonWise's calculator includes a funding analysis that shows how these sources apply to your specific situation.

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Senior Care Cost Planning

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