How much does caregiving cost?

How much does caregiving cost?
For clients facing caregiving needs of a loved one, figuring out cost can be overwhelming and confusing.1 Wouldn’t it be helpful to have some concrete numbers they could wrap their heads around? This care calculator can help drive your conversations and create a thoughtful financial strategy.
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Cost of Alzheimer’s Care Calculator

Every caregiving situation is different depending on the stage of the journey, and costs can vary drastically. Transamerica collaborated with Georgetown University’s AgingWell Hub2 to create a tool that provides real numbers to the cost of care.
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We’re here to help

Navigating the role of a caretaker can bring unexpected challenges. We have resources to share with your clients to help educate and prepare them for the journey ahead.

Budget Worksheet

Individual caregivers spend $7,400 of their own money each year to provide care for loved ones.Help clients create a budget that includes saving for retirement and potential caregiver costs. Use our budgeting worksheet.

Preparation can empower caregivers to be proactive versus reactive, and allow them to help loved ones be better prepared as well.

Do You Know a Caregiver?

The MIT AgeLab4 is creating a caregiver panel to learn about their experiences and challenges for a research study. Know someone who may be able to share insight? Have them sign up here.

Learn More

For additional support material and a presentation, reach out to your Transamerica representative.