Washington DC Financial Planning

Washington D.C. - Financial Planning and Management

Planning for the costs of senior care is challenging, but one that can be done with some research and some advance planning. Washington DC senior care costs are slightly higher than national averages, so make sure you account for this when planning your finances. Along with insurance plans, Medicare, Social Security, and possibly Medicaid, benefits will be available to your loved one. Work with your loved one to find out what types of coverage they may already have.

According to Genworth Financial, the median costs of different types of long-term care in Washington, DC, are as follows:

·         Assisted Living (private, one bedroom): $30,000

·         Nursing Home (semi-private room): $86,323

·         Nursing Home (private room): $94,353

For more financial information, consult our articles about Medicare and Post-Hospital Care and Veterans Benefit and Elder Care Costs.

More Resources

Senior Care Services: Trying to decide what type of senior housing is right for your aging loved one?  Get free guidance from Care.com's expert senior care advisors who can help you find the right solution for your family. Search senior housing options and home care agencies or call 855-490-8652.

Senior Care Planning: Searching for senior care for your family can be an overwhelming experience. Care.com provides Senior Care Counseling in which specially trained individuals will work one-on-one with you to determine the best care situation for you and your family. Call 877-922-7314 today.

Senior Care Guide: Care.com's comprehensive guide to senior care that helps readers understand senior care options by describing each option in detail and answering frequently asked questions.     

For more information on senior healthcare, visit our Articles and Resources page.

Looking for quality senior care in Washington DC? Check out the local page below.

Washington DC