Arizona - Financial Planning and Management
Planning for long-term senior care is difficult without even factoring in the costs. The best way to lessen the stress of paying for long term care is to educate yourself first about the potential costs of different types of care and asking your loved one about any existing coverage they may have through retirement plans or insurance. The cost of long term care varies with location and level of care, so it helps to have an idea of the type of care your loved one needs.
Cost of Senior Care
In the state of Arizona, assisted living care and semi-private room nursing home care are slightly less expensive, typically, than the national median. According to Genworth Financial, the median yearly costs for senior care in Arizona are as follows:
· Assisted Living (private, one bedroom): $37,200
· Nursing Home (semi-private room): $67,708
· Nursing Home (private room): $82,308
Read the Care.com article about Choosing a Nursing Home.
AARP Arizona: AARP provides information to retired people across the country, including financial guidance.
Arizona Department of Economic Security: An organization focused on ensuring economic safety to Arizona residents.
Public Safety Personnel Retirement System of Arizona: Retirement programs for public safety personnel in Arizona.
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 Arizona? Take a look at the local pages below.