Day Care Cost Calculations
Part 2
Scenario for Day Care Cost Calculations:
Day Care Cost Calculations: Your spouse is 70 years old and they just received a diagnosis of dementia.
Considering that you will be needing 7 years of nursing home and 4 years of adult day care services.
Considering the age and extent of the disease process
Calculate what the total cost will be utilizing 5 days/week for the daycare cost. Your spouse worked most of their life and was able to save $650,000 for retirement.
Read the scenario above.
Will this be enough money to pay for these services? (Remember: Daycare – 5 days/week and 52 weeks/years, and 7 days a week for Nursing Home/365 days a year).
Comment on the prospects below for Day Care Cost Calculations:
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