Elderly Care Cost Calculator (Monthly and Yearly Projection)
Adds the care type rate, medicines and attendant cost for a monthly figure, then projects the yearly cost forward with inflation.
Recent
Formula
How the calculation works
The tool adds the monthly rate for the chosen care type, the medicine cost and the attendant cost into one monthly figure.
It multiplies that monthly figure by twelve to get the cost for the coming year before any price rise.
It then applies the inflation rate over the projection years to show the higher cost you should prepare for.
Common mistakes
- Leaving out medicines and the attendant, which together often exceed the basic care rate itself.
- Planning for one year only, when care usually lasts several years and inflation raises the bill each year.
When to use it
- Plan the family budget before hiring care for an elderly parent at home or in a nursing facility.
- Compare home care with a day-care centre by changing the care rate and seeing the yearly difference.
Worked example
Full-time home care at 25000 taka plus 4000 for medicines and 12000 for an attendant gives 41000 a month, projecting to 552000 in the first year and rising with 6 percent inflation.
Common questions
Which care rate does the tool use for each type?
It uses a typical Bangladeshi monthly rate for the chosen type, and you should replace it with the actual quote you receive.
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