Paying for senior care
Most families combine a few sources. Here are the usual ones, without the jargon.
Common funding sources
No single source usually covers it all.
- Private savings and income
- Proceeds from selling a home
- Long-term care insurance
- Veterans benefits, where eligible
A note on Medicare
Medicare generally does not pay for long-term assisted living or memory care. It may cover short-term skilled nursing after a hospital stay. Confirm specifics with a licensed advisor — this is general information, not financial advice.
Not sure where to start?
Compare communities side by side, or read the trade-offs before you ever pick up the phone.