Official voice
Is Assisted Living Covered by Health Insurance? This is one of the most common questions families ask. Q: Does Medicare pay for assisted living? A: Generally, no. Medicare typically does not pay for room and board in an assisted living community. It may cover certain medical services received while you're living there, but not the cost of the residence itself. Q: Will my health insurance cover assisted living? A: Most private health insurance plans also do not cover the monthly cost of assisted living. Coverage varies by plan, but housing and personal care are usually not included. Q: How can I afford assisted living? Many families use one or more of these options: Proceeds from selling a home Retirement savings or pensions Social Security income Long-term care insurance (if eligible under the policy) Veterans benefits (for qualifying veterans and spouses) Medicaid programs (for those who qualify, depending on the state) Bridge loans or other senior-focused financing in certain situations Q: Who should I talk to first? Start with a Senior Placement Advisor. A placement advisor can: Explain your care options Help you understand costs Identify communities that fit your budget Determine whether you may qualify for financial assistance programs Coordinate with lenders, financial advisors, or Veterans benefit specialists when appropriate The best part is that many senior placement advisor services are free to families, because participating senior living communities typically pay the advisor if a placement is made. You don't have to figure it out on your own. An experienced advisor can save you time, reduce stress, and help you make a confident decision for yourself or your loved one. Find trusted Senior Placement Advisors at Seniornicity.com