Paying for Senior Care

The primary financial resources used to pay for in-home care, assisted living and other long-term care options for seniors are Medicaid, Medicare, long-term care insurance and personal savings.

As the costs of senior care increase, families often struggle to pay for the long-term needs of an aging loved one. Each resource for paying for senior care has different eligibility requirements and restrictions on use.

Explore articles written by our experts to understand what programs your family is eligible for and use the tips and advice provided by experienced caregivers to help you navigate the options for paying for senior care.

Paying for Care Articles

  • How to Pay for Long-Term Care

    Families often struggle to find funds for their loved ones’ care, but adequate planning and awareness of all available options can make a world of difference in paying for long term care.

  • How to Pay for In-Home Care

    Learn which financial options pay for care at home. Explore using Medicaid, Medicare, long-term care insurance, or veteran’s programs to pay for home health aides and personal in-home care.

  • How Can I Get Paid for Being a Family Caregiver?

    The vast majority of family caregivers do not get paid to care for an elderly loved one. However, there are a few options available that may allow a family member to receive payment in exchange for the care they provide.

  • Medicaid's “Cash and Counseling” Allows Pay for Family Caregivers

    Family members could become paid caregivers through the Cash and Counseling or Consumer Direction Care Medicaid Programs. Learn about eligibility requirements, how to apply and benefits you could receive.

  • How to Pay for Assisted Living

    Most seniors pay for assisted living privately using a combination of savings, Social Security benefits, pension payments and retirement accounts. However, there are some government programs and financial tools that can help cover assisted living costs.

  • Medicaid versus Medicare: Who Covers Nursing Home Costs?

    While both Medicare and Medicaid may cover all or part of the costs of a nursing home stay, there are important differences to the rules. Determine which program will pay for your aging loved one's stay in a skilled nursing facility.

  • 10 Government Resources Every Caregiver Should Know About

    Federal, state and local governments offer many services and benefits for seniors and their caregivers, but few people know these resources exist or how to access them. This is your go-to guide for elderly assistance programs.

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