top of page
Search

Who pays for Assisted Living?



Let’s talk about assisted living. What is it? Assisted living is not quite Long-Term Care, and not quite Senior Living. Assisted living is in between, these are facilities that help residents manage daily tasks such as cooking, bathing, cleaning, doing laundry, and toileting.


Costs for assisted living depend on the amount or level of care needed. In 2020, the median annual cost for assisted living in the U.S. was $51,600/year.


So, who pays for assisted living? Some people wrongly assume Medicare will pick up this tab. Medicare does not cover assisted living expenses. Medicare will pay for certified home health services. Home health services that qualify for Medicare coverage includes items such as physical therapy, occupational therapy, speech therapy, and nursing care.


Long-Term Care policies will typically pay for assisted living. You can get a long-term care policy in a traditional policy, as part of an annuity, or even as part of a life insurance policy.


Another way to cover long term care is by qualifying for Medicaid. Medicaid offers coverage for low-income beneficiaries, so you’ll have to be below certain income thresholds to qualify.


Lastly, many people will use personal assets or ask family for assistance. If you need help to review an older policy or would like to pursue a new policy, contact us, we’ll be happy to help!

 
 
 

Comments


11931 Wickchester Ln. Ste 100

Houston, TX 77043

Our Office is located at:

Give us a call!

 (713)-955-7522

Houston
San Antonio

(210)-858-9025

19202 Huebner Rd. Ste 100

San Antonio, TX 78258

Disclaimer
This website is not connected with or endorsed by the U.S. government or the federal Medicare program. www.medicareinanutshell.com is privately owned and operated. www.medicareinanutshell.com is a non-government resource. We make understanding Medicare easy. If you are looking for the official Medicare website, please visit www.Medicare.gov. 


 All rights reserved.Individual savings may vary, and are not guaranteed. Coverages and discounts subject to state availability and individual eligibility. ** This is not a complete listing of plans available in your service area. For a complete listing please contact 1-800-MEDICARE (TTY users should call 1-877-486-2048), 24 hours a day/7 days a week or consult www.medicare.gov. *** www.medicareinanutshell.com takes no responsibility and assumes no liability for any content posted by consumer or any third party. www.medicareinanutshell.com is a licensed and certified representative of a Medicare Advantage  [HMO, PPO and PFFS] organization, a stand-alone prescription drug plan with a Medicare contract, and Medicare Supplement. Enrollment in any plan depends on contract renewal. By clicking the "Submit” button, you are agreeing by electronic signature to give www.medicareinanutshell.com prior express written consent to call you at the phone number you provided in the above form (even if it is a mobile phone number) to market our product and services to you and for any other purpose. By clicking the button, you also agree that we may use a computer or other automatic dialing technology to call you. Even if computerized dialing is used, there will be a human, not a recorded message, on the call when you pick up. If you do not answer a message will be left automatically. Clicking any button is not a condition to purchase. By completing the contact form above or calling the number listed above, you will be directed to a licensed sales agent who can answer your questions and provide information about Medicare Advantage, Part D, or Medicare Supplement insurance plans. Neither www.medicareinanutshell.com nor its agents are connected with or endorsed by the U.S. government or the federal Medicare program. Availability of carriers and products are dependent on your resident zip code. 

bottom of page