Try: Older care recipients cr have a wide array of housing options depending on the type of housing the cost can vary greaty when considering senior housing the following considerations can factor into cost location high cost of living or metropolitan areas will normally be more expensive for all levels of housing location within a city or area can also affect the cost level of care in general the higher the level of care the more you can expect to pay staff and medical providers are expensive to have on site nursing homes are the most expensive but assisted living facilities can also be expensive insurance coverage medicare health insurance coverage for seniors generally does not cover cr housing other than nursing homes medicare also only covers limited stays in nursing homes when skilled nursing care is required medicaid health insurance for limited incomes may cover some assisted living costs and does provide nursing home coverage however facilities are not required to take medicaid and the cr must qualify for the program long-term care insurance long-term care insurance can be a way offset some of the costs of long-term care coverage and provisions can vary but frequently some in-home help and assisted living facility costs are covered as well as nursing homes however this type of insurance can be expensive home modification cost and in-home help a home modification may initially seem expensive but it can result in savings over time if it allows you to the cr to stay at home longer the large up-front money is costly but can be economical compared to the cost of a nursing home information references

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Categories: Financial, Personal

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Keywords: Housing living arrangements costs

*This information is listed as a Fact Sheet and is not explicitly medically licensed