{"id":355750,"date":"2022-05-02T14:08:57","date_gmt":"2022-05-02T19:08:57","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-law\/elder\/elder-care-law\/dealing-with-the-cost-of-long-term-elder-care.html"},"modified":"2024-03-12T15:58:44","modified_gmt":"2024-03-12T20:58:44","slug":"dealing-with-the-cost-of-long-term-elder-care","status":"publish","type":"page","link":"https:\/\/www.findlaw.com\/elder\/elder-care-law\/dealing-with-the-cost-of-long-term-elder-care.html","title":{"rendered":"Managing the Cost of Long-Term Older Adult Care"},"content":{"rendered":"\n
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Dealing With the Cost of Long-Term Older Adult Care<\/h1>\n
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\n By Olivia Wathne, J.D.<\/a> | Legally reviewed by Melissa Bender, Esq.<\/a>\n | Last reviewed\n
\n \n <\/i>\n Legally Reviewed\n <\/summary>\n\n
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This article has been written and reviewed for legal accuracy, clarity, and style by FindLaw\u2019s team of legal writers and attorneys<\/a> and in accordance with our editorial standards<\/a>.<\/em><\/p>\n\n <\/div>\n <\/details>\n\n

\n \n <\/i>\n Fact-Checked\n <\/summary>\n\n
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The last updated date refers to the last time this article was reviewed by FindLaw or one of our contributing authors<\/a>. We make every effort to keep our articles updated. For information regarding a specific legal issue affecting you, please contact an attorney in your area<\/a>.<\/em><\/p>\n\n <\/div>\n <\/details>\n<\/section>\n

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It is important to plan out how to cover long-term care costs. Special insurance, smart estate planning, and other steps can help you plan for your own long-term care or assist in planning for the care of senior relatives.<\/p>\n\n <\/div>\n\n

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It is important to plan out how to cover long-term care costs. Special insurance, smart estate planning, and other steps can help you plan for your long-term care or assist in planning for the care of senior relatives.<\/p>\r\n

According to a survey by Genworth, the monthly cost of an assisted living facility is $4,500, while a private room in nursing home care is $9,034<\/a>. Home healthcare and living services hover around $5,000 per month.<\/p>\r\n

These costs are quite high, and the increasing problem of debt among seniors<\/a> makes covering long-term care costs more challenging.<\/p>\r\n

Medicare and Medicaid are not always a solution. Medicare does not cover most long-term care services<\/a>, and Medicaid will only kick in once all other resources are exhausted. Eligibility for these programs and health insurance can cause issues for loved ones.<\/p>\r\n

What Is Long-Term Care?<\/h2>\r\n

Long-term care<\/a> is care given to individuals when they cannot perform normal activities like cooking and eating, bathing, getting dressed, cleaning, laundry, and going to the bathroom without help. This assistance can come from professionals or other family members.<\/p>\r\n

Often, people need long-term care because of specific health issues or advanced age. The goal is to provide enough assistance so that the person can still enjoy a good quality of life.<\/p>\r\n

In addition to assistance with daily tasks, long-term care can include medical services, such as cleaning and checking equipment, administering injections and medication, and checking vitals.<\/p>\r\n

This type of care is important for seniors to avoid dangers such as falls, accidents at home, or medication overdoses.<\/p>\r\n

Types of Long-Term Care<\/h3>\r\n

There are different options for long-term care:<\/p>\r\n