A common question that is asked on discussion websites for caregivers is: Where do I get financial assistance for Skilled Nursing Facility or assisted living care?
My book: Healthcare Handbook for Senior Citizens and Their Families, describes the types of facilities available for assistance and care. It also discusses the different payer sources and their rules and regulations.
There are many sources available for financial assistance but the assistance depends upon the types of services required for the individual and that person’s financial situation. Regular health insurance and Medicare usually will not pay for care, if the need is only for assistance with activities of daily living, such as bathing and meals. Unfortunately, there are many people in their final years who fit in that category. Often this care is what drains individuals’ and/or couples’ savings.
Throughout the book, I encourage purchasing Long Term Care Insurance. The sooner you get it, the cheaper it will be. Many of these insurances cover care in a nursing home, assisted living or at home.