Can Health Insurance Pay For Assisted Living Expenses? 

If you're thinking about entering an assisted living facility and wondering whether your health insurance will pay for assisted living it is a question that many people have.

Assisted living is expensive for most folks and the costs can average $3200. a month.  Most people do not have the funds available to pay for assisted living and look to Medicare, Medicaid and their health insurance policy and other insurance policies.

The facts are that neither Medicare nor any health insurance policies that I know of will pay for assisted living HOWEVER there is another insurance policy to consider. But first Medicaid may cover some services in some facilities or assisted living centers in some states. You can check with your state to see if Medicaid will cover any part of assisted living care.

Long Term Care Insurance for Assisted Living

Now what you want to check is long term care insurance. If you have it already then it may pay for it considering how long you have had it. That will be the key factor. I doubt that you would be able to buy long term care insurance and then immediately sign up for an assisted living center.

I know a health director for an assisted living facility and she has worked in many and MOST of the residents there, as they're called, did not have an insurance policy that paid for their expenses. Most of them are paying out of their pocket.

Check With AARP and Consumer Reports for Long term Care Insurance

So if assisted living is in your future you want to start checking now about long term care insurance policies. Make sure to find out when it will pay, how long you have to have it and read the fine print. Get several quotes and don't rely on one insurance agent for all the facts. Try to find others who have bought long term care health insurance and are benefiting from it. Try to find an agent who specializes in health insurance or elder insurance.  AARP may be of help  or even Consumer Reports.

How to Pay for Assisted Living

Find out the facts now on how to pay for assisted living.  Don't wait until you or your parents need it. Low cost health insurance is good for many events but it won't pay for assisted living costs.  But do check these other long term care insurance options and get all your questions answered.  Make sure to get everything explained to you in simple terms so that you fully understand it. Make a list of questions before you meet with your insurance agent. Don't be afraid to ask questions or say you don't understand. You want to get the best long term health insurance for you if it seems like the way to go.  Low Cost Health Insurance