Author: Andrea Miller

Reviewed By: Catherine Braxton

Assisted living isn’t free. Assisted living residents pay an average of $4,500 per month for room and board, help with activities of daily living, meals, transportation and other services. The annual cost of assisted living is about $54,000. 

Does Medicaid or Medicare pay for assisted living?

Medicare doesn’t cover assisted living, but Medicaid may pay for part of the assisted living costs in many states. To qualify for a Medicaid state waiver program, you must have limited income or a disability. Explore the specific requirements in your area to see if you or your loved one may be eligible.

What should you do if you can’t pay for assisted living?

Look into Medicaid eligibility as well as state and local resources for seniors if you need help but can’t pay for assisted living. In addition, the Aid and Attendance Program helps veterans pay for assisted living. Some seniors qualify for Supplemental Security Income or Social Security Disability. You can use these benefits toward assisted living costs. 

The Area Agency on Aging offers information about available programs in your town or county. For example, the Supportive Housing for the Elderly program, also called Supportive Living, provides subsidized rent in supportive housing communities for older adults with limited income in some states.

Many older adults decide to age in place in their current homes. This arrangement is often more affordable than assisted living while allowing you to stay independent. A professional assistant can help you with activities, including cooking and housekeeping, as needed at an hourly or daily rate.