3 Ways to Help You Pay for Long-Term Nursing Home Care

3 Ways to Help You Pay for Long-Term Nursing Home Care

The cost of nursing homes can range widely, from $3,000 per month up to $10,000 per month and more. How much a nursing home charges depends on geographic location, staffing levels, any specialty care offered, and size and quality of the physical facility. A facility with a special wing for Alzheimer's/dementia residents, for example, might charge more for that special care. Also, when you discuss fees with a facility, ask how often, and by how much, those fees have gone up in recent years, to get an idea of what you can expect in the coming years.

Note: Skilled nursing/rehabilitation care is different. The nursing home care discussed here is long-term, nonmedical residential care for someone who can no longer live on his or her own. That's different from acute, short-term skilled nursing or rehabilitation care that usually follows a hospitalization or a specific injury or severe illness. That kind of acute care is provided only at specially licensed skilled nursing or rehabilitation facilities and generally is paid for through Medicare and other health insurance. (Some long-term care nursing homes listed in this directory also have skilled nursing or rehabilitation wings.)

Learn more about some of the options that might be available to help pay for your loved one's long-term nursing home costs:

Public benefit programs | Private insurance options | Personal and family assets

You might also be interested in assisted living, which generally costs from $2,000 to $5,000 per month. Assisted living offers your loved one the benefits of community living and support for Activities of Daily Living (ADLs), though it's not ideal for someone who needs significant medical assistance. Find out more about how to pay for assisted living