Can I get financial help to pay for assisted living?

It is important to think about the long-term future when you enter an assisted living facility, and how long you think your financial resources will last. You may be eligible for financial assistance through the Medicaid Waiver Program if you are aged, blind or disabled and meet program guidelines. However, not all facilities are certified.

If you think you may want to apply for the Medicaid Waiver (either upon entry into a facility or later when your own resources run out), you should find out if the facility is a Waiver provider. Also, all services may not be the same for residents assisted by the Medicaid Waiver. For example, the facility may allow you fewer choices of living units if you are assisted by the Medicaid Waiver. It is important to find out about any differences before you move in, so you are not unhappy later.

For more information about the Medicaid Waiver Program, contact your local Area Agency on Aging office, which can be found on the back cover of this guide.

Assisted living care may also be covered under a long-term care insurance policy. Ask your insurance agent about what is specifically covered in your policy, if you are unsure. There may be important limitations you should know about in your policy.