How to Pay for the Care You Need

Resources for figuring out how to cover elder care costs

Challenged with how to pay for elder care services for you or a loved one? The following online resources can help you figure out how you may be able to cover these costs.

1. Managed by the U.S. Department of Health & Human Services, this website can help you answer questions about:

  • The costs of long-term care.

  • Disability and health insurance and how they may or may not pay for long-term care.

  • Long-term care insurance and what it covers, when coverage begins, how to shop for it, where to look for it and what the costs are.

  • How you may be able to use life insurance to pay for long-term care through Combination (Life/Long-Term Care) Products, Accelerated Death Benefits or ADBs, life settlements or viatical settlements.

  • How to pay privately for services through reverse mortgages, annuities and trusts.


2. Run by the federal government, this website is a single source of benefit information set up to help citizens understand which federal benefit programs they may be eligible for and how to apply. Based on the answers you provide, the website’s Benefit Finder can generate benefits you may be eligible for, including health and medical cost assistance.


3. The National Council on Aging online BenefitsCheckUp can help you find federal and state benefit programs that may help your family pay for health care, medications, family caregiver support, respite care and more.


4. Through this website, the National Institute on Aging offers options to consider when facing paying for long-term care including:

  • Personal funds such as personal savings, pensions or other retirement funds, income from investments in stocks and bonds and proceeds from the sale of a home.

  • Government programs and assistance offered through the Centers for Medicare & Medicaid Services, Medicare, Medicaid, Programs of All-Inclusive Care for the Elderly (PACEs), State Health Insurance Assistance Programs, the U.S. Dept. of Veterans Affairs and Social Security.

  • Private funding options such as long-term care insurance, reverse mortgages, life insurance, annuities and trusts.

More about Medicare

Learn more about Medicare in our dedicated article.

 Community Resources

Use the internet to search for local councils on aging, area agencies on aging, Veterans Affairs contacts and other resources that might be able to assist with care costs.