Senior Care Costs

All seniors in the U.S. receive Medicare health insurance at age 65. Here is Caregiverlist's overview of senior care costs and ways to pay for long-term care needs.

Get Care Costs Near You

Caregiverlist Care Cost Index

• Senior Home Care: $15-$25 per hour for hourly care and $150-$350 per day for 24-hour live-in care. Submit a request for costs and services of senior home care agencies near you and review our quality standards.

• Nursing Home Facility: $180-$400 per day with a variety of additional fees for beauty salon services, special meals and activities. View Caregiverlist Nursing Home Star Ratings and Costs.

• Assisted Living Community: $4,000 per month + additional fees for meals, special services and activities + additional cost for private duty caregiver services. View our Assisted Living Community Checklist.

• Continuing Care Retirement Community: $250,000 down payment on average + $4,000 monthly rental fee.

Ways to Pay for Care

• Medicare: Reimburses for up to 100 days in a nursing home per stay. Medicare does not pay for long-term care needs, only short-term care for rehabilitation and recovery. View an overview of Medicare's benefits.

• Private-pay: If you have money saved to pay for care yourself, you will be able to privately pay for care services in your home or in a senior care community.

• Long-term Care Insurance: Provides payment for care services in a senior's home or in a nursing facility. Long-term care insurance can be purchased at any age, with pricing connected to your age and health. View an overview of long-term care insurance.

• Reverse Mortgage: If you own your home, you may qualify for a reverse mortgage where you receive a monthly payment which you may use for care services. View an overview of reverse mortgages.

• Veteran's Aid & Attendance Benefit: U.S.A. Veterans of a war will qualify for the Veteran's Aid & Attendance benefit which provides for a private caregiver to assist with care needs in the home. View Veteran's Aid & Attendance benefit information and application.

• Medicaid: Low-income seniors with few assets (usually around $2,000), qualify for Medicaid insurance. This program is administered by each state and qualifications and benefits vary by state. View Medicaid qualifications and benefits in your state.