Most families pay for assisted living and memory care from private funds first — savings, pensions, Social Security, and home-sale proceeds — then layer in other sources where they qualify.
The main payment sources
- Private pay — the default for most move-ins
- Long-term care insurance — if a policy exists, check its ADL triggers and daily maximums
- VA Aid & Attendance — for eligible wartime veterans and surviving spouses; ask a VA-accredited advisor before spending down assets
- Medicare — does not fund long-term assisted living
What your options depend on
- Monthly budget: what's sustainable now and over the next few years
- Veteran status: wartime service may unlock Aid & Attendance
- Assets and income: savings, home-sale proceeds, pensions, and Social Security that can support private pay
- Care trajectory: budget for tier increases, not just today's quote
How A Place for Seniors advisors help
Tell an A Place for Seniors advisor how you plan to pay and we'll match you to communities that fit — including which local ones work well with VA benefits or long-term care insurance — so you never tour a place you can't sustain.
Your next step
Want options that fit your budget? Take our placement quiz — it takes a few minutes, and an A Place for Seniors advisor follows up at no cost to your family. Or browse communities in Arizona, California, Colorado, Idaho, New Mexico, and Utah.
Related questions
- Does Medicare Cover Assisted Living?
- How Much Does Assisted Living Cost Per Month?
- What's Included in Senior Living Pricing?
Eligibility for benefits varies. Confirm details with a licensed advisor or attorney when needed.