Assisted living facilities provide support to seniors while maintaining their independence. Over 81,000 Americans reside in such facilities, but cost remains a concern.
The average monthly cost for assisted living in the US is around $4,300, but it varies based on location and care needs.
Medicare doesn't cover long-term care in assisted living, though certain medical services might be covered in specific cases.
Alternatives for financing assisted living include long-term care insurance, Medicaid for low-income individuals, personal savings, and veterans' benefits.
It's crucial to carefully consider financial options and eligibility criteria for a sustainable assisted living plan.