[evoloution]

- Nursing home (NH) is a much higher level of care and if you need it then living in a hotel is not an option. Medicare covers NH so it may be cheaper overall to go there than live in an apartment with your own nursing staff. - Assisted living facilities are closer to living in a hotel and they get (partially?) covered by Medicaid in some states. Prices vary so I don't know how they would compare directly though. One theme that I see more often lately is seniors transferring their assets to their (grand)kids so that they look poor on paper so that they qualify for low cost assisted living/ Medicare and then cost is not a consideration any more.

[trixie_]

Medicaid is last resort, you can’t take care of yourself, nursing home where your social security payment is taken in full to offset the cost to the government.

Assisted living could be covered by Medicaid but there’s usually a waiting list of years for that. Also there is a limit to their care before they send you to a nursing home.

In either case Medicare won’t cover the cost of assisted living, but it will cover some of the cost for inhome care.

[jen_h]

Seniors should be careful about asset transfers — Medicaid has a five year lookback period and can claw back assets from family members.