Alert
Close

Think you know AARP? What you don’t know about us may surprise you. Discover all the ‘Real Possibilities’

Most
Popular

Viewed

Take Charge of Your Future

Paying for Long-Term Care

Learn the basics about who covers what

State programs and services can help you stay in your home by providing home-delivered meals, transportation and housekeeping chores. Contact Eldercare.gov to find out what's available near you.

Faith-based groups and health-related organizations also offer similar services, as well as support groups and people who drop by for a friendly visit. Call your place of worship and contact the local chapter of organizations such as the American Diabetes Association or the Alzheimer's Association.

Long-term care insurance is specifically designed to cover some of the costs — but do your homework because long-term care insurance is not the right option for everyone. People with limited incomes, or people whose incomes will be significantly lower after retirement, might not be able to afford the cost of insurance premiums over a long period of time. Compare a number of policies from different insurers, read the details and ask your insurance agent a lot of questions. In his column about whether long-term care insurance is right for you, AARP financial expert Jonathan Pond discusses what options to consider before purchasing insurance.

A reverse mortgage lets you tap into your home's equity to pay for long-term care. You do not have to pay back this loan as long as you continue to live in your home. These agreements can also be complicated, so be sure to have your financial adviser review the plan. Go to AARP's reverse mortgage page for additional information and expert advice. 

Another option for some people is a Continuing Care Retirement Community (CCRC). These communities provide supportive housing, assisted living and nursing care on one campus. Some CCRCs offer a life care agreement: You pay a large entry fee in addition to a regular monthly fee. As your needs increase, you start to receive more care, but your monthly fee stays about the same. Here, too, review the contract carefully with a trusted financial or legal adviser. AARP expert Elinor Ginzler offers several tips on housing options in "Which Type of Housing Is Best for You?"

You may also like: Take Charge of Your Future.

Topic Alerts

You can get weekly email alerts on the topics below. Just click “Follow.”

Manage Alerts

Processing

Please wait...

progress bar, please wait

Tell Us WhatYou Think

Please leave your comment below.

Caregiving
Resource Center

Find tools, work sheets and tips on how to plan, prepare and succeed as a caregiver. Select a Caregiving Resource Center topic from the drop-down menu below.

Discounts & Benefits

From companies that meet the high standards of service and quality set by AARP.

Prescription medication spilling out of bottle

Members get a free Rx discount card from AARP® Prescription Discounts provided by Catamaran.

Woman trying on glasses in optometrists shop

Members save up to 60% on eye exams from Sears Optical.

membership schwanns discount

Members get double Schwan’s rewards on all online orders from Schwan's Home Service™.

Caregiving walking

Caregiving can be a lonely journey, but AARP offers resources that can help.