Most people don’t have enough money to pay for all long-term care costs on their own, especially ongoing or expensive services like a nursing home. Often, they rely on a combination of resources to pay for care. These may include:

  • personal funds
  • government health insurance programs, such as Medicare and Medicaid
  • private health insurance plans
  • private financing options, such as long-term care insurance, life insurance policies, and reverse mortgages.