The American Elder Care Research Org. produces PayingForSeniorCare.com and the Eldercare Financial Resource Locator Tool. Read More

Compare the Benefits of Eldercare Options

Use the chart below to quickly determine the benefits and coverage areas offered by each financial assistance and care option. Benefits may come in the form of cash, reduced costs or in terms of care services covered. Be aware that generalizations have been made in the interest of providing comparisons at a glance.

Comparison Chart of Long Term Senior Care Benefits and Coverage
Government Options	Cash Benefits	Reduced Payments	At Home Care	Adult Day Care	Assisted Living	Skilled Nursing
Social Security	Yes	No	No	No	No	No
Supplemental Security Income	Yes	No	No	No	No	No
Survivors’ Benefits	Yes	No	No	No	No	No
Medicaid	No	Yes	Yes	Yes	Yes	Yes
PACE Programs	No	No	Yes	Yes	No	Yes
Medicare Savings Programs	No	Yes	No	No	No	Some
Government Housing	No	Yes	No	No	No	No
VA Pensions	Yes	No	No	No	No	No
VA Health Care	Some	Yes	Some	Some	Some	Some
CHAMPVA for Life	No	Yes	No	No	No	Some
TRICARE for Life	No	Yes	No	No	No	Some
Cash & Counseling	Yes	No	Yes	No	No	No
Insurance Options	Cash Benefits	Reduced Payments	At Home Care	Adult Day Care	Assisted Living	Skilled Nursing
Life Settlements	Yes	No	No	No	No	No
Accelerated Death Benefits	Yes	No	No	No	No	No
Death Benefit Loans	Yes	No	No	No	No	No
Viatical Settlements	Yes	No	No	No	No	No
Long Term Care Insurance	Yes	Depends	Depends	Depends	Depends	Depends
Medicare	No	No	No	No	No	Some
Medigap	No	Yes	Some	No	No	Some
Other Health Insurance	No	No	Some	No	No	Some
Personal Options	Cash Benefits	Reduced Payments	At Home Care	Adult Day Care	Assisted Living	Skilled Nursing
Senior Care Loans	Yes	No	No	No	No	No
Family / Friends Loans	Yes	No	No	No	No	No
Reverse Mortgages	Yes	No	No	No	No	No
Rex Agreements	Yes	No	No	No	No	No
Equity Key Agreements	Yes	No	No	No	No	No
Home Equity Lines of Credit	Yes	No	No	No	No	No
Non-Profits and Foundations	Cash Benefits	Reduced Payments	At Home Care	Adult Day Care	Assisted Living	Skilled Nursing
Alzheimer's Respite Care	No	Yes	Some	Some	No	No
NFCSP Respite Care	No	Yes	Some	Some	No	No

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