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The American Elder Care Research Org. produces PayingForSeniorCare.com and the Eldercare Financial Resource Locator Tool. Read More
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Common Misperceptions about Long Term Care

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Medicare – Many people assume Medicare will pay for assisted living, Alzheimer's / dementia and other long term care.  It does not. At best, Medicare will help with short term skilled nursing. Read more about Medicare’s Long Term Care benefits.

 

Social Security Disability Insurance (SSDI) - SSDI is not an option for seniors, rather it is a program designed for those younger than 67 years old. Read more about SSDI here.

 

Older Americans Act - This act provides funding, to state and local agencies called Area Agencies on Aging (AAAs) that offer a range of services that came help seniors remain in their homes longer such as meal services. It does not provide money for long term care to individuals. For more information visit the Eldercare.gov website.

 

Fannie Mae Home Keeper Reverse Mortgages – This program was discontinued on September 3 2008. Other similar home equity conversion programs still exist; click reverse mortgages for more information.
 
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