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Ask the Expert: Assisted living help

Financial help is more available for nursing homes

Photo credit: iStock | Financial help is more available for nursing homes or at-home care expenses than for assisted living.

Health

I'm 83 years old and I live in an assisted living facility that costs $4,235 per month. My monthly Social Security benefit is $1,069. I have about $250,000 in the bank and Medicare is my only insurance. I'm very worried about what will happen when I run out of money. Will I be eligible for any assistance so I can stay here?

 

If you ran out of money tomorrow you'd qualify for financial...

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