Some aspects of estate planning may come into play while you are still alive. Since Americans are living longer than ever these days, careful financial planning for old age is important. 

A reality of old age is needing assistance with everyday living tasks like bathing and dressing. Many people assume that Medicare will cover costs associated with assisted living. However, this is not the case. According to, Medicare only covers medically necessary care. 

What is “medically necessary care?”

Medically necessary care is care that relates directly to an injury, surgery or illness. This means that you may qualify for assistance in paying for acute care in the aftermath of any of these instances. However, keep in mind that Medicare does limit this assistance. Medicare will cover your stay in a skilled nursing facility for 20 days. After this, Medicare will split a copay with the patient for 100 days. After the 100th day, Medicare will no longer cover any expenses for this. 

Medicare will also step in and help if you have a degenerative disease. For instance, a person suffering from Parkinson’s disease, Alzheimer’s disease or multiple sclerosis would be eligible for Medicare funding. 

How can I pay for long-term care?

Medicare will not help pay for assistance with everyday living tasks. Depending on your financial situation, Medicaid may be able to help you. If you do not qualify for Medicaid, you will need to pay for long-term care out of your own finances and resources. 

Many people choose to sell their homes in order to move into an assisted living center. If you are a veteran or married to one, you may also be eligible for long-term care assistance.