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Fortune
Fortune
Liz Seegert

Does Medicare pay for assisted living? Understand what's covered and your other options

(Credit: Getty Images)

Although nearly all older adults hope to age in their own homes or communities, sometimes, added services and supports may be needed. Many turn to assisted living as an option. 

Assisted living can be expensive, since almost everything must be paid for out of pocket. Costs average $4,500 per month nationally and can easily top $6,800 monthly in some cities. However, if you or a loved one are thinking about a move, there are a few ways you can make the most of this transition.

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