How Can I Pay for Nursing Home Care? Is Long-Term Care Insurance a Good Option?

While Medicare covers hospital care, doctor services and medical supplies for seniors admitted to nursing homes, it doesn’t cover the cost of the stay. This reality can leave seniors in need of nursing home care to make tough financial choices. There are several ways for Hawaii kupuna to pay for nursing home care, including long-term care insurance. We will take a look at some of the options in this article.

How Can I Pay for Nursing Home Care?


There are a few ways to pay for nursing home care.


Income and personal resources


Most people start out paying out-of-pocket for nursing home care and this generally continues until resources are depleted.


Examples of income and personal resources used to pay for nursing home care are:

  • Pension checks

  • Social security payments

  • Life insurance policies

  • Savings accounts

  • Retirement account income