Return to Knowledge Base

Will Medicare or Medicaid help cover any of the costs of a retirement community?

In most cases, Medicare or Medicaid will not help cover costs of a retirement community. Though there are important distinctions.

• Medicare does not cover independent living or assisted living costs. It may cover short-term, medically necessary skilled nursing or rehabilitation following a hospital stay, under specific conditions.
• Medicaid generally does not cover independent living. In some states, it may help with certain long-term skilled nursing costs for those who qualify financially and medically, but it does not cover entrance fees or most monthly living expenses.

CCRCs like Acts Retirement-Life Communities allow residents to plan ahead and enjoy predictable costs, housing, services, and access to care. The value lies in having a long-term plan in place—rather than relying on public programs that offer limited coverage.

Retirees are always encouraged to review their financial options carefully and ask questions early, so there are no surprises later. Read tips on how to choose a retirement community and what questions to ask when touring a campus.