Compare Benefits & Care

Use the chart below to quickly determine the benefits and coverage areas offered by each financial assistance and care option. Benefits may come in the form of cash, reduced costs or in terms of care services covered. Be aware that generalizations have been made in the interest of providing comparisons at a glance and that state specific programs are not included here.

Comparison Chart of Long Term Senior Care Benefits and Coverage
Government Options Cash
Benefits		 Reduced
Payments		 At Home
Care		 Adult Day
Care		 Assisted
Living		 Skilled
Nursing
Social Security Yes No No No No No
Supplemental Security Income Yes No No No No No
Survivors’ Benefits Yes No No No No No
Medicaid No Yes Yes Yes Yes Yes
PACE Programs No No Yes Yes No Yes
Medicare Savings Programs No Yes No No No Some
Government Housing No Yes No No No No
Cash & Counseling Yes No Yes Some Some No
SSI State Supplements Yes No No No No No
LIHEAP – Aid for Energy Cost No Yes No No No No
Lifespan Respite Care No Yes Yes Some No No
Medical Expense Tax Deductions No Yes No No No No
Elderly and Disabled Tax Credit No Yes No No No No
Federal Elderly Care Tax Credit No Yes No No No No
State Elderly Care Tax Credit No Yes No No No No
Veterans Options Cash
Benefits		 Reduced
Payments		 At Home
Care		 Adult Day
Care		 Assisted
Living		 Skilled
Nursing
VA Pensions Yes No No No No No
VA Health Care Some Yes Some Some Some Some
CHAMPVA for Life No Yes No No No Some
TRICARE for Life No Yes No No No Some
VA Respite Care No Yes Yes No No No
VD-HCBS No No Yes Yes Some No
Insurance Options Cash
Benefits		 Reduced
Payments		 At Home
Care		 Adult Day
Care		 Assisted
Living		 Skilled
Nursing
Life Settlements Yes No No No No No
Accelerated Death Benefits Yes No No No No No
Death Benefit Loans Yes No No No No No
Viatical Settlements Yes No No No No No
Long Term Care Insurance Yes Depends Depends Depends Depends Depends
Medicare No No Some No No Some
Medigap No Yes Some No No Some
Other Health Insurance No No Some No No Some
Personal Options Cash
Benefits		 Reduced
Payments		 At Home
Care		 Adult Day
Care		 Assisted
Living		 Skilled
Nursing
Senior Care Loans Yes No No No No No
Reverse Mortgages Yes No No No No No
Rex Agreements Yes No No No No No
Equity Key Agreements Yes No No No No No
Home Equity Lines of Credit Yes No No No No No
Non-Profits and Foundations Cash
Benefits		 Reduced
Payments		 At Home
Care		 Adult Day
Care		 Assisted
Living		 Skilled
Nursing
Alzheimer’s Respite Care No Yes Some Some No No
NFCSP Respite Care No Yes Some Some No No
Leukemia & Lymphoma Aid Some Some No No No No
CFAC: Cancer Assistance Some Some No No No No
Cancer Co-Pay Assistance Some Some No No No No
Financial Aid for Kidney Patients Some Some No No No No