Does long-term care insurance cover assisted living?

Usually yes. A comprehensive long-term care policy covers assisted living facilities — as well as memory care, nursing homes, and home care — paying up to your chosen daily or monthly benefit.

National median assisted-living cost is roughly $74,400 a year (2025), so your benefit amount and any inflation protection determine how much of that the policy covers. The facility typically must be licensed and meet the policy's definition of an assisted-living or residential-care facility.

Assisted living was a newer care setting, so some older policies did not include it — worth checking on an existing policy.

General information only. This is educational and not insurance, legal, tax, or financial advice. Rules and products vary and change — confirm the specifics with a licensed professional.