Assisted Living
Housing for people who need help with daily tasks but not round-the-clock medical care.
What You Need to Know
Assisted living facilities provide meals, housekeeping, medication reminders, and help with ADLs like bathing or dressing. They cost less than nursing homes and are a common destination for long-term care insurance benefits.
Sources & References
This information is sourced from authoritative government and academic institutions:
- longtermcare.acl.gov
https://longtermcare.acl.gov/the-basics/where-is-care-provided.html
Related Calculators & Tools
Put your knowledge into action with these interactive tools:
Related Terms in Healthcare & Insurance
ADLs (Activities of Daily Living)
Six basic self-care tasks—like bathing and dressing—that determine long-term care eligibility.
Any Occupation
Disability coverage that only pays benefits if you cannot work in any reasonable job based on your experience and education.
Beneficiary
The person, trust, or organization that receives the life insurance payout.
Benefit Period
How long your disability insurance will pay benefits once a qualifying claim is approved.
Cash Value
The savings component inside certain permanent life insurance policies.
DIME Method
A rule of thumb for estimating life insurance needs: Debt, Income, Mortgage, Education.