Comment by evoloution

- Nursing home (NH) is a much higher level of care and if you need it then living in a hotel is not an option. Medicare covers NH so it may be cheaper overall to go there than live in an apartment with your own nursing staff. - Assisted living facilities are closer to living in a hotel and they get (partially?) covered by Medicaid in some states. Prices vary so I don't know how they would compare directly though. One theme that I see more often lately is seniors transferring their assets to their (grand)kids so that they look poor on paper so that they qualify for low cost assisted living/ Medicare and then cost is not a consideration any more.