Older adults in the U.S. express concerns about the healthcare system, with 56% finding it difficult to navigate and stressful. 62% believe health insurance plans offer too many confusing choices. Misinformation about health care coverage is widespread.

Many believe Medicare will cover long-term stays in nursing homes, but it does not. A study found that 70% of adults will need Long-Term Services and Supports (LTSS) before they die, with those with fewer financial resources more likely to require this care.

Moving a loved one to an assisted living facility can be costly. The median cost is nearly $6,100 a month. Long-term care insurance can help cover these costs, offering coverage for in-home assistance, nursing homes, or assisted living facilities.

Medicaid generally does not cover room and board costs at assisted living facilities. However, some facilities may accept Medicaid Home and Community-Based Service Waivers. Nonprofit or church-affiliated facilities may also offer support.

Commercial real estate can provide higher potential returns than residential real estate. First National Realty Partners allows accredited investors to diversify their portfolios through grocery-anchored commercial properties, without the responsibilities of being a landlord.

It is important to plan ahead for future care costs for aging loved ones. Discussing power of attorney and investing for retirement can help prepare for the financial challenges that may arise.

Read more at Yahoo Finance: My mom is on Social Security and needs assisted living, but can’t afford any non-Medicaid options. What else can we do?