You can pay with a long-term care insurance plan, Veterans Aid & Attendance, Medicaid (if eligible), by selling an asset such as a house, by paying out of pocket from investment or pension returns, by receiving assistance from friends and family members, or by some combination thereof. It is not uncommon for adult children to help their parents by paying 15-20% of the monthly costs of senior living. Senior living can be expensive, but there are several options to pay for care.