Assisted living facilities are the largest and most popular senior living option across the country. Designed in the early 1980s, assisted living offers elderly residents who cannot live on their own, the opportunity to live as independently as possible, but do not require constant nursing assistance. In general assisted living expenses are paid for through all-inclusive, monthly rent. Senior residents may also receive Medicaid benefits, which will cover some or all of their out-of-pocket expenses. Some facilities offer in-home healthcare options for their senior residents. read more