Memory care is a more expensive than options like assisted living in a residential community. This is because the level of care, attention, and amenities needed are different for both services. Alzheimer’s, dementia, and other cognitive challenges affect prices in these communities.
However, below are other factors that impact the cost of living with cognitive complications in these communities:
How Much Does Memory Care Cost?
The cost of managing Alzheimer’s and dementia is different for individuals. The stage and progression of the condition determine the level of care that would be needed. Preferences with respect to amenities and other services also affect the cost of living in a memory care community.
According to data from A place for mom, the median cost of memory care in the United State is around $5,430 a month. It is higher when compared to the cost of assisted living, however affordable than a nursing home. These prices also differ according to state, in South Carolina, the average cost is $4,415. While it is more than $8,400, states like Alabama enjoy a lower cost of around $4,410.
What Does This Price Cover
The fees mentioned above cover services like housing, meals, personal care, and therapies to enhance memory. Other things these communities’ guarantees are a secured environment and the opportunity to interact with other residents.
- Personal care: This is 24-hour care to assist your loved ones with activities such as bathing, grooming, and other activities associated with their daily sustainability. The center maintains a low occupancy rate; therefore the resident will be effectively supervised. To further reduce stress levels, members in these communities also help with house maintenance and other landscaping activities.
- Medication Management: Older adults with memory complications struggle with medications. Team members in memory care communities help with medication reminders.
- Emergency monitoring: It is not uncommon for older adults to wander around. These centers have a system to ensure your loved ones stay safe in case of wandering.
- Meal: Nutritious meals are provided throughout the day. In addition, your loved ones enjoy a meal plan to improve their condition.
- Activities: Your loved ones will have the opportunity to engage in memory-stimulating activities individually or in groups.
- Transportation: With scheduled transportation, your loved ones don’t have to miss appointments.
Factor That Determines the Cost of Memory Care
- Level of Care and service: This is the same with other options, the level of care your loved one need will significantly affect their cost of living in these communities. Assistance with activities like eating, bathing, and dressing also affects the price.
- Suite Type: There are different suites in these communities, this includes single rooms, larger suites, and shared rooms. The choice of your loved ones will determine what they will pay. Your loved ones can reduce costs by sharing a room or live a 2-bedroom suite. Although, this might be out of option for people with dementia.
- Medical Support: Physical and cognitive therapy usually increases the cost of living in these communities. Although, this condition can be covered by Medicare.
- State: Cost is different for each state as they provide different services. In addition, staffing regulations and other legal factors affect costs in each state.
- Geographic Location: The location of the community can significantly affect the cost of monthly living in these communities. What causes this is mainly real estate economics. Memory care centers in urban areas are less affordable than centers in suburban areas.
