What Is the Average Monthly Cost for Memory Care?
According to Human & Health Services, Iowa is home to over 66,000 seniors with Alzheimer's and other forms of dementia.
When you've got a loved one experiencing cognitive decline, you can either care for them yourself or find them help. Memory care communities are available across the state to provide residential care for those dealing with Alzheimer's.
Choosing memory care can be a huge help and relief to everyone involved. That said, it costs money. Many people wonder, "What is the average monthly cost for memory care?"
Understanding dementia care monthly costs is crucial to budgeting for this helpful service. Today, we'll give you a memory care cost guide that gives you an idea of assisted living memory care expenses. Keep reading to understand memory care on a more in-depth level.
How Memory Care Supports Seniors
Memory care is a specialized form of senior living tailored to assist individuals with Alzheimer's.
As these conditions advance, seniors often need a structured environment and caregivers who are well-versed in their unique challenges. Memory care communities provide customized care to ensure residents achieve the best possible quality of life.
Daily Life in Memory Care
Memory care residents follow a structured daily schedule designed to minimize symptoms and maximize comfort. Activities, whether it's music therapy or light physical exercise, help stimulate cognitive function.
Residents also receive assistance with necessities like dressing and bathing. This ensures they maintain their dignity and overall well-being.
Advantages of Memory Care
Memory care gives countless advantages that can significantly enhance the lives of seniors. Here are a few of the ways that it benefits those with Alzheimer's and dementia, as well as their families.
Customized Care
All memory care residents receive a custom care plan. These are developed based on the resident's preferences and their condition's trajectory. Taking a tailored approach to care ensures residents are getting what they need at whatever stage they're at.
Safety and Protection
Memory care communities prioritize resident safety. They have secure entrances/exits, and staff are present 24/7 to manage wandering and other behaviors that could harm patients.
An emphasis on safety not only protects residents but it provides assurances to family members. They can rest easy knowing their loved ones are safe and sound.
Engaging Activities
Daily activities are central to assisted living with memory care. They're mostly geared towards helping residents manage their symptoms. Things like art therapy, games, and puzzles are great for this.
Activities are also meant to stimulate a healthy lifestyle. Whether it's yoga or a walk around the community grounds, they're able to get the 150 minutes per week they need to avoid common age-related health problems.
Balanced Meals
Good nutrition is essential for all seniors, regardless of their cognitive state. Memory care communities provide tasty and nutritious meals that meet the dietary needs and restrictions of residents. Getting the proper nutrients helps them avoid illnesses like diabetes and heart disease.
Increased Social Interaction
Social isolation is a major issue among senior populations. It can lead to depression and anxiety but can also worsen dementia symptoms.
Memory care communities ensure social engagement is a priority. Through shared meals and daily activities, residents are encouraged to interact with their peers.
Emotional Support for Families
It's no secret that caring for someone with dementia can be emotionally taxing. Memory care communities support caregivers and family members by alleviating their duties.
When families know their loved one is receiving the support they need, there's peace of mind. Staff are also great at providing guidance to families navigating the complex challenges of Alzheimer's.
What Is the Average Monthly Cost for Memory Care?
Memory care costs vary based on countless factors, like the community's amenities and the level of care needed. Below, we've given you a short breakdown of the costs that come with memory care.
Monthly Fees
All memory care communities charge a monthly fee. This accounts for things like housing and food, as well as the care the resident is receiving.
The community must charge for utilities and staff, which make up a big chunk of the operating cost. If there are amenities in the community, they'll need to pay for operation and upkeep.
Part of the monthly fee will go towards paying for these essential things. On average, the monthly rate for memory care ranges from $4,000 to $7,000.
Additional Service Costs
Dementia is a condition that tends to progress over time. Additional care services may be necessary as this happens, including mobility assistance or more in-depth daily support. These extra services are charged by tiers, depending on the level of care needed.
Specialized Programs and Activities
If the community offers any special programs or activities to enhance the quality of life for residents, they'll cost extra. This might include trips outside the community or bringing specialists (yoga teachers, art therapy instructors, etc.) into the community.
Strategies for Financing Memory Care
If these costs are overwhelming you, don't worry. Paying for memory care can be a challenge for many, but there are also strategies to help families manage the expenses with ease.
Save for Memory Care
Planning ahead is crucial. Families can set up a dedicated savings account specifically for future memory care expenses. Regular contributions to this account can help ensure funds are available when needed.
Long-Term Care Insurance
Long-term care insurance can be a valuable resource for covering memory care costs. Policies vary, so it's important to review the coverage details carefully.
Financial Help for Memory Care
Various financial aid programs can help families afford memory care. These can include things like government programs and veterans' benefits. Researching and applying for these programs can provide essential financial relief.
Choose Addington Place of Burlington for Memory Care
What is the average monthly cost for memory care?
It's not a simple answer, unfortunately. As you can see, senior care pricing depends on many factors that only you can determine. The main priority should always be finding your loved one the best possible care to manage their complex condition.
For those in Burlington, Addington Place is the answer to your memory care needs. We offer excellent memory care services with amenities and activities to give your loved one a high standard of living. Don't hesitate to contact us today to book your tour and see our community for yourself.