If you’ve been diagnosed with Alzheimer’s, are nearing this stage in life, or maybe have a loved one
affected by this, then you may be wondering how to afford memory care.
The cost of Memory care can range from $2000 to $5000 in most Facilities. So it can be a bit demanding.
There may also be a way for you to stay in your home and still receive the level of care that best suits your needs;
however, it will require careful planning and financial management.
Here are some tips to help you along the way:
Locate sources for additional income.
Look for a second job.
Sell things you don’t use anymore.
Look for free and low-cost services in your area: There are many resources available to
people who can’t afford memory care.
You may be able to find a local agency that offers free or low-cost services, such as respite care, transportation and companionship (such as home health aides), homemaking assistance or financial assistance to help pay for those services.
Lease a room or apartment to help pay for care:
Leasing a room or apartment to help pay for care is a great option for people who can’t afford memory care. It’s important to look for a place that is affordable, because it will take away some of the stress when you don’t have
enough money in your budget.
If possible, find out if the facility is close to where your loved one lives and work so they aren’t traveling long distances every day. This will also save them time and money on transportation costs.
Make your move early.
If you can, move your loved one with Alzheimer’s to a memory care home as soon as you see
the first signs of memory loss.
This will help avoid having to pay for expensive nursing homes later on and it will also save you from having to find a place for them later if they can’t stay in your home.
It’s always best if people with dementia are living among other people so that they’re around others who understand what’s happening and who can help out when needed.
If moving early isn’t possible then there are still ways that families can save money
on their loved ones’ care without going broke
Medicaid coverage may be available if you live in certain states (get more information here)
. Some states even offer assistance programs specifically designed for families dealing with someone living with Alzheimer’s Disease.
These programs allow qualified individuals access free or low-cost counseling services from qualified therapists across multiple disciplines such as social work/counseling professionals who specialize in working with families impacted by these diseases.
In the end, you may find that you can afford memory care if you plan ahead, stretch your income and
make the most of what you have.
We hope this article has helped you find useful tips to help fund for Memory care for your loved one.
If you need more information about how to find a facility, or about the options available in your area,
call us today at (832) 282-7363 or book a free session with our experts . We’re here to help!