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How Much Does Memory Care Cost?

 

When it becomes difficult to care for a family member with memory loss at home, caregivers need to consider other options. Alzheimer’s care and other forms of dementia care in a full-service senior living community can provide round-the-clock, specialized care in a safe environment. Meals, activities, therapies, and personal care are structured around an individual’s needs, with staff specially trained to deal with unique issues that arise as memory loss progresses.

To get a good idea of the cost of memory care in your geographic area, you’ll need to do a little research.  Working through your own budget to see what you can afford will be the first step. Next, you’ll need to decide which memory care communities might be right for your family member, learn about what they provide and how much it will cost. This basic information will allow you to narrow down which communities you should visit in person.

This blog post provides tools and tips that will help you quickly assess the cost of memory care for your family member with dementia.

Happy senior man talking to his daughter

Understand Your Finances

The high level of care and supervision in memory care puts it among the more expensive senior living options. How much can you afford? You won’t know until you’ve worked through your own budget to see what you’d be comfortable spending each month on memory care costs.

Enlist the help of a trusted family member or talk with a financial planning expert to crunch the numbers with you. There are many qualified professionals for you to choose from if you don’t have someone providing this service for you already.

Senior woman looking at memory care options with her daughter

Calculating the Cost of Memory Care

For a rough idea of care costs in your area, you can use the Genworth Cost of Care Survey tool. Put in your ZIP code and you’ll see a breakdown of assisted living and nursing care averages. Memory care will add approximately $1000 to $4000 more a month, depending on the level of care that’s needed. 

Part of your decision-making process will include evaluating memory care services and amenities that are the best fit for your loved one. At The Ridge, people are paramount to us — we’re inspired by those we serve. We strive to offer gentle, insightful care in a homelike setting; a private suite/studio, welcoming common spaces, restaurant-style dining, and the expertise of a highly skilled team trained in compassionate care for people with all stages of Alzheimer’s and other forms of dementia.

Our online cost calculator provides a simple and effective way to get the hard numbers behind memory care costs in our communities. Just follow the on-screen instructions, and the tool will automatically do the calculation for you. Your information is kept confidential and not stored; it’s only used to help compare your current costs with the estimated cost of The Ridge.

 Use this link to try the cost comparison calculator for a Ridge community of your choice. The memory communities at The Ridge can tell you exactly what you need to know about our pricing and services. We can help you avoid any negative financial surprises from memory care costs.

Happy senior couple looking at memory care options

Memory Care That Cares for Families

If you have questions about how your loved one’s life will change after moving into memory care, there are many great resources that can help you. The Ridge senior living community can provide you with answers, including a checklist that ensures your loved one will receive the kind of care and comfort they need. You can also learn what memory care is like and how best to transition Mom or Dad to a memory care community.

Caring for a loved one with dementia is rewarding and gives you precious time with them. But when they need a higher level of care that you can’t physically provide, we’re here. We’ve helped many families navigate this emotional and challenging journey, and we encourage you to reach out to us to help figure out all your options. Schedule a visit to one of our communities to see the advantages of our memory care.