Finding the Right Memory Care Community

When it comes to finding the right memory care community for your loved one, questions about the costs and services provided may come to mind. But, memory care communities offer a range of services, some of which might be more important to your loved one than others.

Licensed assisted living communities with special routines and trained caregivers designed to prove the safe care that persons with a diagnosis of dementia require. Levels of care vary greatly with each community.

Pricing is all private and will range from $3000-10,000 per month.

The Cost of Alzheimer’s Care

  • The cost of caring for Alzheimer’s patients in the U.S. is estimated to be $236 billion in 2016. (Alzheimer’s Association)
  • The global cost of Alzheimer’s and dementia is estimated to be $605 billion, which is equivalent to 1% of the entire world’s gross domestic product.
  • Medicare and Medicaid are expected to pay $154 billion in 2015 for health care, long-term care and hospice for people with Alzheimer’s and other dementias.

Aggregate Cost of Care by Payer for Americans Age 65 and Older with Alzheimer‘s Disease and Other Dementias:

  • Medicare= $113 Billion
  • Medicaid= $41 Billion
  • Out of pocket= $44 Billion
  • Other= $29 Billion

Alzheimer’s Statistics

  • Worldwide, nearly 44 million people have Alzheimer’s or related dementia. (Alzheimer’s Disease International)
  • Only 1-in-4 people with Alzheimer’s disease have been diagnosed.
    (Alzheimer’s Disease International)
  • Alzheimer’s and dementia is most common in Western Europe.
    (North America is close behind)
  • Alzheimer’s is least prevalent in Sub-Saharan Africa.
    (Alzheimer’s Disease International)
  • Alzheimer’s and other dementias are the top cause of disabilities in later life.

Hiring a Private Caregiver

Families are often concerned about the costs involved in hiring a caregiver through an in-home care agency, and look to other resources such as finding private caregivers to provide care for their loved one. Understandably, cost is a factor in decision-making. However, what most families do not realize are the hidden costs and responsibilities they now bear as a result…

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Waiting for a Crisis

Families are often concerned about the costs involved in hiring a caregiver through an in-home care agency, and look to other resources such as finding private caregivers to provide care for their loved one. Understandably, cost is a factor in decision-making. However, what most families do not realize are the hidden costs and responsibilities they now bear as a result…

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Dispelling the Nursing Home Myth for Long Term Care

Most seniors will never need to go to a nursing home.” A Nursing Home, (aka skilled nursing facility or SNF) is for seniors who have a skilled medical need requiring round the clock medical supervision. Your loved one may need to be in a skilled nursing facility if he or she requires regular physical or occupational therapy, is recovering from…

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Who Pays for Senior Care?

There are many myths surrounding the cost of care for senior and who is going to pay for it. I hope this information will help clarify some of your questions. Medicare Medical insurance for people over 65. Like medical insurance, it covers doctors visits, hospital care, short term rehabilitation services, and care, hospice, and drugs – any costs related to…

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