Cost of Memory Care

Cocoandcoop · March 23

I read yesterday that Memory Care is $115,000 a year. How can anyone afford that??!! and what are the alternatives?

SDianeL · March 24

welcome. Cost varies by location. I would find a Certified Elder Care Attorney who can best explain options for your specific situation. There are trusts and Medicaid options that the attorney could explain to you. There are Veteran benefits if the person qualifies. Come here often to ask questions and for support.

Carl46 · March 24

It's about $85,000 p.a. in SW Missouri, but I'm sure it's more elsewhere. Some people have that much money, most don't. If you are one of those who don't, because you didn't buy long term care insurance and aren't a millionaire, there is Medicaid. Or you could try a Gofundme page.

BethL · March 24

I was caregiver for my mom with dementia. She never went to Memory Care. She went from Assisted Living to a SNF (nursing home). In my state, Medicaid does not cover AL or MC but it does cover SNF for qualified ($$) individuals. The differences among states is one good reason to speak with a CELA who can guide you. For her, (she passed 7 years ago), AL was about $5000/month and SNF around $8000/month.

jfkoc · March 24

That amount is certainly at the top end and 5K per month would be a bargain. The alternatives is continuing placement in the home with outside care coming in.

You can not count much on Medicaid. Some states fund little of the cost and Medicare funds none.

Note: good facilities are very hard to find!!!

White Crane · March 24

Hi Cocoandcoop and welcome to the forum. I placed my DH in MC a little over a year ago and he is now on Medicaid. We live in NW Missouri and the cost for his care is $212 a day which comes to over $6,000 a month or $72,000 a year. I paid for his care for eight months until he could qualify for Medicaid. I contacted a certified eldercare attorney who guided me through the entire process. Her expertise was invaluable. Each states Medicaid rules are different so it's hard to say what your state might require. To find a CELA, go to nelf.org.

Brenda

upstateAnn · March 25

Welcome to America. And watch the proposed changes to Medicaid if you are on it. I love my congressman who has been a champion for us. He tweeted out that tax cuts should not come at the expense of Alzheimer’s patients and their caregivers. Start contacting your congresspeople and folks on the committees that oversee Medicare now! Do not get angry at me for,pbeing “political.” Standing up for you and your loved one is a necessity now!

Russinator · March 25

I'm with upstateAnn

jfkoc · March 25

I too stand with Ann but we do need to remember that health care is never free. Countries like Sweden (I think) taxes are very high.

sandwichone123 · March 26

Our health insurance premiums are very high.

howdoidothis · March 26

https://alzconnected.org/discussion/comment/239252#Comment_239252

Taxes are high, but that’s instead of paying for your own insurance or having it tied to employment.

ImMaggieMae · March 26

https://alzconnected.org/discussion/comment/239249#Comment_239249

I too am with upstateAnn. Things are changing very quickly now.

H1235 · March 27

We put mom in Al having been told by Al that they accept Medicaid. Turns out they accept it but family has to pay the balance. I started looking at Al facilities that truly accept Medicaid and it was not good. One place had as many cats as residents. Another was dirty and run down. I have found a nice nursing home, but it’s really too soon for a nursing home, she belongs in Al. I’m told she should meet the nursing home requirements, but if she doesn’t then what? Spending down to 2,000(asset limit in my state), and just cross my fingers and hope it works out. That’s not even taking into account all the political stuff happening. Scary stuff. I am so stressed!

Cost of Memory Care

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