How Much Will Memory Care Cost Families in 2015?

Of the long-term care costs that families may have to budget for, memory care is one of the costliest care types available, second only to nursing homes. The reason for this is often because seniors with Alzheimer’s or dementia require higher levels of care due to the behavioral, emotional or physical changes that this disease leaves in its wake. For this reason, communities often have a separate, secured neighborhood for residents requiring memory care or even specially designed communities which only care for seniors with Alzheimer’s or dementia.They will also advertise that staff are specifically trained in Alzheimer’s care, whether through an company-specific training program or the Alzheimer’s Association’s CARES® Dementia Care training program.

Yet when it comes to finding the costs of much memory care, this pricing information isn’t readily available to families. The annual Genworth Financial Cost of Care Survey doesn’t include the cost of memory care, and while families can use the cost of assisted living as a starting point, the out-of-pocket cost is several thousand dollars more per month. And the actual monthly cost is known only after an assessment is conducted to determine the level of care a future resident will require upon joining the community.

To aid families in budgeting the cost of memory care for a loved one, has compiled a state-by-state comparison. These costs were calculated based upon the pricing which our clients provide to us and what is displayed on a community’s profile. To find the cost of care in your state, visit our recently updated 2015 Memory Care Community Costs:  Facts and Figures.

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