Cost of Memory Care

An Affordable Option

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One of the biggest questions many families have when it comes to memory care is the cost. Because medical resources and support are often involved, it’s natural to feel concerned that retirement savings, money from selling a home, or Medicaid may not be enough to live comfortably, especially as dementia or Alzheimer’s progresses. 

Fortunately, memory care can be a very affordable option, especially if you keep in mind that it’s replacing many everyday costs you may not have considered before. With that in mind, let’s take a look at what’s really involved in your total.

Your loved one’s specific cost will vary depending on the community you choose, living space, and care needs. But no matter what your choices, be sure to remember that our pricing includes these:

  • Care services — most likely, you may have been paying a home health aide or agency for support
  • Housekeeping and maintenance —you may have been outsourcing to cleaning services, contractors, and lawn companies 
  • Fitness activities — you might have been paying a specialized trainer to address mobility concerns 
  • Transportation — arranging transport to appointments, therapy, and for errands may have included a hired car service, or at the very least, gas and vehicle maintenance
  • Dining — this includes groceries, as well as restaurant outings, and grocery delivery services, and all of those can add up quickly
  • Utilities and home costs — from electricity and heating to larger home projects like roof replacements or major repairs, it can be expensive to keep a home in good shape
  • Security — to ensure that help would arrive if you had a medical emergency like a fall, you may have been paying an on-call service

When you factor in all the included services and amenities, your monthly costs may not increase by much, and you get a wealth of benefits in return. 

At Five Star, we understand that cost is a concern, and of course families want to feel comfortable financially as they ensure the physical and emotional health of their loved ones. Talk with us about financial solutions and strategies that can make a difference when it comes to affordability. 

Sami Bryant

Five Star Senior Living Lifestyle360 Director Sami Bryant shares her story of how she began her career of helping others.

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Five Star offers options and excellence, with 260 senior living communities in 33 states.