The costs associated with caring for someone with Alzheimer’s or dementia can be surprisingly high.
After considering the cost of medications, incontinence supplies, time to transport someone to appointments, hiring help at home or moving to an assisted living facility – it isn’t uncommon for caregivers or family members to feel overwhelmed. Many wonder how they will provide quality care for their loved with the limited time and available funds.
While the cost and need for Alzheimer’s care isn’t expected to decrease, planning ahead and utilizing available resources case help ease the burden.
The Alzheimer’s Association website is an excellent place to start. Their planning tools help you consider employee benefits, government assistance, retirement benefits and more.
Explore What Insurance Will Pay For:
Carefully review your insurance handbook and reach out to your benefits coordinator who may be able to help uncover hidden benefits, or prevent a surprise bill later.
Medicare and many insurance plans will typically cover some costs for prescriptions, annual wellness visits and health risk assessments, some medical equipment, health workers/help in your home, skilled nursing home care in certain circumstances, some medical equipment and assisted living.
If Caring For Someone At Home
Ask friends and neighbors to help by running errands, or caring for your loved one once a week to give you a break without the added cost of hiring help.
Consider reaching out to local churches or houses of worship. They may have people looking to volunteer and help in the community by helping in your home, with yard work, delivering meals or other household necessities.
Plan As Early As Possible
If your loved one was recently diagnosed now is the time to plan. Get personal finances and assets in order, look at available savings – even consider the value of their home. Most want to stay in their home for as long as possible, but downsizing or selling a property can be an option to pay for long-term care.
There will probably come a point when care at home isn’t enough and moving to a residential facility becomes necessary. Even though most caregivers find it a hard subject to discuss, it is important to research residential care options early, even if you don’t think you will need them for months or years to come.
Waiting to research residential options, or how to pay for them, until there is a crisis situation can result in settling for a community or limiting your choices. Many residential care facilities have waiting lists, and looking for an immediate placement means you might have take what you can get.
Making a choice too quickly could mean settling on a community that isn’t what you had in mind, is outside your budget, too far from home, or just not a community you feel comfortable with.
Tour several residential care facilities early, even before you need them. When you find one right for you, and in your budget, get on the wait list if possible. In most cases if a room becomes available and you aren’t ready to move in, you can remain on the waiting list and have the community contact you when the next room becomes available.
Most assisted living and memory care communities require a deposit to secure a spot on the waiting list. These amounts vary so make sure you fully understand the deposit amount and the refund policy. In most cases, deposit amounts are refundable if you end up not needing residential care.
About The Memory Centers
The Memory Center communities in Richmond, Virginia Beach and Johns Creek provide exceptional care for those living with Alzheimer’s and other forms of dementia. Founded as the first assisted living facilities devoted specifically to memory care, our program is designed to meet the challenging conditions of an aging brain with a caring, interactive community.
Our custom programs and activities are designed to inspire purpose, validate actions and invigorate while providing the highest quality of life for residents. Functional and fun are key components of our activities – and we encourage family members and spouses to take an active role in their loved one’s care or join us for daily activities.