A relatively new alternative to at-home care for a dementia patient is opting for memory care facilities in San Mateo CA.
These facilities are termed residential communities properly equipped to take care of people with dementia. As the number of people who need dementia care keeps growing, the demand for memory care facilities skyrockets. Demand for memory care facilities still surpasses supply. For this reason, it can be difficult to find and enroll your loved one in memory care, especially if you don’t reside in major cities.
Since this is a specialized form of treatment, expect to pay more than other forms of eldercare. Rest assured that your loved one will be properly cared for and given personalized attention. So before paying for memory care, here are a few pointers to note.
How Much is the Memory Care Cost?
Because it’s specialized, people pay more for memory care than regular care. In this case, staff members in memory care facilities in San Mateo CA undergo regular training in order to deliver quality care and personalized service. They usually have one of the best staff to resident ratio.
It is however important to note that the cost of memory care varies based on location. The good news is that most rates are all-inclusive and there are no hidden fees. Additional services attract extra fees. So weigh the options you have and choose the memory care that not only fits your budget but also your needs.
What are your funding sources? How do you intend to source money to cover these costs? As you already know, Alzheimer’s’ disease can last for as many years as possible. In this case, you need to consult with a financial planner with experience in eldercare and you draw up the map to save you money in the end.
Some of the sources of funds worth exploring include savings, bonds, pensions, and stocks just to name a few. There are other valuables if liquidated that can cover the cost of memory care and these include antiques, classic cars, artwork, jewelry, or collections. At this time, these valuables are better off liquidated as they will serve a better purpose. However, before liquidating assets be sure to seek advice from a professional lawyer.
Explore Veteran’s Benefits
If the aged individual who wants to sign up for memory care served in the active military, naval, or air service dutifully and diligently, then you can take advantage of veteran’s benefits. The benefits gotten can be used to cover the cost of memory care. These aids might come from various bodies and programs including the Veterans Aid and Attendance benefits – a specially designed program for disabled vets who are in need -, and the Veteran Community Residential Care Program. The good thing about the former program is that the disability doesn’t have to happen while the individual was actively serving in the military, hence allowing Alzheimer’s patient to apply.