Memory Care Costs in 2024

Memory care costs vary by state and facility, and there are several ways to pay for care.

Taylor Shuman Taylor Shuman Senior Tech Expert & Editor
Dr. Abby Altman Dr. Abby Altman Geropsychologist

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Memory care costs are a significant financial consideration. In other words, this essential care doesn’t come cheap. The median cost for memory care in the U.S. is $6,935 per month.2 However, this can fluctuate based on the level of care required and location. Facilities dedicated to memory care offer 24/7 supervision for all stages of Alzheimer’s and other types of dementia.

Untrained, unpaid family members often have to shoulder the burden since there is no known cure for Alzheimer’s disease. According to the Alzheimer’s Foundation, friends and family members paid over $271 billion in unpaid care to those with Alzheimer’s and other forms of dementia in 2021. Although they do all they can to care for their loved ones, caregiving can become overwhelming. Family caregivers often realize they can’t do it alone as they cope with difficult circumstances – oftentimes, with very little sleep and little to no respite.

Navigating memory care costs for a loved one can feel daunting. Memory care is more intensive than other types of senior care, such as assisted living, but not as medically intensive as a nursing home or skilled nursing care. Memory care requires continuous supervision and specialized infrastructure to manage issues like elopement.

With that in mind, let's delve deeper into the landscape of memory care costs.

Expert Insights
From Geropsychologist Dr. Abby Altman, Ph.D
Drawing from my experience with patients and working in long-term care, I've found that memory care facilities can be invaluable for providing specialized support to individuals with dementia. These facilities offer structured activities and consistent daily routines that enhance residents' quality of life, ensuring their safety and promoting cognitive engagement. While the costs can be high and sometimes prohibitive, many families consider it an worthy investment in their loved ones' well-being and personal peace of mind.
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Median Memory Care Cost

Memory care costs run higher than many other types of senior care, such as assisted living and adult day care, because of the specialized nature of memory care. The costs of memory care can differ significantly across states. Individuals in the mild to moderate stages of dementia can live within the general population of an assisted living community until the need for supervision becomes too great. However, as the disease progresses to its mid or late stages, they may need to move to a nursing home, a memory care community, or a skilled nursing care facility. Memory care communities come in many forms: a secured section within an assisted living community or an independent facility focusing solely on memory care. These communities prioritize the safety and well-being of residents, which is evident in their infrastructure and services.

Key features of memory care facilities include:

  • Enhanced supervision: Memory care units are designed to offer continuous supervision, often 24/7, ensuring residents are safe and well-attended.
  • Robust security measures: These units are fortified with advanced security features. These include extra cameras in communal areas, secure entry and exit points, and safely enclosed outdoor spaces to deter wandering — a common concern for individuals with dementia. Cameras and security can also offer a family peace of mind, as they know their loved ones are treated respectfully.
  • Specialized staffing: The staff-to-resident ratio in memory care units is typically higher than in standard care facilities. Moreover, the staff undergoes specialized training to adeptly handle the unique challenges of residents with memory issues, such as impulsivity and diminished safety awareness.
  • Structured environment: Routine is paramount in memory care facilities. Predictable schedules help residents feel more at ease and reduce confusion.
  • Facility features: Unlike standard assisted living rooms, rooms in memory care units typically exclude kitchens, prioritizing the safety of residents. Standard accessibility measures, like wheelchair accessibility, are still in place.
  • Tailored activities: Activities are curated specifically for individuals with memory impairments, ensuring they are engaged and stimulated in a manner benefiting their condition.
Expert Insights
From Geropsychologist Dr. Abby Altman, Ph.D
Expert Insights
From Geropsychologist Dr. Abby Altman, Ph.D
Tailored activities might include reminiscence therapy with old photographs and music, art sessions for creative expression, and sensory stimulation through activities like aromatherapy. These activities aim to stimulate cognitive function, promote social interaction, and provide residents with comfort and engagement.[/expert_examined.

When evaluating memory care costs, it's crucial to understand the comprehensive and specialized care these costs include. This specialized care ensures that individuals with dementia receive the best possible care tailored to their unique needs.

Memory Care Costs by State

Memory care costs vary widely from state to state. Check the following chart to determine your state’s estimated median cost of memory care.1

State Median monthly cost (2024)
Alabama $5,095
Alaska $5,000
Arizona $6,000
Arkansas $5,500
California $6,260
Colorado $6,400
Connecticut $8,000
Delaware $7,704
District of Columbia $8,743
Florida $5,295
Georgia $4,600
Hawaii $9,900
Idaho $5,600
Illinois $6,950
Indiana $5,761
Iowa $6,298
Kansas $6,824
Kentucky $5,260
Louisiana $4,720
Maine $9,670
Maryland $7,500
Massachusetts $8,500
Michigan $6,000
Minnesota $7,250
Mississippi $4,830
Missouri $6,345
Montana $7,685
Nebraska $6,708
Nevada $6,797
New Hampshire $8,850
New Jersey $8,498
New Mexico $4,703
New York $7,720
North Carolina $6,347
North Dakota $6,555
Ohio $5,995
Oklahoma $5,938
Oregon $7,504
Pennsylvania $6,425
Rhode Island $6,700
South Carolina $4,687
South Dakota $3,210
Tennessee $5,388
Texas $5,980
Utah $4,600
Vermont $10,370
Virginia $6,435
Washington $7,633
West Virginia $5,808
Wisconsin $6,865
Wyoming $4,025

Daily Memory Care Costs

Memory care costs can vary significantly by state and chosen facility. In 2024, the daily memory care costs by state ranged from $83 to $403, while the national median was around $181 per day.

Monthly Memory Care Costs

When examining memory care costs every month, the figures can vary widely depending on the state. For instance, in Georgia, the median monthly cost is at the lower end of the spectrum at $2,500. In Washington D.C., it reaches a staggering $12,090. The median monthly memory care cost hovers around $5,000 nationwide. Memory care provided to those living among the general population of an assisted living community typically costs less each month than care at a facility focused solely on memory loss.

Annual Memory Care Costs

Yearly memory care costs range from $30,000 in Georgia to $145,080 in Washington, D.C. – the national median cost is around $65,000 per year. Families need to be prepared for these costs, particularly because they will likely increase year after year.

Interested in a more detailed breakdown of memory care costs? The Genworth Cost of Care Survey has been helping families map out long-term care costs since 2004. This invaluable tool aids families in anticipating and planning for the financial demands of long-term care.

They have created a cost of care calculator that allows you to select a state and see the cost of various types of care. The calculator lets you see daily, monthly, and yearly costs by state, plus projections of future costs through the year 2071. There is even a tool to help factor in inflation!

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How to Pay for Memory Care Costs

Memory care costs typically need to be covered using private funds unless care is provided in a skilled nursing community. In other words, there are medically intensive care needs other than dementia. Below, we’ll look at paying for memory care costs.

Does Medicare Cover Memory Care Costs?

Medicare, unfortunately, doesn’t cover memory care costs when care is provided at an assisted living facility or a dedicated memory care community. There are exceptions, however. Medicare might cover care costs under specific conditions, often limited to 100 days for skilled nursing care. For instance, inpatient hospital care that meets certain criteria, select medical items, and some doctor consultations fall under Medicare's coverage. Additionally, many prescription drugs are covered by Medicare Part D. When a dementia patient enters hospice care, Medicare often covers most, if not all, care costs.

To learn about more specifics concerning Medicare coverage, see Medicare's website. Also, read more about Medicare eligibility, Medicare costs, and caregiver resources. Medicare special-needs plans (SNPs) are available for persons with dementia. SNPs are Medicare Advantage plans specializing in care for beneficiaries with dementia.

Medicare special-needs plans (SNPs) are available for persons with dementia. SNPs are Medicare Advantage plans specializing in care for beneficiaries with dementia.

Does Medicaid Cover Memory Care Costs?

Medicaid offers health care coverage to qualifying older adults, those with disabilities, and other groups. Some long-term care costs are covered in facilities that accept Medicaid. However, it's essential to note that facilities that offer Medicaid beds often have a limited number of them, and memory care communities accept Medicaid less frequently than other senior care facilities. As Medicaid funding is a collaboration between individual states and the federal government, the coverage details can vary by state.

For low-income seniors, the Program of All-Inclusive Care for the Elderly (PACE) might cover some adult day care costs. This program is a joint partnership between Medicare and Medicaid.

Before qualifying for Medicaid, there's a “spend down” requirement. However, for asset protection, a spousal protection rule is in place, though the specifics vary by state.

Pro Tip:

Pro Tip: You can find out more specifics about Medicaid benefits at Medicaid.gov. If you don’t think you qualify for Medicaid, consider looking into this legal loophole.

Are Memory Care Costs Tax Deductible?

Memory care costs may qualify as deductible medical expenses, provided they meet IRS criteria. In certain scenarios, the entire cost might be tax-deductible with a written assessment signed by a doctor stating the level of care required.

For clarity on tax implications related to memory care costs, consulting someone well-versed in local tax laws and elder care is crucial.

Is Memory Care Worth the Cost?

Below, Dr. Altman discusses her experience with memory care and why it is worth the cost for many families.

“I remember working with ‘John,’ who was struggling with moderate-plus stage dementia. His wife and children were doing everything they could, but managing his needs at home was getting harder. He was wandering and trying to exit their home and falling a lot, which led to safety concerns and increased agitation.

After many discussions, they decided to move ‘John’ to a memory care facility. The cost was a big concern — over $6,500 a month where they lived — but they ultimately felt it was the right move. The facility provided constant supervision, engaging activities tailored for dementia patients, a structured routine and a secure environment to prevent wandering.

A few months in, ‘John’ seemed more at ease. He was less anxious and agitated and more engaged with his surroundings. Although still worried about the costs, his family found comfort in knowing he was in good hands. They enjoyed their visits more, focusing on spending quality time with him rather than being worn-out caregivers.

I worked for many years in nursing homes and memory care units, but frequent stories like these reinforce for me how beneficial memory care facilities can be. They are a good option for families facing the challenges of dementia, offering specialized care and much-needed support.”

More Tips Concerning Memory Care Costs

Navigating memory care costs can be challenging. Here are some strategies and resources to consider:

1. Veterans' Benefits for Memory Care Costs

If you or your loved one served in the military, don't overlook the potential benefits available through the U.S. Department of Veterans Affairs. Programs like the Community Residential Care program and the Aid and Attendance program can offer financial assistance. Surviving spouses might also be eligible for certain benefits. Call Veterans Affairs at (800) 698-2411 for guidance and more information.

2. Understand What’s Included in Memory Care Costs

Most costs are included with standard care, but additional services might incur extra charges. Consider consulting a geriatric care manager to ensure you make the most informed decision. They can guide you to the most suitable care options in your area. You can also use the Eldercare Locator to find a geriatric care manager. Fortunately, the best place for you or your loved one doesn't have to be the most expensive.

3. Property Liquidation to Fund Memory Care Costs

Some families finance memory care costs by selling or renting out the senior's property. While reverse mortgages might seem viable, they might not be the best choice for a surviving spouse who needs care. Consult an elder-law attorney or elder care-savvy financial planner before finalizing any plans you have concerning the liquidation of a property, including a reverse mortgage.

4. Asset Liquidation for Memory Care Costs

Selling some of the senior's valuable assets is another avenue to explore. Items like jewelry, artwork, antiques, and other collectibles can be sold to help cover memory care expenses. A senior move manager can offer guidance on the best way to liquidate these assets, ensuring you get the best value.

5. Early Consultation with Experts

Engaging with an elder law attorney or a financial planner specializing in senior care early in the process can be beneficial. Their expertise can help you navigate memory care costs more efficiently, potentially saving you money in the long run.

Citations
  1. Alzheimer Association. (2023). Alzheimer's Disease Facts and Figures.

  2. Alzheimer's News Today. (2023). Alzheimer’s Disease Statistics.

Written By:
Taylor Shuman
Senior Tech Expert & Editor
As SeniorLiving.org’s tech expert and editor, Taylor has years of experience reviewing products and services for seniors. She is passionate about breaking down stigmas related to seniors and technology. She loves finding innovative ways to teach seniors about products and… Learn More About Taylor Shuman
Reviewed By:
Dr. Abby Altman
Geropsychologist
Dr. Abby Altman works as an Associate Psychologist at Brigham and Women’s Hospital. Her clinical work is focused on older adults and evidence-based psychotherapy. Every day she is honored to participate in her clients’ health-related treatment, whether the focus is… Learn More About Dr. Abby Altman
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