Memory Care communities have trained, qualified and compassionate professionals who are there to help and support residents living with Alzheimer’s disease and other forms of dementia. According to the Alzheimer’s Impact Movement, Alzheimer’s disease is the most expensive disease in America, costing more than heart disease and cancer. Caring for people with dementia is estimated… Continue reading How To Pay for Memory Care: Top Tips for Families
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Tips for Funding Senior Living Expenses
Even the most well-planned retirement can take a hit with senior living expenses. Long-term care services are expensive, and the cost of quality senior living care is expected to increase. According to Genworth’s 2021 Cost of Care Survey, you can expect to pay anywhere from $61,776 annually to $108,405 annually for senior living expenses. Your… Continue reading Tips for Funding Senior Living Expenses
How Memory Care Enriches the Lives of Its Residents
You’re not alone if you’re struggling to care for a loved one living with dementia. Did you know that 48% of family caregivers care for an older adult with some form of dementia? According to the World Health Organization, more than 55 million people live with dementia worldwide. Watching a loved one suffer from dementia… Continue reading How Memory Care Enriches the Lives of Its Residents
Understanding the Cost of Senior Care
With 70% of adults aged 65 and older eventually needing senior care and 20% requiring senior care for longer than five years, it’s essential to be prepared for senior care expenses. Preparing for senior care costs in advance is advisable. However, this is not always the case, and many families are unprepared for the costs… Continue reading Understanding the Cost of Senior Care
Questions to Ask to Find the Best Memory Care Community for Your Loved One
According to the CDC, 34% of residents in long-term care communities have Alzheimer’s disease and other forms of dementia. Once you have recognized the signs that it’s time for memory care, choosing a memory care community for a loved one is a significant decision. This is an emotional and overwhelming time, and finding a memory care… Continue reading Questions to Ask to Find the Best Memory Care Community for Your Loved One
Insurance Options for Paying for Senior Living
The expense of retirement to a senior living community can often be the biggest drain on your finances. According to Genworth’s Cost of Care Survey, the median cost of assisted living and nursing home communities in the Worcester area is $5,685 per month. You may already have various insurance policies but haven’t considered that they… Continue reading Insurance Options for Paying for Senior Living
When Is It Time for Memory Care?
Having a loved one diagnosed with dementia can be both scary and overwhelming. First, know you’re not alone. According to the World Health Organization, more than 55 million people are living with dementia. Managing the care of a loved one with dementia and knowing when to ask for help is difficult for many families. Memory… Continue reading When Is It Time for Memory Care?
The VA Aid and Attendance Benefit and How It Can Help Pay for Senior Living
If you’re a U.S. armed forces Veteran, you’ve probably taken advantage of many of the benefits available from the U.S. Department of Veterans Affairs (VA). However, many Veterans are unaware of a significant benefit that can help pay the costs of senior living expenses for veterans and their spouses. You never know when an illness… Continue reading The VA Aid and Attendance Benefit and How It Can Help Pay for Senior Living
What is Memory Care?
Caring for a senior with memory loss is difficult. If you’re looking for help for a loved one with memory loss you’re not alone. According to The World Health Organization, more than 55 million people are living with dementia. Memory care is a type of long-term residential care designed for seniors with memory loss, Alzheimer’s… Continue reading What is Memory Care?
Funding Sources for Senior Care and Housing
Paying for future senior care and housing expenses are a legitimate and significant concern for older adults. The U.S. Department of Health and Human Services reports that adults aged 65 and older have nearly a 70% chance of requiring long-term care services in their remaining years. In addition, the costs of health care and long-term… Continue reading Funding Sources for Senior Care and Housing