With costs of memory care facilities in Texas generally ranging from $1,196 to $12,477 per month, the average annual cost runs around $61,291.
One in nine people age 65 and older has Alzheimer's disease. By mid-century, someone in the United States will develop the disease every 33 seconds. These numbers will escalate rapidly in coming years, as the baby boom generation has begun to reach age 65 and beyond, the age range of greatest risk of Alzheimer's.
By 2050, the number of people age 65 and older with Alzheimer's disease may nearly triple, from 5.2 million to a projected 13.8 million, barring the development of medical breakthroughs to prevent or cure the disease. Previous estimates based on high range projections of population growth provided by the U.S. Census suggest that this number may be as high as 16 million.
It is expected an estimated 10 million baby boomers will develop Alzheimer's. Of those who reach the age of 85, nearly one in two will get it. And because there is no way to prevent, cure or even slow the progression of the disease, every one of these 10 million baby boomers will either die with Alzheimer's or from it.
For families with a loved one diagnosed with Alzheimer's related dementia's certified Alzheimer's care centers provides a safe and pleasing home environment. These specialized Memory Care Communities are designed exclusively for individuals diagnosed with Alzheimer's disease and other types of memory impairments.
Ways to Help Pay
for Alzheimer's Care
Alzheimer's care can be extremely expensive. With costs of memory care facilities in Texas generally ranging from $1,196 to $12,477 per month, the average annual cost runs around $61,291.
It's important to know what to expect and what resources are available to you. Care for a person with Alzheimer's is broken down into two categories each with different sources of payment.
Medical expenses are usually paid separately from the non-medical services that are needed to make it possible for someone with Alzheimer's to live at home as long as possible.
People with Alzheimer's
disease require regular medical care as well as some special care
that might include medications or other interventions. Medical
services are often covered under medical insurance (either Medicare
or private health insurance). It may be important to examine the
health coverage to determine the extent of coverage limitations or
co-pays and deductibles.
Medicare covers inpatient hospital care and some of the doctors' fees and other medical items for people with Alzheimer's or dementia who are age 65 or older. Medicare Part D also covers many prescription drugs. Medicare will pay for up to 100 days of skilled nursing home care under limited circumstances. However, custodial long-term nursing home care is not covered.
Medicare will pay for hospice care delivered in the home, a nursing facility or an inpatient hospice facility for people with dementia who are determined by a doctor to be near the end of life.
Private Health Insurance
If the person with Alzheimer's has private health insurance it is important to contact the insurer and learn what lifetime maximums or other limitations you may encounter. Knowing what you are covered for in advance will help avoid surprises when coverage is denied.
Long-term care refers to a set of services and supports for activities of daily living such as dressing, bathing, eating and moving around. Medicare does not generally pay for long-term care and Medicaid is only available under specific circumstances.
Almost half of the formal long-term care provided in the U.S. is paid for out-of-pocket. While not every person with Alzheimer's disease needs long-term care, it is important to develop a plan because it can be very expensive.
Medicaid is a state/federal program that pays for long-term care services. The program is administered by each state so eligibility criteria and services may differ from one state to another. It is important to learn what the rules are in your state. Each state also provides a somewhat different set of services. Nursing homes are always covered but coverage for in-home services varies.
Longtermcare.gov provides an overview of the Medicaid program and a link to state-based Medicaid resources.
Programs for Veterans with Alzheimer's Disease
Elder Options of Texas
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DISCLAIMER: Links to other websites or references to products, services or publications do not imply the endorsement or approval of such websites, products, services or publications by Elder Options of Texas. The determination of the need for senior care services and the choice of a facility is an extremely important decision. Please make your own independent investigation.