Managing the Cost of Memory Care in Texas

Caring for someone with Alzheimer’s or another form of dementia is a full-time job that can take a toll on your physical and emotional well-being. Whether you are already in this position or expect it in the future, the decision to transition a loved one into memory care is not simple.

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For people living in the Lone Star State, the cost of memory care in Texas is often the first hurdle to cross when considering the options. It comes down to a fine balance between ensuring the right level of care and the expected financial impact.

At Prestonwood Court in Plano, Texas, we understand how families and friends feel when the need for memory care arises – that’s why we believe in transparent pricing. Our team members explain our services and costs to you upfront to help you make informed decisions.

So what does memory care include, and what is the cost in Plano and throughout Texas? We’re here to answer your questions in detail.

Why Memory Care is So Important

According to the Alzheimer’s Association, 400,000 people ages 65 and up live with Alzheimer’s in Texas. One million family caregivers bear the burden of this health crisis, which is projected to rise in the coming years.

Skilled nursing facilities might not provide the ideal environment for people with dementia because the complex medical focus of these settings may unintentionally overshadow the personalized attention they need.

Individuals with cognitive impairment benefit from the home-like atmosphere, highly-trained dementia care team members, and protected environments specifically designed for memory care communities. That kind of targeted support is crucial for individuals facing conditions like Alzheimer’s or dementia.

The importance of memory care lies in its ability to offer a protected, nurturing environment where residents can receive individualized attention, engage in cognitive stimulation, and maintain a higher quality of life.

At Prestonwood Court, the goal of our memory care services is to create a safe, structured space where individuals can maintain a sense of independence while receiving the necessary care.

What the Cost of Memory Care in Texas Includes

Our award-winning memory care community provides these services to our residents:

  • Higher staff-to-resident ratio with nurse oversight
  • Medication administration
  • Activities of daily living (ADLs) and support (bathing, dressing, personal care)
  • Private living space
  • On-site therapy
  • Housekeeping and laundry service
  • Socially supportive environment with activities and special events
  • Memory-enhancing activities in the Pathways Program
  • Chef-prepared meals and snacks
  • Salon services

Based on the specialized amenities and intensive assistance needed, it’s easy to see why the average cost of memory care in Texas is higher than independent or assisted living.

The Average Cost of Memory Care in Texas

As with everywhere else in this country, inflation has impacted the cost of senior living communities. Median memory care prices in Texas increased from $3,607 to $3,763 in TX from 2022 to 2023; experts estimate a future increase of $73 for 2024. That’s a 4.3% increase, which is lower than the average national increase of 10.5 percent. The community’s location also plays a part in the monthly expenses, as certain cities have higher living costs.

Affording Memory Care in Plano, Texas

Paying the cost of memory care in Texas can be challenging for many families, but these resources can help offset the expense:

  • Veteran Benefits: Veterans and their spouses may be eligible for the Aid & Attendance benefit, which can be used towards assisted living costs.
  • Long-Term Care Insurance: This type of insurance is designed specifically to cover long-term care services, including memory care. It often covers things that regular health insurance does not, like assistance with activities of daily living.
  • Medicaid: Texas Health and Human Services administers the state’s Medicaid program for low-income seniors, and those who qualify can receive benefits. Two Medicaid waivers help cover the costs of living in memory care communities:
    •  STAR+PLUS
    • Community First Choice Waiver
  • Other Programs: Other programs and resources are available to lower the cost of assisted living. These include life insurance policies, reverse mortgages, and annuities.

We recommend exploring these options and consulting with a financial advisor or elder law attorney for more information. The senior living experts at Prestonwood Court are also available to help you and your family find ways to pay for long-term memory care.

Talk to Us: We’re Here to Listen

When caring for your loved one at home becomes overwhelming, Prestonwood Court is here to help. Our exceptional memory care community can ease your responsibilities and help you focus on spending quality time with your family member. We’re ready to answer your questions and welcome your loved one home.

Discuss The Cost of Memory Care in Texas With Us!

Contact us to arrange a tour of Prestonwood Court in Plano, TX!

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