What is the average monthly cost for memory care?
If you have an elderly parent with Alzheimer’s dementia or MCI (mild cognitive impairment), you may be wondering how memory care services can help. Memory care is a category of care designed to assist older adults with memory issues. Elderly people with Alzheimer’s or dementia can benefit greatly from memory care services, but the costs can add up fast. When considering memory care services, it’s important that you take account of what is offered, and how much it will all end up costing you…..
In this article, we attempt to shed some light on this topic.
Key takeaways
- Memory care services offer essential support for elderly people with Alzheimer’s disease or dementia, providing an essential service for elderly people struggling with memory-related issues.
- The average cost of memory care for seniors can vary depending on both the level of service provided and how it is provided (in-person v’s virtual).
What is memory care for seniors?
Memory care is traditionally defined as residential care for elderly people living with dementia or Alzheimer’s disease. If you are unable to take care of your loved one with memory issues, many people consider a residential memory care service. With the advent of technology, however, some have also started relying on AI-powered companion care services to support their loved ones struggling with memory-related problems. One such service is Eve.
What is the average monthly cost for memory care?
If you’re looking for memory care for your elderly parents, take the time to choose the right option and make sure to inquire about in-home dementia care costs. In-home memory care can be quite expensive, often ranging from $6,000 to $7,000 per month for traditional services.
For those seeking more affordable options, virtual companion care services such as Eve offer a cost-effective solution that most families can afford. For just $30 per month, Eve provides virtual companionship and support to people with memory issues. Eve’s virtual platform provides cognitive engagement, daily health check-ins, medication reminders and companionship, making it an excellent choice for families who need help, but can’t afford the high costs associated with traditional in-home care.
When does your loved one need memory care?
| Forgetfulness | Forgetfulness related to medication is one of the most common memory issues among older adults. If your loved one is experiencing this, memory care services may be a helpful option. |
| Social isolation | Social isolation can worsen mental health issues significantly. If you’re unable to care for a loved one due to work commitments or other reasons, memory care services can provide additional support. |
How Does Memory Care Help Elderly People?
Eve is not designed to replace human companionship, but rather to provide a valuable supplement for families looking for a budget-friendly way to enhance the well-being of their loved ones. With the right support and care, you can ensure your loved one receives the care they need in a supportive, compassionate environment.
Focus on Cognitive Engagement
In recent years, more people have started using virtual companion care services for elderly parents who struggle with memory issues. Companions play a crucial role in keeping memory care patients mentally active and engaged. AI-powered companions like Eve engage older adults not only with conversation but also with memory-boosting games and other activities to support cognitive health.
Social Engagement
Social isolation can often worsen the condition of memory care patients. Eve can speak on a variety of subjects that your loved one is interested in, providing much-needed social engagement and mental stimulation.
Routine Reminders
Memory care patients often need help with daily reminders. Companion care services can send reminders to elderly individuals, helping them avoid missing medications, for example. In addition to reminders, services like Eve also offer daily health check-ins to track the well-being of elderly people.
Final Thoughts
In home memory care cost is a significant consideration for many families. On average, you can expect to pay between $30 and $40 per hour for this type of care. However, if you choose Eve as a virtual companion for your loved one, it will cost just $30 per month.
For more information, visit https://iameve.ai/