11 Memory Care Facilities in Wood River, IL
Memory care facilities in Wood River are designed to provide 24/7 skilled care and supervision to seniors with Alzheimer's Disease (AD) or other types of dementia. These communities have specially-trained caregivers to take care of the dementia patients’ daily needs and mental health. In addition, they provide dementia friendly, secure environment to prevent confusion and senior wandering. And to reduce or avoid anxiety, irritation, forgetfulness, and other dementia symptoms, they also offer cognitive exercises and therapies for residents.
Complete Guide to Memory Care
Finding the right memory care facility can be arduous, unlike any other type of senior care. This difficulty is due to the unique circumstances of each memory care resident. BoomersHub is here to help you if your loved one needs dementia care in Wood River. Alzheimer’s care in Wood River incorporates continuous supervision, trained staff, memory care activities and therapies to improve residents’ quality of life. If you’re considering memory care in Wood River, know it’s a safe setting for its residents.
From our 11 memory care facilities in Wood River, we’ll work with you to find the right fit according to your family member’s budget, interests, and care needs. First, explore our listings to compare the amenities, floor plans, and services available at each residence. Then, avail of our advisor service for FREE by calling us at call +(877) 409-0666 or get in touch through info@boomershub.com.
You may also take into consideration Memory Care facilities in nearby cities like: Bethalto, East Alton, Edwardsville, Glen Carbon, Godfrey, Collinsville, Saint Louis.
See The Best Memory Care Facilities around Wood River
Cost of Memory Care in Wood River, IL
According to Genworth Financials' 2021 Cost of Care Survey, the average cost of Memory Care in Wood River comes to around $4810 per month. This is 12% than the national average cost of Memory Care of $5064 per month. And if we compare the price with the Illinois average of $5357, it is just $547 lower
What Are Alternate to Memory Care Senior Care Options in Wood River, IL?
Seniors in Wood River have several care options besides memory care, depending on their care level and medical situation. Regarding assisted living in Wood River, there are many options to select. Similarly, you can search for independent living in Wood River, nursing homes in Wood River, and home care in Wood River to find the best senior care for your needs.
Would you like to get to know more about other care options? Read this article – What are the alternatives to memory care?
How to Pay for Memory Care in Wood River, IL?
Memory support costs in Wood River may exceed that of many other senior care options. Consequently, covering the costs can be difficult for retired individuals and their family members. However, seniors can explore a few advantages and options of payment to finance memory care in Wood River.
Medicaid and Medicare benefits
Every state has its own unique Medicaid program to help financially strapped residents with healthcare-related costs. Additionally, Medicaid covers particular extended care expenses for eligible senior individuals. However, you will need to meet the region-specific requirements to be approved for the Medicaid benefits in Wood River. To finance memory care in [state], the state primarily utilizes HCBS Waivers (Home and Community Based Services). However, this waiver does not pay for the room and board costs in dementia care facilities.
On the contrary, Medicare doesn't cover the expense of assistance for residents of memory care facilities. However, senior citizens can utilize Medicare benefits to pay for approved healthcare requirements in memory care residences in Wood River.
Here you can read a bit more about Medicare benefits for seniors
Veteran benefits (A&A)
The U.S. Department of Veterans Affairs offers veterans VA Aid & Attendance benefits. Verify if you are entitled for them. This pension plan can finance a portion of your memory care costs. Visit the U.S. Department of Veterans Affairs website to attain thorough information.
Read more about: A&A Veteran Benefits
Retirement savings
Retirement funds are pension schemes that older adults can acquire after they retire from work. This pension is a investment account where a fixed amount of money is placed throughout the individual's employment. The senior can withdraw money periodically (monthly or yearly) to cover senior care services.
Reverse mortgage
A reverse mortgage is a financial arrangement. An elderly property owner with considerable home equity can withdraw the price of the property and get funds. The cash can come in the form of a fixed monthly payment, a one-time payout, or a credit line.
Bridge loans
You don't always have enough time to get organized for memory care; there might be a medical urgency, and you have to relocate a dementia patient to the facility. That is when you can consider a non-affiliated bridge loan. Bridge loans assist in paying for your expenses during the surprise transition period. Many senior financial institutions supply bridge loans. You can repay the loan when you've got the cash available; e.g., you may sell a real estate after an emergency. However, a bridge loan is a precarious alternative. It would be preferable if you handled it with care.
Read also: Bridge loans in senior care
Long Term Care Insurance (LTCI)
Long-term care insurance (LTCI) commonly is a phenomenal choice for paying senior living care. However, be careful that not all LTCI policies are identical. And LTCI will not cover all your expenses. So, seek advice from your insurance company and get details beforehand.
Visit our Memory Care Illinois page to find more information.
Would you like to have broader knowledge about memory care financial assistance? Please read this article – How to pay for memory care?
Rules and Regulations for Memory Care in Wood River
Wood River memory care communities have to abide by a comprehensive set of rules and regulations implemented by Illinois. These regulations are to ensure that the facilities are adequately trained to care for seniors. For instance, the memory care communities in Wood River go through highest level of training and education for the caregivers. This helps develop caregivers to be skilled and professional while efficiently helping seniors with their daily needs. Visit our Illinois memory care page to find more information on the state-specific rules and regulations.
Additional Memory Care Resources for Seniors in Wood River
Multiple government and non-profit agencies work with each other in Wood River to provide residents with more facilities. These services help seniors better and healthier lifestyle in Wood River. Depending on the Wood River resources, they can include free meal delivery services, utility billing programs, medical programs, and others. Find out the available free resources for retired elderlies from the memory care Illinois page.
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