5 Memory Care Facilities in Olive Branch, MS
Memory care facilities in Olive Branch 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 Olive Branch. Alzheimer’s care in Olive Branch incorporates continuous supervision, trained staff, memory care activities and therapies to improve residents’ quality of life. If you’re considering memory care in Olive Branch, know it’s a safe setting for its residents.
From our 5 memory care facilities in Olive Branch, 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: Germantown, Southaven.
See The Best Memory Care Facilities around Olive Branch
Cost of Memory Care in Olive Branch, MS
According to Genworth Financials' 2021 Cost of Care Survey, the average cost of Memory Care in Olive Branch comes to around $5141 per month. This is 28% than the national average cost of Memory Care of $5064 per month. And if we compare the price with the Mississippi average of $5034, it is similar
What Are Alternate to Memory Care Senior Care Options in Olive Branch, MS?
Seniors in Olive Branch have several care options besides memory care, depending on their care level and medical conditions. Regarding assisted living in Olive Branch, there are diverse choices to select. Similarly, you can search for independent living in Olive Branch, nursing homes in Olive Branch, and home care in Olive Branch to find the best care type for your requirements.
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 Olive Branch, MS?
Memory support costs in Olive Branch may be higher than many other senior care options. Consequently, covering the costs can be demanding for senior residents and their family members. However, the retirees can explore a few benefits and options of payment to finance memory care in Olive Branch.
Medicaid and Medicare benefits
Every state has its own unique Medicaid program to help financially strapped residents with healthcare-related expenses. Moreover, Medicaid covers certain extended care bills for eligible senior individuals. Nonetheless, you will need to satisfy the region-specific requirements to be approved for the Medicaid coverage in Olive Branch. To cover memory care in [state], the state mainly utilizes HCBS Waivers (Home and Community Based Services). However, this waiver does not finance the room and board costs in dementia care residences.
On the contrary, Medicare doesn't cover the price of assistance for residents of memory care communities. However, retirees can utilize Medicare benefits to finance approved healthcare requirements in memory care residences in Olive Branch.
Here you can read a bit more about Medicare benefits for seniors
Veteran benefits (A&A)
The U.S. Department of Veterans Affairs grants veterans VA Aid & Attendance benefits. Check if you are entitled for them. This benefit can support a segment of your memory care expenses. Visit the U.S. Department of Veterans Affairs website to attain comprehensive information.
Read more about: A&A Veteran Benefits
Retirement savings
Retirement funds are retirement income that older adults can get after they retire from employment. This pension is a savings plan where a designated amount of money is deposited throughout the individual's employment. The pensioner can withdraw money periodically (monthly or yearly) to finance senior care amenities.
Reverse mortgage
A reverse mortgage is a equity release program. An elderly home dweller with significant home equity can withdraw the value of their property and obtain funds. The cash can come in the form of a fixed monthly payment, a lump sum, 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 think about a independent bridge loan. Bridge loans aid in paying for your expenses during the unexpected transition period. Many senior monetary services offer bridge loans. You can settle the loan when you've got the cash available; e.g., you might sell a land after an emergency. However, a bridge loan is a precarious option. It would be preferable if you managed it with prudence.
Read also: Bridge loans in senior care
Long Term Care Insurance (LTCI)
Long-term care insurance (LTCI) frequently is a excellent resource for covering senior living care. However, be careful that not all LTCI policies are equal. And LTCI will not cover all your bills. So, seek advice from your insurance company and get details prior.
Visit our Memory Care Mississippi 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 Olive Branch
Olive Branch memory care communities are required to follow a exclusive protocols and regulations implemented by Mississippi. These regulations are to ensure that the facilities are adequately trained to care for seniors. For instance, the memory care homes in Olive Branch go through extensive training and education for the caregivers. This helps develop caregivers to be adept and professional while helping seniors with their daily needs. Visit our Mississippi memory care page to find more information on the state-specific rules and regulations.
Additional Memory Care Resources for Seniors in Olive Branch
Multiple government and non-profit agencies work together in Olive Branch to provide retired individuals with more services. These services help seniors enjoy an improved quality of life in Olive Branch. Subject to the Olive Branch resources, they can include free meal delivery services, utility billing programs, medical programs, and others. Find out the available free resources for elderly individuals from the memory care Mississippi page.
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