44 Memory Care Facilities in Franklin Lakes, NJ
Memory care facilities in Franklin Lakes 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 Franklin Lakes. Alzheimer’s care in Franklin Lakes incorporates continuous supervision, trained staff, memory care activities and therapies to improve residents’ quality of life. If you’re considering memory care in Franklin Lakes, know it’s a safe setting for its residents.
From our 44 memory care facilities in Franklin Lakes, 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: Fairfield, Edgewater, Montclair, Montville, West Orange, Parsippany, Passaic, Roseland, Jersey City, Mahwah, Ramsey, Saddle River, Wayne, Cresskill, Emerson, Paramus, Westwood, Summit, Florham Park, Madison, Morris Plains, New City.
See The Best Memory Care Facilities around Franklin Lakes
Cost of Memory Care in Franklin Lakes, NJ
According to Genworth Financials' 2021 Cost of Care Survey, the average cost of Memory Care in Franklin Lakes comes to around $8688 per month. This is 37% than the national average cost of Memory Care of $5064 per month. And if we compare the price with the New jersey average of $7933, it is similar
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Weather and Climate in Franklin Lakes
Seasonal Temperatures: Franklin Lakes has a typical summer high of 84°F and a winter low of 20°F. And the yearly rainfall here is about 50 inches, while the snowfall is around 26 inch(es) on average.
Air Quality: The Average air quality index rating is usually 63, which is higher than the national average of 58.The index rating at or below 100 is considered satisfactory.
Hospital Services in Franklin Lakes for Elderly People
The health index of 90.5 indicates resourceful quality of healthcare services available for seniors, This index is higher than than the state average of 88.4. The Franklin Lakes hospitals cater their services to meet treatment requirements of seniors and people of all ages. Therefore, you can rest assured of getting the best possible care in Franklin Lakes for any common or chronic health condition.
What Are Alternate to Memory Care Senior Care Options in Franklin Lakes, NJ?
Elderly individuals in Franklin Lakes have multiple care options besides memory care, depending on their care level and medical situation. Concerning assisted living in Franklin Lakes, there are diverse alternatives to select. Similarly, you can explore independent living in Franklin Lakes, nursing homes in Franklin Lakes, and home care in Franklin Lakes to find the best care type for your necessities.
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 Franklin Lakes, NJ?
Memory support costs in Franklin Lakes may be relatively costly than many other senior care options. Consequently, covering the expenditures can be troublesome for senior residents and their loved ones. Nonetheless, seniors can investigate a few privilages and choice of payment to pay for memory care in Franklin Lakes.
Medicaid and Medicare benefits
Every state has its individual Medicaid program to help lower-income residents with healthcare-related bills. Furthermore, Medicaid covers certain lengthy care bills for eligible senior individuals. Nonetheless, you will need to meet the state requirements to be approved for the Medicaid benefits in Franklin Lakes. To finance memory care in [state], the state mainly utilizes HCBS Waivers (Home and Community Based Services). However, this waiver does not cover the room and board costs in dementia care communities.
On the other hand, Medicare doesn't cover the price of support for residents of memory care communities. However, senior citizens can utilize Medicare benefits to cover approved healthcare requirements in memory care communities in Franklin Lakes.
Here you can read a bit more about Medicare benefits for seniors
Veteran benefits (A&A)
The U.S. Department of Veterans Affairs provides veterans VA Aid & Attendance benefits. Look to see if you are entitled for them. This benefit can back a segment of your memory care costs. Visit the U.S. Department of Veterans Affairs website to obtain thorough guidelines.
Read more about: A&A Veteran Benefits
Retirement savings
Retirement pension plans are pension schemes that senior citizens can acquire after they retire from job. This pension is a investment account where a fixed amount of money is deposited 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 aging home dweller with considerable home equity can withdraw the value of their property and receive funds. The money can come in the form of a steady stream of income, a bulk amount, or a credit line.
Bridge loans
You don't always have sufficient time to get organized for memory care; there might be a medical crisis, and you have to relocate a dementia patient to the senior care community. That is when you can consider a third-party bridge loan. Bridge loans assist in financing your costs during the surprise transition period. Many senior economic institutions provide bridge loans. You can clear the loan when you've got the cash available; e.g., you may sell a property after an emergency. However, a bridge loan is a uncertain alternative. It would be preferable if you handled it with caution.
Read also: Bridge loans in senior care
Long Term Care Insurance (LTCI)
Long-term care insurance (LTCI) often is a great option for paying senior living care. However, be careful that not all LTCI plans are the same. And LTCI will not pay for all your costs. So, consult your insurance agent and get details beforehand.
Visit our Memory Care New jersey 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 Franklin Lakes
Franklin Lakes memory care communities must comply with a comprehensive set of rules and regulations implemented by New jersey. These regulations are to ensure that the facilities maintain top-level and secure care services for seniors. For instance, the memory care facilities in Franklin Lakes go through highest level of training and education for the caregivers. This ensures that caregivers to be highly trained and professional while assisting seniors with their daily needs. Visit our New jersey memory care page to find more information on the state-specific rules and guidelines.
Additional Memory Care Resources for Seniors in Franklin Lakes
Multiple government and non-profit agencies work together in Franklin Lakes to provide retired individuals with more facilities. These services ensures seniors enjoy an improved quality of life in Franklin Lakes. Subject to the Franklin Lakes resources, they can include free meal delivery services, utility billing programs, medical programs, and others. Find out the available free resources for senior citizens from the memory care New jersey page.
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