According to Genworth Financials' 2021 Cost of Care Survey, the average cost of Memory Care in Temple comes to around $4,645 per month. This is lower than the national average cost of Memory Care of $5,064 per month. And if we compare the price with the Texas average of $4,676, it is similar.
Memory Care rates in Temple and the surrounding suburbs depend on multiple factors, including location, level of care, apartment size, and amenities offered in each community.
The nearest city to Temple in terms of distance is Pendleton, where Memory Care costs around $4,645 per month, The cost is similar to the monthly median Memory Care in Temple. Seniors in Belton pay an average of $4,645 per month, which is similar to per month what their peers pay in Temple.
Older adults have multiple senior living options in Temple. For example, memory care is for seniors who require 24/7 supervision for dementia care. While seniors with only physical health issues would not require memory care services, there are also nursing home facilities in Temple available for them. But they cost more than memory care homes.
In addition, seniors who don't need 24/7 nursing care but require assistance with ADLs & IADLs only, can stay in assisted living in Temple. They cost much less than dementia care as they have fewer senior care requirements. Active seniors can choose independent living in Temple to enjoy a high quality of life after retirement.
The senior care options available in Temple are:
Assisted Living: Assisted living communities in Temple offer services that help seniors to receive assistance with ADLs & IADLs daily meal services, and recreational opportunities with other seniors in a community.
Independent Living: Independent living is for active older adults who want to downsize to a home in a retirement community but don't need help to live completely alone.
Nursing Home: Seniors who require specialized care and 24/7 supervision should look for nursing homes.
Home Care: Caregivers provide services to older adults in their home to provide primary healthcare, meal delivery services, meal preparation, and transportation to and from appointments.
Continuing Care Retirement Communities (CCRC): A CCRC accommodates Assisted living, Independent living, and Nursing Home care. This means that you can live out the rest of your life in the same setting with on-site medical care.
The median home cost in Temple comes at $208,500. This brings Temple housing index to 59, which is lower than the Texas housing index of 84.3. The overall cost of living index in Temple is 79.9 that is lower than the national average of 100 and lower than the state average of 93.9.
The population of Temple is 80,761. The median age in the city is 34.3, and about 15% of its population is age 65 or older.
Temple is quite diverse, with white, black, and Hispanic/Latino being the three most common ethnicities in the city, about 52% of residents identify as white alone.
The violent crime rate of 20.8 in Temple is lower than the national average of 22.7. And the property crime rate of 47.3 seems higher than the national rate of 35.4.
Seasonal Temperatures: Temple has a typical summer high of 95°F and a winter low of 36°F. And the yearly rainfall here is about 37 inches, while the snowfall is around 0 inch(es) on average.
Air Quality: The Average air quality index rating is usually 57, which is lower than the national average of 58.The index rating at or below 100 is considered satisfactory.
The health index of 97.6 indicates resourceful quality of healthcare services available for seniors, This index is higher than the state average of 95.4. The Temple 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 Temple for any common or chronic health condition.
Memory care expenses in Temple can be higher than most other senior care options. Thus, paying for the costs can be challenging for seniors and their family members. However, seniors can look into a few benefits and payment options to pay for memory care in Temple.
Every state has its own Medicaid program to help low-income residents with healthcare-related costs. In addition to medical care expenses, Medicaid also covers certain long-term care costs for eligible seniors. However, you will need to meet the state-specific requirements to be approved for the Medicaid benefits in Temple. To pay for memory care services, Texas mainly uses HCBS Waivers (Home and Community Based Services). But this waiver does not finance the room and board costs in dementia care facilities.
On the other hand, Medicare doesn't generally pay for memory care facilities. Nevertheless, seniors can use regular Medicare benefits for their medical care needs in these communities.
The U.S. Department of Veterans Affairs offers veterans privileges like aid and attendance pension. Check if you are eligible for them. This pension can fund a part of your memory care payments. Visit the U.S. Department of Veterans Affairs website to get detailed information.
Retirement savings are pensions that seniors can receive after they retire from work. This pension is a fund where a certain amount of money is deposited throughout the senior's employment. The senior can pull out money periodically (monthly or yearly) to pay for senior care facilities after retirement.
A reverse mortgage is a loan. An elderly homeowner with significant home equity can borrow against the value of their property and receive funds. The money can come in a fixed monthly amount, a lump sum amount, or a credit line.
You don't always have ample time to get ready for memory care; there might be a medical emergency, and you have to move a dementia patient to the facility. That is when you can consider a third-party bridge loan. Bridge loans help to cover your expenses during the unexpected transition period. Many senior financial services offer bridge loans. You can repay the loan when you've got the cash available; e.g., you might sell a property after an emergency. However, a bridge loan is a risky option. It would be best if you approached it with caution.
Long-term care insurance (LTCI) often is a phenomenal resource for paying senior living care. However, be careful that not all LTCI policies are equal. And LTCI will not cover all your expenses. So, consult your insurance provider and get details beforehand.
Visit our Memory Care Texas page to find more information.
Temple memory care communities need to follow a comprehensive set of rules and regulations designed by Texas. These regulations ensure that the facilities are maintaining top-level care services for seniors. For instance, the Memory Care facilities in Temple go through extensive training and education for the caregivers. These enable caregivers to be skilled and professional while assisting seniors with their dementia care needs. Visit the Memory Care Texas page to find more information on the state-specific rules and regulations.
Several government and non-profit agencies work together in Temple to provide seniors with more services. These services help seniors lead a better life in the Temple. Depending on the Temple resources, they can include free meal delivery services, utility billing programs, medical programs, and others. Find out the list of available free resources for senior Memory Care in Temple from the Memory Care TX page.
BoomersHub can change without notice any of its compiled cost data provided by senior living communities. This data is used for informational purposes only and may have inaccuracies. In addition, actual independent living costs may vary depending on personal choices and situations.