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News > How Much Does Dementia Care Cost?

How Much Does Dementia Care Cost?

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Dementia is different for everyone, but all individuals with it deserve compassionate and kind care to help them through each day. Due to the differences individuals with dementia can experience, their care plans are also highly personalized. While care is essential, understanding what you’re paying for is also crucial so you can provide professional help to your beloved family member.

At Corewood Care, we understand the financial worries and challenges of finding dementia care for your family member. We break down how much dementia care costs and the payment options for it.

Treatments for Dementia and Alzheimer’s

The cost of dementia care differs based on the type of treatment your relative is receiving. Common types of dementia care include:

  • In-home care
  • Live-in care
  • Assisted living facilities
  • Adult daycare
  • Respite care

Paying for Dementia Care

In addition to the type of care your relative receives, some other cost considerations include:

  • If medical treatment and equipment are necessary
  • Medication distribution
  • Hours of service needed, such as half a day or 24/7 care

Non-medical caregivers for in-home care are often paid hourly, averaging around $28.64 in 2022. Assuming you need assistance with caring for your family member with dementia for about 40 hours a week instead of around the clock, the price of care would be about $1,145 per week. As always, the specific agency or organization you’re working with will have their own pricing requirements based on their services and location.

Your payments also differ based on how the facility or agency bills their services. Many in-home care services provided by caregivers are by the hour. You must also consider if insurance will cover some of the expenses before you get the complete picture of how much dementia and Alzheimer’s care costs.

What Does Insurance Cover for Dementia and Alzheimer’s Care?

Various insurance and government plans can cover some, if not all, of the costs of dementia care. Each program and what it covers vary based on the policies the individual has in place. For example, long-term insurance, Medicare and Medicaid cover some aspects of in-home dementia care, but all have their caveats.

Long-term insurance: Individuals can receive coverage for their dementia if they already have long-term care insurance before diagnosis. Long-term care often covers licensed home care and assisted living.
Medicare: Medicare only covers some components associated with Alzheimer’s care. It will pay up to 35 hours a week for individuals who are homebound and need home health services, but it may not necessarily cover assistance with daily activities.
Medicaid: Medicaid covers in-home care for individuals with dementia if they would otherwise require nursing home care if they didn’t receive in-home care.
When considering your payment options for dementia care, review the insurance plans and government programs your family member is a part of to try to get the most coverage possible.

Learn More About Corewood Care’s Dementia and Alzheimer’s Services

At Corewood Care, we understand all individuals require individualized care plans for their dementia. We provide comprehensive in-home dementia and Alzheimer’s care services to help individuals access the necessary care.

Learn more about our dementia and Alzheimer’s services by contacting our team today. We’ll help you navigate the options that may be best for your beloved family member.

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