How To Pay For Specialized Support
If you’re looking for greater confidence and peace of mind for a loved one with memory loss, the team at Highpoint at Cape Coral can help you get started. We understand the financial considerations involved when you begin looking into additional care for someone with Alzheimer’s or other forms of dementia and can help you explore the various options. Most importantly, you’ll find specialized support, security and a sense of belonging for your loved one at our close-knit community.
The first step is to ensure that your loved one keeps any existing health care or insurance plans active that may help meet their needs. Different types of insurance policies – including private insurance, a group employee plan, retiree health coverage, disability insurance, veterans benefits or long-term care insurance – could contribute toward paying for care.
Medicare does not cover long-term care – although Medicare coverage may help with any medical costs incurred with memory loss. Medicaid coverage is not accepted at our community; however, you can look into these additional types of coverage in order to find assistance.
- Veterans Benefits: Through the Veterans Aid and Attendance program, veterans and their spouses may qualify for monthly benefits to help with the costs of memory care. Eligible veterans must apply through the Veterans Administration and are encouraged to apply early because the process can take several months to complete.
- Employee or Retiree Health Plan: For an individual diagnosed with Alzheimer’s or another form of dementia before turning 65, coverage may be available through private insurance – either a group employee or retiree health plan may help pay for some expenses.
- Disability Insurance: A disability policy provides income for a worker who can’t work due to illness or injury; however, this type of plan would need to be in place before symptoms of memory loss begin.
- Long-Term Care Insurance: In order to utilize long-term care insurance for memory care, a policy needs to be in place prior to diagnosis of dementia or Alzheimer’s. For those who are planning ahead for the possibility of needing memory care, be sure to compare how much a policy pays per day and how many days or years it will pay out.
Through memory care at Highpoint at Cape Coral, families can ensure a comfortable, compassionate and safe home for their loved ones. If the time comes that your family needs help with the challenges of memory impairment, we’re here to serve as a resource in determining how to pay for memory care.