Dementia care can be financially overwhelming for families, especially when considering the long-term nature of the condition. From caregiving to medical expenses, families often find themselves facing significant costs, many of which are not covered by insurance. For those living with dementia, the financial burden can impact their quality of life and access to essential care. At Memory Matters Foundation, we understand these challenges and are committed to easing this burden through our programs and resources.
According to the Alzheimer’s Association, the lifetime cost of care for someone with dementia can reach nearly $400,000, with the majority of these expenses being shouldered by families. These costs include not only direct medical care but also expenses related to home modifications, caregiving, and adult day programs. As the condition progresses, the need for specialized care, such as memory care facilities or in-home nursing, can further escalate costs.
Unpaid caregiving is a common reality for many families, with loved ones taking on the role of caregiver at great personal and financial sacrifice. This can lead to emotional burnout and financial strain as family members often have to reduce work hours or quit their jobs to provide care. Out-of-pocket expenses, including medications, incontinence supplies, and transportation, can quickly add up, placing a heavy toll on the family’s financial stability.
At Memory Matters Foundation, we offer financial assistance to families in need, helping to cover the costs of adult day programs designed to slow down cognitive decline. Our Montessori Scholarship Program provides tuition aid to ensure that seniors with dementia can access the structured activities they need to maintain their cognitive health and engage socially with others.
In addition to tuition assistance, we provide resources to help families navigate the complexities of dementia care, including connections to financial planning services and counseling. Our goal is to ensure that no family has to face the financial burden of dementia alone. We believe that every individual deserves access to quality care without the stress of overwhelming expenses.
If you or a loved one are struggling with the costs of dementia care, Memory Matters Foundation is here to help. Our financial assistance programs can ease the burden and provide much-needed relief so that families can focus on what truly matters: spending quality time with their loved ones and ensuring their comfort and dignity.
Through our ongoing support and advocacy efforts, we aim to create a future where individuals with dementia receive the care they deserve, without the financial hardship that often accompanies this condition. Together, we can make a difference in the lives of those affected by dementia.
