MyerYounger LTC

Long Term Care Insurance

2537 S. Gessner Suite 207

Houston, Texas 77063​

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The Real Cost Of Caring For An Aging Parent with Dementia in Houston

September 1, 2018

 

Though there have been a lot of new advances in dementia care, it is not going away. And the cost of care seems to be skyrocketing. Let’s take a hard look at what it will cost to care for your aging parent over the years.

 

The Beginning

 

 

In the beginning stages of most types of dementia your aging parent may be able to get along pretty well. If their spouse is still alive and well and they are together they will probably be able to manage much longer. However, their care could take a toll on your other parent and this could cost plenty.

 

Caring for one person with dementia can be costly. But when you have two parents with physical or cognitive needs the cost will double. There may be some places that will give you a break to take care of a couple. But the cost will still be high.

 

Staying at Home

 

 

 

This seems to be the preference for most people. However, the cost can become quite high. With rates running $20 to $25 per hour in Houston round the clock care in not affordable for most people. In the beginning you may be able to get by with a few hours of service per week. But dementia is a degenerative disease. As such, the symptoms will only get worse. This means as the disease progresses more care will need to be delivered.

 

 

 

 

 

 

A lot of times the kids will try to pitch in to care for their parent. They may spend the nights at Moms house so a caregiver does not have to be hired for the evening shift.

 

Silent Costs

 

But what about the silent costs to the family caregiver? Are they getting a good night’s sleep? What about their own family?   Are they giving up their social life? All of these things can affect the health of a family caregiver.

 

If your parent thought ahead and purchased a long- term care policy you are one of the lucky ones. Though each policy is different, your policy should cover at home care. This can be a huge relief for a family caregiver.

 

Living in A Care Facility in Houston

 

There are a lot of options when it comes to living in a facility in Houston. When someone has Dementia, they will most likely need assisted living or memory care. However, in those beginning stages an Independent Living community may work short time.

 

“We moved mom to an Independent living Community. It was the best decision we made financially. The savings over an assisted living facility were about $24000 a year even after engaging a home care company to offer her assistance in her apartment. She was able to stay in this environment for almost 3 years. This bought her an additional year at an assisted living facility” Kay- Adult daughter

 

Full Service Independent Living Communities currently range in price in Houston from $2000 to $5000 per month. The cost includes a meal plan, transportation, activities and all utilities. Home care companies are on site. This allows them to provide service to the residents in smaller 15-minute increments. A company coming to your home will usually require a minimum of 3 to 4 hours.

 

Assisted Living in Houston

 

There are both Small and Large Assisted Living Facilities in Houston. The State defines a small assisted living facility as one that cares for 16 or less residents. Both types must adhere to the same rules and regulations.

 

Comparing Apples to Apples

 

This industry does not make it easy to compare apples to apples. Each company chooses how they want to charge. Most of the large facilities have a base rate. They will then add on charges based on the needs of the resident. The list may be quite long and extensive. Anticipate not only what your parent needs today but what they may need in the future.

 

Base rates may start as low as $2500 per month. However, once the additional services are added that price can jump quite high. You could pay anywhere from an additional monthly fee of $500 to $2500.

 

Smaller homes usually opt for a flat rate

 

They may have a fee for a few specialized services. But for the most part families will be able to know exactly what they are going to pay each month. This certainly makes it easier to budget.

 

These homes range from $3000 to $6000 And If you have a long- term care policy it should cover assisted living expenses. Check with your policy for details. Be aware, there are care homes who care for only 3. As such they do not have to be licensed. However, they may not be covered by your policy.

 

Memory Care

 

All memory care facilities in Texas must hold an assisted living license with an additional Alzheimer’s Certification. These facilities also come in small and large just like above. Most facilities usually have a flat rate. Expect to pay a minimum of about $3200 and a high of about $7000. An average price in Houston is $5000 per month for a memory care facility.

 

 A long- term care policy can take a lot of stress off the shoulders of family members. And stress costs everyone.

 

 

 

As Certified Long-Term Care professionals since 2003, and members of the American Association for Long-Term Care Insurance, both Sue and Allison have the training,  knowledge, and experience to help you understand your options. 

 

 

 

Sue Myers and Allison Younger

 

With over 20 years of experience, both women are committed to ensuring that their client’s long-term care needs are met while their wealth is protected.

 

 

 

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