Finances
You're already carrying enough guilt about needing memory care. The cost makes it worse.
So let's be direct. Memory care can be expensive. Sycamore Creek Ranch costs less than most facilities because we're smaller and more efficient. But it's still a significant investment.
Here's what you need to know about paying for it.
Medicare does not cover long-term memory care.
Let's say that again because every family asks.
Medicare covers short-term skilled nursing care after a hospital stay. It covers rehabilitation. It does not cover custodial care, which is what memory care is.
Medicare Advantage plans don't change this. They have the same limitation.
We're not telling you this to discourage you. We're telling you so you don't waste time chasing something that won't help.
Our rate can be all-inclusive. It covers:
No extra charges for higher levels of care. No surprise fees. The only exception is incontinence supplies if needed.
If you choose our lifetime rate lock, it never changes for your loved ones entire stay.
Other facilities raise rates annually. We won't.
This matters when you're planning financially. You can actually budget.
If your loved one owns a home but needs the equity to pay for care, a reverse mortgage can convert home equity into cash while allowing them to retain ownership.
This can work if the house isn’t being used anymore.
Some life insurance policies have cash value that can be borrowed against or surrendered.
Others offer accelerated death benefits if the policyholder has a terminal diagnosis.
Some families pool resources. Adult children contribute monthly to cover the cost together.
It’s not always easy to coordinate, but when it works, it spreads the financial burden.
Figuring out how to pay for memory care is overwhelming.
We've walked hundreds of families through this.
When you come for your tour, we'll talk about cost openly. We'll help you understand what resources might be available. We'll connect you with specialists if you need them.
The financial piece shouldn't be a mystery. Let's figure it out together.
Call us or send an email. A real person — not a call center — will answer.
832.791.1577info@scrmemorycare.com