Financial Planning for
Santa Barbara Memory Care
Beyond priceless peace of mind, Memory Care is safer, less burdensome, and more cost-effective than your loved one staying at home. We understand that financial considerations are a significant part of this transition, and our goal is to provide clear, reassuring information to help you plan confidently.
How Much Does
Memory Care Cost?
The cost of Memory Care at Santa Barbara depends on the individual’s needs and required level of care. Before a new resident moves in, we conduct a comprehensive assessment to ensure we tailor our services to provide the best possible support and value.
Our all-inclusive monthly fee typically covers:
- Housing: Comfortable and secure accommodations
- Meals: Delicious, chef-prepared meals served daily
- Care Services: Specialized Memory Care, personalized assistance with daily activities, medication management, and more (based on assessment)
- Housekeeping: Regular cleaning and linen services
- Activities & Programs: A vibrant social, recreational, and wellness calendar
Request a Personalized Assessment
Memory Care vs. Homeownership: A Cost Comparison
Many families are surprised to discover that the “all-inclusive” nature of Memory Care provides an enhanced quality of life for the resident and peace of mind for their loved ones. When comparing costs, consider these everyday expenses associated with maintaining a home in Santa Barbara:
- Mortgage or Rent Payments
- Property Taxes
- Home Insurance
- Utilities: Electricity, gas, water, internet, cable, trash removal
- Home Maintenance & Repairs: Unexpected expenses for plumbing, roofing, appliances, landscaping, etc.
- Groceries & Meal Preparation
- Transportation Costs
- Out-of-Pocket Healthcare Expenses
- Social & Recreational Activities
At Santa Barbara Memory Care, our comprehensive services provide peace of mind and help save families time, stress, and often money by consolidating various expenses into one predictable monthly fee. This also allows residents to enjoy their golden years with dignity and joy.
Ways to Save on Senior Living Costs
We believe that quality senior living should be accessible. Our team can help you explore various financial options and programs that may help offset the costs. These might include:
- Veterans Benefits: Eligible Veterans and their spouses may qualify for the Aid & Attendance benefit, which provides financial assistance for long-term care.
- Veterans Discounts: $100/month for Veterans and their spouses.
- Tax Benefits: Some senior living costs may be deductible as medical expenses depending on your situation. Consult with a tax professional for personalized advice.
- Long-Term Care Insurance: A long-term care insurance policy may cover a significant portion of Assisted Living or Memory Care expenses. Consult with your insurance broker for your individual policy details.
- Resident Referral Program: $1,000 off for current residents who refer a friend. Call for details.
State Assistance Programs
Currently, Santa Barbara Memory Care does not accept state programs. Please call us for private pay details.
Next Steps: Plan Your Future
with Confidence
We invite you to experience the warmth and quality of life at Santa Barbara Memory Care.
Our dedicated team is here to guide you through every step of the process. We will help you explore available financial options, answer your questions, and ensure you feel confident and secure in your decision.
