The Best Memory Care Facilities in Hot Springs, AR for 2024
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A 2024 special report by the Alzheimer's Association reveals that over 10% of the nation's seniors aged 65 and over are living with Alzheimer's disease. Around one in five (21.4%) of Hot Springs'Â 38,109 residents belong to that age group, and according to CDC data, 8.11% of deaths in the city in 2020 were Alzheimer's-related. Fortunately, access to local specialized dementia care can help those with progressive memory loss disorders live longer and enjoy a good quality of life.
Memory care communities provide comfortable housing within a secure environment staffed 24/7 by dementia-trained caregivers. These communities also tend to offer specialized activities, such as brain training games, sensory experiences, music therapy and reminiscing, designed to slow the progression of memory loss and ensure those impacted still experience moments of joy in daily life.
In addition to discussing the advantages and disadvantages Hot Springs affords seniors, this guide provides information about paying for memory care in the city and the expected costs of alternative types of care. Contact information for organizations offering free local services to families navigating a dementia diagnosis is also listed.
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Memory Care Facilities in Hot Springs, Arkansas
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What to Consider About Memory Care in Hot Springs
The Arkansas Department of Human Services Division of Provider Services and Quality Assurance's Office of Long Term Care licenses and inspects state-based residential care facilities, including memory care providers in Hot Springs. Families can use its Long Term Care Facility Search page to verify licensing details while researching memory care communities.
Benefits and Drawbacks of Memory Care in Hot Springs
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- The local cost of living is around 80% of the national average, making Hot Springs a relatively affordable retirement location. Housing and transportation, in particular, are significantly less expensive than in many other U.S. cities.
- Compared to national figures, crime rates in Hot Springs are high. Local property crime and violent crime rates are about 2.69 and 1.66 times greater than U.S. averages, respectively. Fortunately, the city's memory care community residents are typically well-protected by around-the-clock on-site staff, controlled-access doors and emergency alert systems.
- Based on a 100-point index, air quality in Hot Springs is 11 points below the national average. However, the city receives a perfect score of 100 for water quality, which can positively impact the health of residents.
- Seniors with urgent, acute and chronic medical conditions can access quality health care services locally, as the city is home to National Park Medical Center and an award-winning regional hospital, CHI St. Vincent Hot Springs. The city's physician-to-resident ratio is also 13.5% better than the national norm of 210 physicians per 100,000 people.
- Although Hot Springs has mild winters with lows of just 30 degrees, its long summers can be uncomfortably hot and humid. The average annual rainfall rate of 57 inches is significantly higher than the U.S. average of 38 inches, but the city receives just 2 inches of snow per year. Memory care communities, fortunately, tend to be climate-controlled environments that ensure seniors are comfortable year-round.
- Social Security retirement benefits in Arkansas are tax-exempt, and senior residents pay no tax on the first $6,000 withdrawn from an IRA. Arkansas also has no inheritance taxes, and prescription drugs are free from state sales tax.
Praying For Memory Care in Hot Springs
Note: Residential memory care is usually offered in assisted living facilities, and in general, memory care rates tend to be 20-30% higher than assisted living rates. No national database currently tracks memory care costs in the United States, so we've estimated the monthly memory care costs listed below by adding 25% to the rates listed in Genworth's 2021 Cost of Care Survey.
Seniors pay a monthly average of $5,625 for memory care in Hot Springs.
The Cost of Memory Care in Nearby Cities
Monthly memory care rates in Hot Springs are around $925 higher than the Arkansas state median but on par with the nationwide norm of $5,625. In nearby Little Rock, average monthly costs are similarly high at $5,610. In Fayetteville and Jonesboro, however, seniors pay an estimated $1,062 less per month than in Hot Springs. Pine Bluff is one of the most affordable cities in Arkansas for memory care, with monthly rates averaging $4,161.
Hot Springs
$5,625
Arkansas
$4,700
United States
$5,625
Little Rock
$5,610
Pine Bluff
$4,161
Fayetteville
$4,563
Jonesboro
$4,563
The Cost of Other Types of Senior Care
Assisted living facilities charge around $1,125 less than memory care providers monthly. These facilities provide maintenance-free housing and tailored personal care services to older adults who are relatively independent. Seniors who require 24/7 skilled nursing care pay considerably more in Hot Springs, with the monthly rate for semiprivate accommodation in a nursing home facility averaging $6,083. Adult day health care, meanwhile, is one of the most affordable options, costing just $1,560 monthly on average. In-home care and home health care are both less expensive than residential memory care by about $1,335 per month.
Memory Care
$5,625
In-Home Care
$4,290
Home Health Care
$4,290
Adult Day Health Care
$1,560
Assisted Living Facility
$4,500
Nursing Home Facility (semiprivate room)
$6,083
Financial Assistance for Memory Care in Hot Springs
In Hot Springs there are options for seniors who need financial assistance paying for Memory Care. For more information about other options, who qualifies, and how to apply, visit our Memory Care in Arkansas page.
More Ways to Pay for Memory Care
While many families use their own funds or personal assets to pay for memory care, there are plenty of additional options to cover these costs. Some additional ways to finance memory care costs include:
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- Veterans Benefits
- Life Insurance Policy
- Long-Term Care Insurance
- Reverse Mortgage
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For more information about different ways to finance memory care, visit our Memory Care in Arkansas page.
Free & Low-Cost Memory Care Resources in Hot Springs
Coping with the effects of dementia-related conditions can be challenging. Thankfully, local resources exist to support seniors and their families. The table below includes contact details for government organizations and nonprofits offering free and subsidized programs and services in Hot Springs.
Memory Care Laws and Regulations in Hot Springs
Hot Springs Memory Care Communities must adhere to the comprehensive set of state laws and regulations that all Memory Care Facilities in Arkansas are required to follow. Visit our Memory Care in Arkansas page for more information about these laws.