4 Memory Care Facilities near Monument, CO
There are 4 Memory Care Facilities in the Monument area, with 2 in Monument and 2 nearby.
The average cost of memory care in Monument is $5,395 per month. This is higher than the national median of $4,950. Cheaper nearby regions include Colorado Springs with an average starting cost of $4,873.
To help you with your search, browse the 2 reviews below for memory care facilities in Monument. Better rated regions include Colorado Springs with an average rating of 3.9 out of 5 stars.
Caring.com has helped thousands of families find high-quality senior care. To speak with one of our Family Advisors about memory care options and costs in Monument, call (855) 863-8283.
2 Memory Care Facilities in Monument, CO
What to Consider About Memory Care in Monument
Monument is a town in El Paso County, Colorado, with more than 7,000 residents and a senior community that makes up nearly seven percent of the population. According to the Alzheimer's Association, as many as one in 10 of these seniors may have Alzheimer's, a disease that affects roughly nine percent of Medicare beneficiaries in El Paso County.
The Monument region has three memory care facilities, with two in Monument and one more in nearby Colorado Springs. These memory care facilities are located within assisted living facilities and have specially trained staff and secure environments for residents with dementia.
- All types of retirement income in Colorado are taxable, including Social Security benefits and income from public pensions. However, the state's income tax system allows for a large deduction on retirement income, which may leave more money in the budget for memory care in Monument.
- Living expenses in Monument are high, even by Colorado's standards, with the cost of real estate serving as the main driver in the cost of living difference. While this may this may result in relatively high memory care costs, this may be offset by the city's relatively low cost of healthcare, which is slightly below the national median.
- The air quality in Monument is decent, which may make the city a good option for seniors with respiratory illnesses or cardiovascular disease. The American Lung Association gave El Paso County a C for ozone pollution and an A for short-term particle pollution.
- On a 100-point index, crime in Monument is rated 25, meaning that the city is safer than 25 percent of communities of all sizes across the United States. When compared only to communities with similar population sizes, Monument's crime rate is considerably higher than average. As they are touring local memory care facilities, families may want to inquire about what measures are taken to keep residents safe.
Paying for Memory Care in Monument
Average Monthly Costs
Cities in Colorado
Memory Care costs in Monument start around $5,797 per month on average, while the nationwide average cost of memory care is $5,053 per month.
It’s important to note that memory care rates in Monument and the surrounding suburbs can vary widely based on factors such as location, the level of care needed, apartment size and the types of amenities offered at each community.
Financial Assistance for Memory Care in Monument
Learn more about these programs, plus who’s eligible, on our Memory Care in Colorado 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:
- Veterans Benefits
- Life Insurance Policy
- Long-Term Care Insurance
- Reverse Mortgage
For more information about different ways to finance memory care, visit our Memory Care in Colorado page.
Free Memory Care Resources in Monument
Monument and the surrounding area are home to numerous government agencies and non-profit organizations offering help for seniors searching for or currently residing in a memory care community. These organizations can also provide assistance in a number of other eldercare services such as geriatric care management, elder law advice, estate planning, finding home care and health and wellness programs.
To see a list of free memory care resources in Monument, please visit our Memory Care in Colorado page.
Directory of Winners in the Monument Area
Memory Care Laws and Regulations in Monument
Monument-area memory care communities must adhere to the comprehensive set of state laws and regulations that all memory care communities in Colorado are required to follow. Visit our Memory Care in Colorado page for more information about these laws.