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Memory Care Communities in Franklin, Indiana

Our comprehensive listings and authentic reviews in Franklin, IN below include 43 memory care...

Directory of Memory Care in Franklin, IN

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Cities in Indiana

Franklin

$6,640

Greenwood

$5,949

US

$5,694

Avon

$5,675

Columbus

$5,296

Greenfield

$5,220

Indianapolis

$5,113

Plainfield

$5,035

Paying for Memory Care in Franklin

Memory Care costs in Franklin start around $6,640 per month on average, while the nationwide average cost of memory care is $5,694 per month.

It’s important to note that memory care rates in Franklin 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 Franklin

Learn more about these programs, plus who’s eligible, on our Memory Care in Indiana 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 Indiana page.

Free Memory Care Resources in Franklin

Franklin 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 Franklin, please visit our Memory Care in Indiana page.

What to Consider About Memory Care in Franklin

Franklin is located in central Indiana, a state where the Alzheimer's Association reports that 110,000 residents have Alzheimer's disease. This disease, which is generally diagnosed in seniors, is the leading cause of dementia. In Franklin, the senior population makes up more than 16 percent of the 25,000-person population. 

Franklin is home to one memory care community, and families looking for more options will find nearly five dozen more in the surrounding area. The facilities, which are officially called dementia special care units, may either be located within assisted living facilities or in their own dedicated building.

Benefits and Drawbacks of Memory Care in Franklin

  • Franklin's living costs, including healthcare expenses, are about 10 percent lower than the nationwide average. This may make the city a good option for seniors and families with a restrictive memory care budget.
  • Franklin's property crime rate is significantly higher than the national average, but its rate of violent crime is considerably lower. On a scale of one to 100, with a low score representing less crime, Franklin's violent crime rate is 23.0, compared to the national average of 31.1, and the property crime rate is 51.1, compared to the national average of 38.1. This may appeal to families who are moving their loved one to memory care in central Indiana.
  • Franklin's climate is typical of central Indiana, with hot, humid summers and chilly winters. Summer highs are in the mid-80s, and winter lows are in the 20s. The region gets 19 inches of snowfall compared to the national average of 26 inches, which may make local travel easier for families to visit loved ones in memory care facilities.
  • Indiana is moderately tax-friendly for seniors. Social Security benefits are not subject to state income tax, but all other types of retirement income are. Families whose senior loved ones draw income from retirement savings accounts or pensions may wish to speak to a tax professional to determine how the state's income tax laws affect their memory care budget.

Memory Care Laws and Regulations in Franklin

Franklin-area memory care communities must adhere to the comprehensive set of state laws and regulations that all memory care communities in Indiana are required to follow. Visit our Memory Care in Indiana page for more information about these laws.

Reviews of Communities Nearby

Memory Care

Helena

I am a friend or relative of a current/past resident

Review of Franklin Meadows

My ex-husband has been in Franklin Meadows. They do not have enough help there. Everybody is friendly, but they keep the residents confined to a small area. Either you're in your room or you go...

Read more

Memory Care Facilities near Franklin, IN

GreenwoodColumbusIndianapolisPlainfieldGreenfieldAvon

Other Options in Franklin, IN

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Caring.com

Caring.com is a leading online destination for caregivers seeking information and support as they care for aging parents, spouses, and other loved ones. We offer thousands of original articles, helpful tools, advice from more than 50 leading experts, a community of caregivers, and a comprehensive directory of caregiving services.

 

The material on this site is for informational purposes only and is not a substitute for legal, financial, professional, or medical advice or diagnosis or treatment. By using our website, you agree to the Terms of Use and Privacy Policy

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