Memory Care Communities in Severna Park, Maryland

In Severna Park, memory care facilities charge a median rate of $5,938 per month, surpassing the national norm by about $300 but offering significant savings over Maryland’s rate of $6,560. By comparison, seniors in nearby Salisbury pay $287 more per month for services, and in Cumberland, fees run $622 higher than in Severna Park. On the other hand, in Hagerstown, seniors pay competitive rates of $5,788 for specialized care.

 

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.

Memory care residents in Severna Park pay a baseline monthly rate of $5,938.

 

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 Maryland page.

Severna Park seniors pay $5,938 per month for memory care. By comparison, this rate comes in $4,860 lower than what seniors in nursing homes pay for 24-hour medical support and intensive personal care services. Even so, other options offer greater affordability, including home health care, which includes skilled nursing services in the individual’s home for $5,053. Similarly, seniors who need basic personal care services pay $4,957 for private in-home care or $4,750 for residential care in an assisted living facility. Finally, adult day health care facilities, which provide nonresidential services, such as basic skilled nursing, recreational activities, meals and personal care, charge about $4,000 less per month for care than residential memory care facilities.

 

In Maryland, including in Severna Park, memory care communities obtain licensing as residential assisted living facilities through the Maryland Department of Aging. This department publishes information on residents’ rights, Medicare resources and financial assistance programs for qualified memory care residents. It also enforces minimum standards for the services residential facilities must provide, as well as staffing requirements and dementia-specific services.

 

• Severna Park scores 43 out of 100 points on a total crime index, indicating the city has less reported crime than 43% of U.S. communities. In a typical year, the city reports 11 incidents of crime per 1,000 people, most of which are nonviolent. For prospective memory care residents and families with safety concerns, neighborhoods such as Severna Forest and Sabrina Park offer even lower rates of criminal activity.
• Anne Arundel County, where Severna Park sits, ranks in the 50-75th percentile for health factors and outcomes and comes in ninth out of the state’s 24 ranked counties for overall health. The average life expectancy in this region comes out to 79.1 years, several months past state and national norms, and 57% of Medicare beneficiaries obtain the flu shot annually, which can foster healthier environments in long-term care communities.
• Although the cost of living in Severna Park surpasses the national norm by nearly 12%, comparatively low housing, food and utility costs promote competitive memory care rates. Additionally, residents spend about 25% less on health care here than in a typical U.S. city, and programs such as the Senior Assisted Living Subsidy Program cover memory care services for qualified individuals, promoting access to affordable services.  
• Seniors whose annual income falls below $36,300 don’t pay state income taxes on pension income or withdrawals from retirement accounts, and the state provides a full exemption on Social Security benefits, resulting in a small tax bill for many seniors. The state taxes income that exceeds the $36,300 exclusion at rates of 2.00-5.75%, impacting what some seniors may be able to put toward memory care expenses in Severna Park.
• Severna Park’s weather fluctuates throughout the year, appealing to prospective memory care residents who enjoy seasonal changes. During the warm season, which lasts from late May through mid-September, daytime temperatures fall between 77 and 85 degrees Fahrenheit, and residents experience muggy conditions 28-47% of the time, depending on the month. Winters, which span early December through early March, bring daytime temperatures between 41 and 50 degrees Fahrenheit and about 17 inches of snow.