Medicare will pay for partial costs of memory care. For example, Medicare Part D will pay for many prescription medications. Traditional Medicare coverage does not cover the cost of a memory care community, however. PACE (Program of All-Inclusive Care for the Elderly), which is a combination of Medicare and Medicaid, can help with some of the costs of memory care, and people with dementia or similar memory concerns may be eligible for this program. PACE is designed to give people access to memory and dementia care so they do not have to move into a skilled nursing home community.