Overview of Story Cottage

Story Cottage sits in Indianapolis’s Meridian Hills/Williams Creek neighborhood, about 10.2 miles from downtown, and the whole model here is built around scale, or really the lack of it. Small cottages, 8 to 10 residents each, inside a 2-story building. Walk Score comes in at 25, somewhat walkable, but this is a suburban stretch where most errands mean getting in a car.

This is memory care specifically for residents living with Alzheimer’s, dementia, and related memory disorders. Staff go through dementia-specific training, which matters more here than it would in general assisted living; the kind of support someone with cognitive impairment needs is genuinely different. Personalized monitoring systems and built-in safety features are part of how the living spaces are designed, not an afterthought bolted on.

Cognitive stimulation and activities programming exist for residents too, tailored specifically to cognitive impairment rather than a generic activity calendar borrowed from elsewhere.

Eight to ten residents per cottage is a genuinely different environment than a single large memory care wing housing dozens of people. Smaller groupings tend to mean more consistency, in staff faces, in routines, in the sensory experience of the space itself, which matters a lot for people living with memory loss. Story Cottage reads as a deliberate bet on smaller-scale, home-like memory care over the more common large-community model, and that structural choice is really the defining thing about what’s being offered here.

Walk Score
Walk Score: 25 / 100 Rank #359 / 587Walk Score — State benchmarkedThis home is ranked 359th out of 587 homes in Indiana for Walk Score. Shows how walkable this facility's neighborhood is compared to the average Walk Score across Indiana facilities. Higher scores benefit residents, families, and staff.Facilities with the same value for a metric share the same rank. Rankings are based only on facilities in Indiana that report data for that category. Facilities without available data are excluded from the ranking.Click the rank badge to see the full State ranking.Click here to see the full State ranking.
Somewhat walkable. A few nearby services may be reachable on foot, but most trips require transportation.

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What does this home offer?

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No pets allowed

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Building Type: 2-story

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Fitness and Recreation

Places of interest near Story Cottage

Address 413 E 86Th St, Indianapolis, IN 46240 — 2.39 miles to nearest hospital (Ascension St. Vincent Hospital - Indianapolis)

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Financial Assistance for
Memory Care in Indiana

Story Cottage is located in Indianapolis, Indiana.
Here are the financial assistance programs available to residents in Indiana.

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Aged and Disabled Waiver

Indiana Medicaid A&D Waiver

Age 65+ or disabled
General Indiana resident, Medicaid-eligible, nursing home-level care need.
Income Limits (2025) ~$2,829/month 300% FBR, individual
Asset Limits $2,000 (individual), $3,000 (couple).
IN

Requires level-of-care determination.

Benefits
Personal care (5-7 hours/day) Respite (240 hours/year) Adult day care (~$60/day) Home health services

CHOICE Program

Indiana CHOICE

Age 60+
General Indiana resident, at risk of nursing home.
Income Limits ~$2,000/month varies
Asset Limits $10,000 individual
IN

Limited funding; regional variation.

Benefits
In-home care (3-5 hours/week) Respite (up to 10 days/year) Transportation (~5 trips/month)

Residential Care Assistance Program (RCAP)

Indiana Residential Care Assistance Program

Age 65+
General or blind, or disabled, Indiana resident, in approved facility, low-income or SSI recipient.
Income Limits (2025) ~$1,004/month including SSI
Asset Limits $2,000 (individual), $3,000 (couple).
IN

~50 facilities statewide; per diem rate set by FSSA.

Benefits
Room/board Laundry Minimal care coordination (~$20-$50/day subsidy)

Medicare Savings Program (MSP)

Indiana Medicare Savings Program

Age 65+ or disabled
General Indiana resident, Medicare Part A/B.
Income Limits (2025) ~$2,510/month (QMB), ~$3,380/month (SLMB), ~$3,598/month (QI)—individual.
Asset Limits $9,430 (individual), $14,130 (couple).
IN

Three tiers; no waitlist.

Benefits
Covers Part B premiums ($174.70/month) Deductibles ($240/year) Copays (~20%)

National Family Caregiver Support Program (NFCSP) Respite

Indiana NFCSP Respite Care

Age
General Caregivers of 60+ needing care or 55+ caregivers of others; Indiana resident; functional needs (2+ ADLs).
Income Limits (2025) Prioritizes ~$24,980/year (individual); no strict cap.
Asset Limits Not assessed; need-based.
IN

16 AAAs; prioritizes low-income, rural caregivers.

Benefits
Respite (4-6 hours/week or 5 days/year) Adult day care ($60/day) Caregiver training

VA Aid and Attendance (A&A) and Housebound Benefits

Indiana VA Aid and Attendance/Housebound

Age 65+ or disabled veteran/spouse
General Indiana resident, wartime service, need for ADL help (A&A) or homebound.
Income Limits (2025) Net income < ~$1,984/month (veteran with dependent, A&A); pension offsets income.
Asset Limits ~$155,356 net worth limit
IN

High veteran demand statewide.

Benefits
Cash (~$1,433-$2,642/month veteran, ~$951-$1,318 spouse) for care costs (e.g., in-home, assisted living)

Frequently Asked Questions about Story Cottage

What neighborhood is Story Cottage in?

Story Cottage is in the Meridian Hills/Williams Creek neighborhood.

Is Story Cottage in a walkable area?

Story Cottage has a walk score of 25. Somewhat walkable. A few nearby services may be reachable on foot, but most trips require transportation.

Are there photos of Story Cottage?

Yes — there are 4 photos of Story Cottage in the photo gallery on this page.

What is the address of Story Cottage?

Story Cottage is located at 413 E 86Th St, Indianapolis, IN 46240.

What is the phone number of Story Cottage?

(317) 449-5696 will put you in contact with the team at Story Cottage.

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