Story Cottage

Luxury Senior Living Home
Overview of Story Cottage

Story Cottage offers a revolutionary approach to memory care, prioritizing personalized care and a beautiful, home-like environment.

Residents feel embraced by a warm and secure setting, with each cottage housing just 8-10 residents. This intimate atmosphere allows for exceptional care, with a staffing ratio that surpasses any other memory care community in Indianapolis. Story Cottage prioritizes resident safety and well-being. Each thoughtfully designed room features built-in safety features and personalized monitoring systems, offering families peace of mind.  The environment itself has a sense of familiarity, with intentionally designed living spaces that promote comfort. Activities stimulate residents’ minds and create opportunities for flourishing moments.

Story Cottage provides a luxury senior living near me with a personalized and compassionate approach to memory care in Indianapolis.

(317) 449-5696

What does this home offer?

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Building type icon

Building Type: 2-story

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Fitness and recreation icon

Fitness and Recreation

Types of Care at Story Cottage

Memory Care
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Compare Luxury Senior Living around Indianapolis

The information below is reported by the Indiana Department of Health, Division of Long Term Care.
Harbour Manor & The Lodge
AL

Assisted Living For seniors needing help with daily tasks but not full-time nursing.

MC

Memory Care Specialized care for those with Memory Loss, Alzheimer's, or dementia, ensuring safety and support.

SNF

Nursing Homes 24/7 care needed

Noblesville
225
Yes
-
30
RIVERVIEW HOSPITAL
75.6%
$23,078,592.00
$7,864,185.00
34.1%
119.20
3/5
3.3574
2/5
3/5
5/5
13
1
+7%
-2%
+9%
-
Riverwalk Village
HC

Hospice Care

MC

Memory Care Specialized care for those with Memory Loss, Alzheimer's, or dementia, ensuring safety and support.

SNF

Nursing Homes 24/7 care needed

RC

Respite Care

Noblesville
169
Yes
A+
66
ROE, VICTORIA
78.7%
$15,001,753.00
$6,616,116.00
44.1%
123.00
2/5
3.0334
3/5
1/5
4/5
36
-
-10%
-12%
+13%
-
Westside Garden Plaza
AL

Assisted Living For seniors needing help with daily tasks but not full-time nursing.

IL

Independent Living For self-sufficient seniors seeking community and minimal assistance.

MC

Memory Care Specialized care for those with Memory Loss, Alzheimer's, or dementia, ensuring safety and support.

SNF

Nursing Homes 24/7 care needed

Indianapolis (Chapel Hill / Ben Davis)
132
Yes
A+
10
WESTSIDE SNF OPERATIONS LLC
48.0%
$14,112,697.00
$5,941,844.00
42.1%
89.80
2/5
3.4864
1/5
2/5
5/5
76
1
-43%
+1%
-31%
Studio / 1 Bed / 2 Bed
Story Cottage
MC

Memory Care Specialized care for those with Memory Loss, Alzheimer's, or dementia, ensuring safety and support.

Indianapolis (Meridian Hills/Williams Creek)
-
No
-
25
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Avalon Senior Living – Indianapolis
AL

Assisted Living For seniors needing help with daily tasks but not full-time nursing.

MC

Memory Care Specialized care for those with Memory Loss, Alzheimer's, or dementia, ensuring safety and support.

RC

Respite Care

Indianapolis (Galludet)
-
No
-
11
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-

Places of interest near Story Cottage

Address 10.2 miles from city center — 2.39 miles to nearest hospital (Ascension St. Vincent Hospital - Indianapolis)

Address 413 E 86th St, Indianapolis, IN 46240

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Guides for Better Senior Living

Care Cost Calculator: See Prices in Your Area

Nursing Home Data Explorer

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The True Cost of Assisted Living in 2025 – And How Families Are Paying For It

Understanding Senior Living Costs: Pricing Models, Discounts & Financial Assistance

Financial Aid for Indiana Seniors

Get financial aid guidance

Aged and Disabled Waiver

Indiana Medicaid A&D Waiver

Age 65+ or disabled, Indiana resident, Medicaid-eligible, nursing home-level care need.

~$2,829/month (300% FBR, individual).

$2,000 (individual), $3,000 (couple).

Requires level-of-care determination.

CHOICE Program

Indiana CHOICE

Age 60+, Indiana resident, at risk of nursing home.

~$2,000/month (varies).

$10,000 (individual).

Limited funding; regional variation.

Residential Care Assistance Program (RCAP)

Indiana Residential Care Assistance Program

Age 65+, or blind, or disabled, Indiana resident, in approved facility, low-income or SSI recipient.

~$1,004/month (including SSI).

$2,000 (individual), $3,000 (couple).

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

Medicare Savings Program (MSP)

Indiana Medicare Savings Program

Age 65+ or disabled, Indiana resident, Medicare Part A/B.

~$2,510/month (QMB), ~$3,380/month (SLMB), ~$3,598/month (QI)—individual.

$9,430 (individual), $14,130 (couple).

Three tiers; no waitlist.

National Family Caregiver Support Program (NFCSP) Respite

Indiana NFCSP Respite Care

Caregivers of 60+ needing care or 55+ caregivers of others; Indiana resident; functional needs (2+ ADLs).

Prioritizes ~$24,980/year (individual); no strict cap.

Not assessed; need-based.

16 AAAs; prioritizes low-income, rural caregivers.

Senior Community Service Employment Program (SCSEP)

Indiana SCSEP

Age 55+, unemployed, low-income, Indiana resident.

~$1,983/month (125% FPL).

Not specified; income-focused.

Priority for veterans, rural residents.

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

Indiana VA Aid and Attendance/Housebound

Age 65+ or disabled veteran/spouse, Indiana resident, wartime service, need for ADL help (A&A) or homebound.

Net income < ~$1,984/month (veteran with dependent, A&A); pension offsets income.

~$155,356 (net worth limit).

High veteran demand statewide.

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