Help With Planning for the Financial Impacts of Dementia
When a spouse, parent or other family member is diagnosed with Alzheimer’s or any other type of dementia, it can be a challenge. I feel there are two unavoidable realities that families will have to face. First, there are the challenges of being a caregiver. Secondly, families need to plan for and deal with the costs of care.
As if the symptoms of dementia are not enough to have to deal with, other concerns begin to come into focus. Families must navigate the new challenges of providing the kind of care necessary for someone with dementia. Moreover, families also have to try to figure out how to pay for the often, long-term care expenses.
My Grandfather
It was difficult to watch my grandfather progress through the stages of Alzheimer’s. I was much younger when this happened and I was not involved in providing care or dealing with any of the financial aspects of his disease. Frankly, back then, it was all I could do to process and cope with the changes in his thinking and behavior.
If there is ever a need for me to be a primary caregiver for someone with Alzheimer’s or dementia, this would be a new experience. Honestly, I would be more than a little lost and unsure of how to financially plan for the possible costs.
A Resource for the financial side of Alzheimer’s:
Additional Information
Video Below is from Fox Business
Video below from Idaho News 6