Payment for Alzheimer’s care services can become very expensive. Knowing what expenses will be incurred throughout the progression of the disease will allow a patient to make better financial decisions. Creating what is called a long-term care budget can be beneficial to the patient and their wallet. In addition, many patients who plan to live independently, for as long as they can, will have to consider other financial responsibilities.
Financial considerations may include:
Long Term Care Expenses
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Independent Living Responsibilities
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The financial aspect of Alzheimer’s care can be overwhelming, especially if the patient has a limited income. There are services available that can help with payments but may not cover all care needs. It is important to know the options, and which ones will best suit the patient’s care and financial needs. Some services include:
- Insurance
- Savings
- Stocks
- Retirement Funds
Government programs are also available to provide assistance. Some of their programs include:
- Medicaid
- Medicare
- Veteran’s Association Benefits
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