The #Devastating #Cost of #Alzheimers Care
The information comes from a new report at Caring.com, a subsidiary of Bankrate. Costs include out-of-pocket expenses for assisted living, professional in-home caregivers, medication and medical bills, incontinence products, wandering products, transportation and other expenses.
Caring.com notes that 62% of those surveyed are paying for Alzheimer’s care out of their own pockets, and 51% are using their loved one’s savings. A third use government benefits and 42% use the patient’s health care plan, while 16% use a credit card and 10% use long-term care insurance.
Andy Cohen, Caring.com’s CEO, said:
More than 5 million Americans are living with Alzheimer’s, and that number is expected to triple as the population continues to age. The majority…
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