logo_bg We Can Cure Alzheimer's Now
 
 

7 Tips for managing Alzheimer’s costs

Today one in three seniors dies with Alzheimer's disease or another form of dementia, according to the Alzheimer's Association. Yet Alzheimer's -- which can last anywhere from two years to two decades -- is rarely at the center of most discussions on retirement finances.

How can you help a stricken loved one cope financially with this chronic and often long-term disease? Here are seven tips that can help ease the process.

1. Avoid Denial

With Alzheimer's disease, patients and their families can face a long, difficult journey as the disease progresses. Mary Barnes, executive director of Alzheimer's Community Care in West Palm Beach, Florida, says that acceptance of the disease is a crucial first step to dealing with it.

"(Alzheimer's) disease can last two to 20 years, with the average being 10," says Barnes. "It is so important for family to reach out and learn what the resources are and not be in denial."

 

2. Tap local resources

3. Plan ahead

4. Check for spending irregularities

5. Carefully compare care options

6. Get family members involced

7. Be prepared to change your care plans

 

Read the full article here