Though Alzheimer’s Disease is the most common form of dementia and memory loss, hearing that you or a loved one has the disease still comes as a tremendous, devastating shock. For most people, the first response is denial, followed by an energetic search for answers to the question of how best to respond to and treat the situation. Physicians are consulted, the Internet is searched, all with the idea of preserving the patient’s abilities for as long as possible.
Alzheimer’s Disease is the 6th leading cause of death in the United States. 1 in 3 Seniors dies with Alzheimer’s or another dementia.
The good news is that many of the therapies and medications that are available today are quite effective, and can slow the progression of the disease. The bad news is that these aids are only temporary, and as those with Alzheimer’s become increasingly dependent upon caregivers, the costs can quickly become staggering. Some people choose to keep their loved ones at home for as long as possible, providing them with care in the surroundings with which they are most familiar.
Others choose to place their loved ones into a long-term care facility that is specially equipped to deal with the many health, emotional and social issues that face those with the disease. Either choice can lead to economic difficulties, as caregivers either have to give up their jobs to stay at home or spend money out of their pockets to pay the expenses that care entails.
In 2015, more than 15 million caregivers provided an estimated 18.1 billion hours of unpaid care.
Family Caregivers spend more than $5,000 a year caring for someone with Alzherimer’s Disease.
If you are struggling with the costs of caring for a person who has Alzheimer’s Disease, there are a number of different financial resources available. From government assistance and aging assistance entities to local community groups that offer respite care and national organizations that make funds available for copays and living expenses, in most cases all you need to do to get the help is to ask for it. Below you’ll find a list of organizations that have made it their mission to provide financial help for Alzheimer’s patients.
How to Pay for Alzheimer’s Care
Alzheimer’s Foundation of America
About Alzheimer’s Foundation of America: AFA provides several grant opportunities to fulfill their mission of providing optimal care to individuals with Alzheimer’s disease and related illnesses, and their families. AFA regularly provides grants to its nonprofit member organizations so that they can support families in need in their communities. These grants are a critical funding source for these grassroots organizations, which play a pivotal role in their communities as hands-on providers of care and services for individuals with Alzheimer’s and related illnesses, and their families.
Fifth Season Financial
About Fifth Season Financial: Fifth Season Financial offer the Funds for Living Program, a financial assistance resource that helps relieve the financial burden experienced by many people with a serious disease like Alzheimer’s Disease. Fifth Season’s program provides funds to people living with cancer or any other serious illness by using their life insurance policy as collateral. The funds you receive have NO RESTRICTIONS. You choose how you want to spend your money. Pay bills, take a vacation, or give a gift to someone you love. It’s your choice! The Funds For Living Program has provided over $115 million in funds to hundreds of families. Learn more: www.fifthseasonfinancial.
Alzheimer’s Association Respite Assistance Program
About Alzheimer’s Association Respite Assistance Program: The purpose the Respite Assistance Program is to provide family caregivers time to do necessary or desired activities. The program helps pay for care for a loved one while the caregiver gets a short break, or respite. With this program they hope to ease the burden on families by helping with some of the costs.
Other Possible Resources of Help for Alzheimer’s Patients, Care and Families:
Here are some other possible sources of help, depending on your situation:
- The Federal government’s Alzheimer’s website has information about how to pay for medical care and daily living services.
- Medicare, the Federal health insurance program for people age 65 or older, has information about medical and drug plans.
- The Social Security Administration’s Supplemental Security Income program pays benefits to disabled adults with limited income and resources.
The following organizations also offer assistance with finding financial help for Alzheimer’s Disease:
National Council on Aging
Fifth Season Financial
LeadingAge (formerly the American Association of Homes and Services for the Aging)
Family Caregiver Alliance
State-run Assistance Programs
In addition to the more generalized assistance programs listed above, several states have programs designed specifically for individuals with Alzheimer’s, dementia or related conditions. These programs usually don’t consider an individual’s financial income or assets as an eligibility factor. They simply require a diagnosis of Alzheimer’s, dementia or other related memory disorder to qualify for the program.
Alaska Adult Day Services
Alaska Senior In-Home (SIH) Services
Alaska Alzheimer’s Disease & Related Dementias Mini-Grants
California Alzheimer’s Day Care
Delaware Adult Day Care and Alzheimer’s Day Treatment
Florida Alzheimer’s Disease Initiative
Kentucky Adult Day Care and Alzheimer’s Respite Program
North Carolina Project C.A.R.E.
Oregon Project Independence
West Virginia Family Alzheimer’s In-Home Respite
Wisconsin Alzheimer’s Family &Caregiver Support
Vermont Dementia Care Respite