Financial Planning in Alzheimer's Disease

Alzheimer's Disease: Financial Planning

• Introduction
• Alzheimer's disease - developing a financial plan
• Medical coverage in Alzheimer's disease
• Investigate long- and short-term disability insurance
• What is Medicare?
• What are Medicare's coverage options?
• Medicare coverage of skilled nursing care facilities
• Medicare coverage of home care
• What is Medicaid?
• How do people receive Medicaid benefits?
• Who is eligible for Medicaid?
• Medicaid coverage

Introduction

As you and your family evaluate your long-term care needs for dealing with Alzheimer's Disease, it is important to consider financing options including health coverage, Medicare and Medicaid. Long-term financial planning is important for everyone -- but is essential if you are coping with the expense of a long-term illness, such as Alzheimer's disease. Many people pay careful attention to their health after they are diagnosed with Alzheimer's. They research their treatment plan, take their medications on schedule, and consult with their physician regularly. However, it may take some time for patients and caregivers to realize that a progressive illness like Alzheimer's can have a tremendous effect on their financial well-being.

This article offers some basic information on how to handle your finances while living with Alzheimer's disease.