Financial management guide for Alzheimer’s caregivers
Not only is Alzheimer’s disease the seventh-leading cause of death, but it is among the most financially taxing diseases that we and our loved ones will ever encounter.
While every person facing Alzheimer’s or other forms of dementia may approach the disease differently, there is a range of care options that need to be understood. To help families anticipate the options available to them, the Alzheimer’s Association is offering a free webinar in July: Caregiver’s Guide to Managing Money.
Alzheimer’s Association experts cite the following median costs for long-term care services in 2022:
• Home care: A paid nonmedical home health aide is $28 per hour and $1,113 per week (assuming 40 hours of care per week).
• Adult day services: $80 per day.
• Assisted living facilities: $4,635 per month or $55,620 per year.
• Semi-private room in a nursing home: $268 per day or $97,747 per year.
• Private room in a nursing home: $306 per day or $111,657 per year.
One of a series of webinars offered during July, Caregiver’s Guide to Managing Money will feature tips for managing a loved one’s finances, how to prepare for future care costs and the benefits of early planning. The webinar will be offered from 11 a.m. to 1 p.m. Tuesday, July 26
Other free Alzheimer’s Association webinars scheduled in July include:
• Effective Communication Strategies – 11:30 a.m. to 1 p.m. Tuesday, July 19. This workshop teaches caregivers to decode verbal and behavioral communication from someone with Alzheimer’s and other dementias. Develop strategies for having meaningful connection with people in differing stages of dementia.
• Understanding & Responding to Dementia
Related Behaviors – 11:30 a.m. to 1 p.m. Thursday, July 21. Behavior is a powerful form of communication and is one of the primary ways for people with dementia to communicate their needs and feelings as the ability to use language is lost. However, some behaviors can present real challenges for caregivers to manage. Join us to learn to decode behavioral messages, identify common behavior triggers, and learn strategies to help intervene with some of the most common behavioral challenges of Alzheimer’s disease.
• Caregiver’s Guide to Managing Money – 11 a.m. to 1 p.m. Tuesday, July 26. If you or someone you know is facing Alzheimer’s disease, dementia or another chronic illness, it’s never too early to put financial plans in place. Join us for Managing Money. This free Alzheimer’s Association education program will feature tips for managing someone else’s finances, how to prepare for future care costs and the benefits of early planning.
Like all programs and services of the Alzheimer’s Association, the webinars are offered at no charge, but registration is required. To register, call the free Alzheimer’s Association 24/7 Helpline at 800-2723900. To learn more about Alzheimer’s Association programs and services, go to www.alz.org.