Taking care of an aging loved one with Alzheimer’s disease
or other cognitive conditions is costly. It costs 42% of Americans $20,000
annually and about a third of those shell out $30,000 or more annually.
According to Caring.com, 62% of Americans pay out-of-the-pocket, 51% use their
loved one’s savings and only 10% use long term care insurance coverage. This
only shows how unprepared Americans are in terms of paying for the high cost of
long term care. The cost will continue to go up and as a matter of fact,
Alzheimer’s care will cost around $1.2 trillion in 2050.
Original Source: http://news.yahoo.com/devastating-cost-alzheimer-care-182557253.html
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