Financial concerns are such a critical part of dealing with Alzheimer’s, and really, eldercare in general. Many people fail to sufficiently plan for long term care, assuming that Medicare will foot these astronomical bills. Oh what a shock to find out, often too late, that is not the case at all. Medicare does not cover LTC expenses.
This article from A Place for Mom is a must read for those wanting to avoid some of the more prevalent and quite dangerous financial myths and mistakes. Let’s face it… money doesn’t grow on trees, so the sooner we start planning, the better…