“Opinion: What the rise of dementia may mean for your financial future,” by Angie O’Leary, MarketWatch
“From the outset, a dementia diagnosis necessitates services and care that bring about a mountain of expenses. Early on, families tend to step in as caregivers and coordinators, helping with everything from routine activities, like shopping and medical appointments, to daily tasks, like bathing and dressing. This can add to the financial burden in the form of lost wages, career disruptions and out-of-pocket expenses. It’s important to note that the vast majority of family caregivers are women, which means they are likely to feel outsize effects of these specific financial burdens.”
LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Reality check recommending LTC insurance, but not Medicaid.