Financial planning can help kin cope with Alzheimer's - billingsgazette.com
Financial planning can help kin cope with Alzheimer's - billingsgazette.com
Financial planning can help kin cope with Alzheimer's
By BOB MOOS
Dallas Morning News
DALLAS - Sharon McIver spends a good part of her days stretching her 86-year-old mother's dollars as far as she can. In the morning, the Dallas woman looks for sales on personal items her mother needs. After lunch, she makes a call to dispute an unusually large medical bill. And by evening, she has searched for the highest interest rate for her mother's bank certificates.
"I feel as though I'm running two households," she explains. "It overwhelms me some days."
That's a common feeling among people who care for parents with Alzheimer's disease. Adult children like McIver shoulder many tasks as caregivers, but overseeing their parents' finances can be among the most difficult.
The bills are staggering - they average $25,000 a year for home care and $50,000 a year for nursing homes. And financial resources often are limited - Medicare doesn't pay for long-term care.
Alzheimer's patients with retirement nest eggs can exhaust their savings within several years.
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Financial planning can help kin cope with Alzheimer's
By BOB MOOS
Dallas Morning News
DALLAS - Sharon McIver spends a good part of her days stretching her 86-year-old mother's dollars as far as she can. In the morning, the Dallas woman looks for sales on personal items her mother needs. After lunch, she makes a call to dispute an unusually large medical bill. And by evening, she has searched for the highest interest rate for her mother's bank certificates.
"I feel as though I'm running two households," she explains. "It overwhelms me some days."
That's a common feeling among people who care for parents with Alzheimer's disease. Adult children like McIver shoulder many tasks as caregivers, but overseeing their parents' finances can be among the most difficult.
The bills are staggering - they average $25,000 a year for home care and $50,000 a year for nursing homes. And financial resources often are limited - Medicare doesn't pay for long-term care.
Alzheimer's patients with retirement nest eggs can exhaust their savings within several years.
Silver Star with combat V - Fake claims not uncommon - More John Kerry Controversy
Silver Star with combat V
Love Quotes
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