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Help Paying For Alzheimer Care – Finance Options

Help Paying For Alzheimer Care

Alzheimer's Care Center Claremont, CA

Alzheimer’s Care Costs. Who Pays?  It is no secret that long term care for seniors is a costly affair.  It is estimated that 50% of the long-term care cost provided in the U.S. are out-of-pocket expenses.   Care for a person with Alzheimer’s falls into two categories:

  • Medical expenses
  • Non-medical services

Each are paid separately.

Here are some ideas on how to help pay for alzheimer care:

1. Private Pay Income

Social Security Payment
Interest / Dividend from Investments
Personal Assets

2. Rental Income

From own residence or rental property
Reverse Mortgage Income

3. Veterans – Aid & attendance program

Veterans with Honorary discharge receive the following benefits:

$1654 per month for veteran
$1056 per month for spouse

4. Long Term Care Insurance

You will find this information Under Assisted Living Benefits or Under In-Home Care Benefits of your policy.

5. Medi-cal – Assisted Living Waiver Program (ALWP)
Two facilities approved under ALWP
Mountain View Center – 715 W. Baseline Rd., Claremont, CA 91711 and
Mountain View Cottages I – 1147 Cleghorn Dr. Diamond Bar, CA 91765

The following organizations also offer assistance with finding financial help:

Eldercare Locator
1-800-677-1116 (toll-free)
www.eldercare.gov

National Council on Aging
1-202-479-1200
www.benefitscheckup.org

LeadingAge (formerly the American Association of Homes and Services for the Aging)
1-202-783-2242
www.leadingage.org/paying_for_aging_services.aspx

Family Caregiver Alliance
1-800-445-8106 (toll-free)
www.caregiver.org/caregiver/jsp/fcn_content_node.jsp?nodeid=2083

 

For more information, please call (888) 533-6633. We can help.