Alzheimer’s organizations, as well as the National Institutes of Health, have provided us with an abundance of statistics highlighting the financial effect of Alzheimer’s disease on the family of someone with the disease. A person who has been diagnosed with Alzheimer’s can be expected to live with the disease anywhere from six to 20 years. For many of those years, the person with Alzheimer’s will likely require paid outside help, and the cost of that help can be financially devastating.
According to Alzheimer’s Association, the average lifetime cost of care for someone with Alzheimer’s disease is $174,000. If the person who develops Alzheimer’s is relatively young, perhaps in his or her 50s, the cost soars. Nursing home costs can range from $42,000 to $70,000 a year, yet this is the kind of care many people with later stage dementia need.