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Records of long term care costs by state show a big portion of funds for the health industry are being allotted to patients with Alzheimer’s. In fact the industry has predicted the federal government will be shelling out more than $20 trillion in 2050 for Alzheimer’s patients alone. According to a study which the Alzheimer’s Association performed on the current Alzheimer’s-stricken population of America, 45% is comprised of individuals who are within the age bracket of 75 to 85. That’s less than half of the total population of the country isn’t it? However, it’s not a reason for us to rejoice because it does not signify that cases of Alzheimer’s have dropped. Truth of the matter is that not only the elder ones are the target of the disease nowadays, but younger ones as well. Approximately 4% of New York’s population that are below 65 years old are currently braving Alzheimer’s, and this number is not yet inclusive of individuals struggling from Early Onset Alzheimer’s Disease (EOAD); most of whom are aged 45 and below. Alzheimer’s disease remains incurable, but of course any family member or friend of an individual who’s down with the disease could only hope for a miracle. At the moment the most that they can do is to provide endless care, understanding and support to their Alzheimer’s-stricken loved one. According to research, the number of Alzheimer’s cases increases every 70 seconds. At present, more than 5.2 million people in the entire USA are receiving long term care due to Alzheimer’s. By calculating the long term care costs by state, and after having summed up the results taken from all 50 states, the Alzheimer’s Association said the nation’s total amount of expenditures for Alzheimer’s alone has reached $183 billion. Medicare has shouldered half of the total expenses while Medicaid footed $37 billion of the total amount. Each Alzheimer’s case requires unique and special medical attention as this disease comes in different forms and stages of severity. The more severe your case, the higher are your LTC expenses. Based on the data of Alzheimer’s Long Term Care costs by state, a patient who is mildly affected by the disease will spend roughly $9,450. On the other hand, individuals with moderate Alzheimer’s could spend around $25,000, while those whose condition is worse could fork over a whopping $36,800. Due to the very high cost of LTC which most patients of Alzheimer’s cannot possibly afford, their families and friends have opted to take care of them. Financial statistics courtesy of the Alzheimer’s Association revealed that the long hours which family members of Alzheimer’s patients have allotted to unpaid care is tantamount to a monetary value of $13,450,000,000. Critical health conditions such as Alzheimer’s are supposed to be handled by medical practitioners such as licensed doctors and nurses. Unfortunately, due to the continuous rise in LTC cost plus the fact that not everybody has acquired Long Term Care insurance policies, families and friends of Alzheimer’s patients have decided to take upon their shoulders the burden and expenses that come with their desire to see their loved ones live longer. ------------------ Complete Long Term Care is a resource website where you can find everything you need to know about Long Term Care insurance and some useful tips on how you can save on your Long Term Care insurance premiums.
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