Dementia is growing at a significant rate and it is expected to affect over one million people worldwide by the year 2025.
Did you now that according to the Alzheimer’s Disease International, someone in the world ends up developing dementia every 3 seconds. And with no cure, it only continues to get worse.
With dementia growing at an alarming rate, many are concerned about not only the effects of developing dementia, but all the financial costs that comes with it.
The cost of dementia across the United State ranges between $157 billion dollars to $215 billion dollars annually. The National Institute on Aging has found in recent year that health care costs of dementia is greater than any other disease.
Since dementia is a progressive disease, the cost will vary, depending on each situation. Costs like bills, insurance and physician bills are just some of the costs that one with dementia is still responsible for.
On top of those basic and everyday financial bills, there will be unexpected costs that will pop-up. As the dementia progresses, there are more costs that could arise. For example, you will need to update your home so that it is safe for someone with dementia. And eventually, you may even need to pay for in-home care.
Before it is too late, it is important to get all of your ducks in a row. First, talk to your doctor about the signs of dementia and what you can do to mitigate the onset of dementia. Next, discuss your future and financials with a professional. It is never too early to set-up a plan for when something happens, like dementia.
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By reading this blog, I acknowledge that I am not creating or entering a clinical or medical relationship with Dr. DenBoer and SMART Brain Aging. I understand that all materiel included in this blog is strictly for informational purposes only. The content is to provide me with information and knowledge and I will not substitute it for diagnosis, treatment or medical advice. I am aware the author does not hold a medical degree or license and is simply providing me additional information on a variety of health topics.