The Cost of Dementia

The cost of any illness or disability can be staggering, but the average cost of caring for a loved one with DEMENTIA can be staggering.

Dementia is the “umbrella term” for a number of cognitive disorders.  This is just a few:

  • Vascular dementia
  • Lewy Bodies
  • Parkinson’s disease dementia
  • Frontotemporal dementia
  • Mild Cognitive Impairment and
  • Alzheimer’s

Cost of Dementia Tops $157 Billion Annually in the United States. The monetary cost of dementia in the United States ranges from $157 billion to $215 billion annually, making the disease more costly to the nation than either heart disease or cancer, according to a new RAND Corporation study.  

For the “average” patient on Medicare, the cost for the final 5 years is $287,038 as compared to $175,136 for heart disease or $173,383 for someone who ultimately passes with cancer.  (Research by the Icahn School of Medicine at Mt. Sinai, NYC).

Understanding the emotional and financial struggles, it is important to seek the advice of an Elder Law Attorney along with a medical and care management team.

We are here to start the conversation.

Rick Messemer, Community Contact

Local Raleigh / Durham / Chapel Hill / Triangle NC Elder Law and Estate Planning Attorney offers professional counsel with last will and testament, revocable or irrevocable trust, power of attorney, advanced directive, Medicaid Planning, Veterans Aid and Assistance, asset protection, probate and estate administration, and other important legal matters.

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