Every 66 seconds, someone in the United States, often a senior citizen, receives a diagnosis of Alzheimer’s Disease, and this individual could be a cherished family member. Alzheimer’s, the most prevalent form of dementia, impacts around 5.7 million Americans aged 65 and older. As the Baby Boomer generation ages, these figures are anticipated to rise significantly. Projections suggest that by 2030, a staggering 10 million Baby Boomers will be grappling with Alzheimer’s Disease.
Initial indicators of dementia or Alzheimer’s might encompass short-term memory lapses, often mistaken for forgetfulness, difficulty finding the appropriate words, lethargy, confusion, alterations in behavior or mood, repetitive actions, challenges in following a storyline, and the incapacity to recognize familiar individuals, among other symptoms. Families with apprehensions regarding their elderly relatives should seek advice from a medical professional who can prescribe blood tests, neurological assessments, or imaging tests to validate the diagnosis.
The estimated lifetime cost (spanning eight to ten years, approximately) of caring for an individual experiencing the onset of senior dementia or Alzheimer’s is $341,840. If the primary caregiver is a family member, the costs are mitigated by 70%. In 2017, family members dedicated 18.4 billion hours to unpaid care, valued at $232 billion. However, this commitment has repercussions on their own financial resources and well-being.
Our Home Healthcare Department is dedicated to providing post-surgical care, stroke care, and Parkinson’s care. Our team members, who are highly qualified, are ready to monitor clients’ vital signs meticulously, maintaining a consistent record that can be shared with their physicians and other healthcare professionals.
The ultimate out-of-pocket expense for your family member’s care, whether covered by Medi-Cal, Medicare, or Long-Term Care insurance, and the duration of their needs—be it short-term or long-term care—is contingent on the type of insurance they possess. Malibu is also available to assist in completing, submitting, and monitoring Long-Term Care Insurance claims, ensuring timely payment.
