Dementia Long Term Care Costs America up to 215 Billion a Year
Last updated: February 28, 2017 at 17:46 pm
A recent study in the New England Journal of Medicine reports that Long Term Care costs for dementia is costing the U.S. as much as $215 Billion per year. The study found that only $11 Billion of this number is covered by Medicare.
The term dementia encompasses several disorders that affect the brain and cause memory loss. These disorders can also cause personality changes and interfere with normal daily activities. Dementia can be caused by strokes, brain injuries or a disease like Alzheimer’s.
One way that Long Term Care Insurance benefits are commonly triggered is when an insured needs continual supervision due to severe Cognitive Impairment. To protect yourself and your family from the potentially catastrophic costs of long term care you must purchase long term care insurance before you have a diagnosis of a serious condition like dementia.