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My Mom Has Alzheimer's, and Her Long-Term Care Has Cost $400,000
Business Insider • • general
Key Points:
- Alison George, 52, from Raleigh, has been the primary caregiver for her mother with late-stage dementia since 2014, after also caring for her father who died in 2023 from Lewy body dementia.
- The cost of her mother's long-term care has been extremely high, totaling about $389,000 since 2021 for memory care facilities, not including additional medical expenses.
- Despite her parents having pensions and savings, neither had long-term care insurance, which has contributed to the financial strain; her mother’s care now costs approximately $5,500 out-of-pocket monthly.
- Her mother’s condition has severely declined, requiring full assistance with daily activities and residing in a Medicaid facility, although she does not qualify for Medicaid herself.
- George and her sisters manage their mother’s care and finances closely, with about 24 to 30 months of funds remaining, emphasizing the emotional and financial challenges of caregiving without expecting inheritance.
