Financial Steps To Prepare For Alzheimer's and Dementia
Alzheimer’s and other forms of dementia affect more than 7 million Americans, per a 2025 report by the Alzheimer's Association. The emotional toll of watching a loved one's health decline can be overwhelming. And the financial burden can be significant too.
Hopefully these diseases never impact your family, but it’s important to be financially prepared. Here are some steps to consider:
First, check your family's health insurance options, including Medicare, supplemental medical policies, long-term care policies and even veterans' benefits.
You'll also want to ensure legal documents are in place — such as a durable power of attorney for finances and health care decisions. An attorney can help.
For caregivers who pay health care costs out of pocket, there may be tax credits and deductions. These benefits vary by state, so consult with a tax advisor about your eligibility.
Work with qualified professionals to take proactive financial steps. It can help provide confidence for the journey ahead.
This content was provided by Edward Jones for use by This article was written by Edward Jones for use by your local Edward Jones Financial Advisor, Alan Bell, AAMS™, 222 Great Road (Donelan's Plaza), Suite 8, Littleton, MA 01460, (978) 486-1059, alan.bell@edwardjones.com.
Edward Jones, its employees and financial advisors cannot provide tax or legal advice. You should consult your attorney or qualified tax advisor regarding your situation.
Edward Jones, Member SIPC
Hopefully these diseases never impact your family, but it’s important to be financially prepared. Here are some steps to consider:
First, check your family's health insurance options, including Medicare, supplemental medical policies, long-term care policies and even veterans' benefits.
You'll also want to ensure legal documents are in place — such as a durable power of attorney for finances and health care decisions. An attorney can help.
For caregivers who pay health care costs out of pocket, there may be tax credits and deductions. These benefits vary by state, so consult with a tax advisor about your eligibility.
Work with qualified professionals to take proactive financial steps. It can help provide confidence for the journey ahead.
This content was provided by Edward Jones for use by This article was written by Edward Jones for use by your local Edward Jones Financial Advisor, Alan Bell, AAMS™, 222 Great Road (Donelan's Plaza), Suite 8, Littleton, MA 01460, (978) 486-1059, alan.bell@edwardjones.com.
Edward Jones, its employees and financial advisors cannot provide tax or legal advice. You should consult your attorney or qualified tax advisor regarding your situation.
Edward Jones, Member SIPC