The costs of taking care of Alzheimer’s patients have skyrocketed to the point that it is now called the country’s most expensive disease, a tag that likely applies also in Texas. This is an unfriendly subject that most people want to leave in the distant shadows of their mind. However, the numbers of people suffering from the disease — or from its cousin, dementia — is rising, and the elder law issues related to planning cannot be conveniently avoided.
As our life expectancy goes up, the incidence of these diseases is becoming more prevalent, and the odds of getting either of them is increasing substantially. There are important reasons why long-term care planning make sense with respect to this topic. For one thing, modern medicine and science are taking up the research of Alzheimer’s on a widescale basis. More medicines have been approved and more are coming out each year.
The tremendous suffering that comes with the disease may not have to be quite so ominous in coming years. The future may not be so bleak due to the advent of new treatments and medications that are coming out each year. A reasonably comfortable quality of life may soon be achieved for the maintenance of people with these illnesses. If so, one who has planned properly for the long-term care prospects will be ahead of the curve.
It will be much easier for a prepared Texas resident to tap right into the medical treatments desired and to have them paid instead of struggling mightily trying to figure out how to obtain them. The same applies to obtaining the medications, including experimental brands, that one needs. It takes just a bit of work to inventory one’s assets and financial resources. Next, the most effective path to planning is to obtain a consultation with an experienced elder law attorney to discuss the options and funding mechanisms that will fit the person’s situation most appropriately.
Source: inforum.com, “Column: Planning for the unknown of Alzheimer’s Disease”, Sue Spalding, April 14, 2017