Alzheimer’s and other forms of dementia affect more than 7 million Americans, as 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:
- Check your family’s health insurance options, including Medicare, supplemental medical policies, long-term care policies and even veterans’ benefits.
- Ensure legal documents are in place — such as a durable power of attorney for finances and health care decisions. An attorney can help.
- Look to see whether there are tax credits and deductions for caregivers who pay health care costs out of pocket. 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 Phil Sunderland, your Edward Jones financial advisor at 570.513.0910, and the Breakfast Sponsor at Marshall, Parker & Weber’s 30th Professional Update.
*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.