Edward Jones Urges Planning for 7 Million Americans With Alzheimer’s
Updated
Updated · Journal Advocate · Aug 18
Edward Jones Urges Planning for 7 Million Americans With Alzheimer’s
2 articles · Updated · Journal Advocate · Aug 18
Summary
More than 7 million Americans have Alzheimer’s, and Edward Jones says families should prepare early for long-term care costs that Medicare does not fully cover.
Key steps include reviewing Medicare, supplemental insurance, veterans benefits and any long-term care riders to gauge coverage for in-home care, adult day care and residential care.
Edward Jones also advises families to map assets and debts, set up durable powers of attorney before cognitive decline worsens, and consider living trusts to manage property and investments.
Protective measures in early stages can include auto-pay, joint checking accounts, credit freezes, fewer credit cards and close monitoring to reduce missed bills and financial exploitation.
The firm says caregivers may qualify for state-specific tax credits or deductions and should coordinate with financial, legal and tax advisers on a broader dementia plan.