Legal & Financial Planning
The Need for Legal Planning
If not already done, legal planning should begin soon after a diagnosis of dementia has been made. People with dementia may be able to manage their own affairs at the beginning. As the disease advances, they will increasingly need to rely on others to act in their best interest. A good way for caregivers to get an introduction to Legal and Financial Planning is to attend a free Legal and Financial Webinar. It is recommended to attend an Understanding Dementia meeting before attending the Legal and Financial Webinar.
Topics include: Durable Power of Attorney, Health Care Proxy, Wills, Guardianships, and working with an Elder Law Attorney.
For detailed information about these topics, please click here.
The Need for Financial Planning
Future costs for medical and long-term home care are often the greatest concern for caregivers. This section will address some of the resources available in planning for dementia care. A good way for caregivers to get an introduction to Legal and Financial Planning is to attend a free Legal and Financial Seminar at the New York City Chapter. It is recommended to attend an Understanding Dementia meeting before attending the Legal and Financial Seminar.
Topics include: Assessing financial situations, Tools for Money Management, Long Term Care Insurance, Veteran's Benefits, Medicare, Medicare Supplement Insurance, Medicare HMOs, and Medicaid.
For detailed information about these topics, please click here.
Pharmacy Discount Program
Hit hard by the economic downturn? Looking for relief from paying the full cost of your prescription drugs? New York State announces the New York Prescription Saver, a free prescription discount card that will help save on the cost of prescription drugs. The card is for New York State residents who are 50 to 64 years old, or persons with a disability regardless of age. Income eligibility limits are up to $35,000 single and $50,000 married. Those with Medicaid coverage are not eligible.
Taxes and Alzheimer's
Before you send your tax returns to the IRS, make sure you get the tax-savings you deserve. As a caregiver for a loved one with dementia, you may qualify for tax deductions and credits.