Many people worry about having memory loss when they get older. Sometimes we think of this as part of aging … and yes, it is true, live past 80 and you have a good chance of suffering from memory loss of some type, and you may need to be supervised because of memory loss.
We hear about people like former President Ronald Reagan, who suffered from Alzheimer’s. But the fact is it can happen at any age and there are 50 or more types of dementias that can impact us.
The cost of supervision because of memory loss is high. Without Long Term Care Insurance, this cost comes out of your pocket since health insurance and later, Medicare do not pay for this type of care. Medicaid, the medical welfare program, will pay for this type of care but only after you exhaust your assets. Not something most people want to have happen. Nor can you depend of family to take care of you when this happens since they have their own families and career and caregiving is a full time job.
So two issues exist … how to pay for this care and when to know if you, or a loved one, may have an issue with memory loss. First, remember, you buy Long Term Care Insurance before you get old and require care. Premiums are based on your age and health at the time of application and are intended to remain level.
Most people I speak with are ages 40 to 68 and premiums are very affordable and much less expensive the younger you happen to be. Plus, many states have partnership programs in place which provide dollar for dollar asset protection.
But what if a loved one, or perhaps yourself, are afraid you may have an issue NOW?
Some of things to ask. Do you or a loved one suffer from forgetfulness? Perhaps you or a loved one seems confused at times or perhaps suffer from a decline in thinking or reasoning skills?
These are among the Alzheimer’s disease symptoms that affect men and women. While this usually happens as one ages … sometimes it can impact people in their 50’s or even younger.
Yes, the frequent mistakes or forgetfulness you or a loved one may experience could be just a temporary lapse, stress or a drug you could be taking. If you have any doubt you should have your loved one speak with a doctor.
Here are six symptoms of Alzheimer’s disease you should never ignore in yourself or a loved one:
- Memory loss: This is what comes to mind for many people when thinking about Alzheimer’s disease or dementia. Sure, misplacing your keys is common and usually means nothing. However, if you are a loved one is putting objects is unusual places, such as placing your keys in the refrigerator or other strange locations could indicate serious memory lapses. If you notice you or a loved one are frequently asking the same question again or again or are forgetting appointments or conversations, it could signal Alzheimer’s, says the Mayo Clinic. Forgetting the names of family members or everyday items is another symptom.
- Disorientation: Alzheimer’s symptoms include confusing times and locations. Does your loved one or you lose track of dates or seasons? Forget where you are or how you got there? Is it difficult to understand surroundings at times? If so, speak with a doctor.
- Speaking difficulties: It’s normal to lose yourself in a conversation and forget the correct word to use occasionally. This can happen at any age, but if you or a loved one finds that you’re unable to use the right word to describe a simple object or are having trouble following a normal conversation or stopping in the middle of a conversation with no idea how to continue, then again, speak with a doctor.
- Forgetting familiar tasks: Are you or your loved one finding it difficult to perform daily activities that were once routine? Having trouble driving to a familiar location? People with Alzheimer’s can lose their ability to take the simple steps in cooking a basic meal or even understand how to play their favorite game, says Alzheimer’s Association. If so, speak with a doctor.
- Reasoning: If you or a loved one has noticed difficulty in dealing with numbers more than usual this could be another sign. Issues like balancing a checkbook and finances that were once easy to do, but is now becoming more challenging than this could be a sign of a problem. Alzheimer’s patients develop an inability to recognize numbers.
- Behavioral changes: Have you or your loved one given up on favorite activities? The disease often causes people to withdraw from social interaction because of depression and anxiety. Alzheimer’s disease symptoms may also include mood swings, distrust in others, changes in sleeping habits and irritability.
This is why planning ahead for the issues of aging so you can protect your future retirement and 401k and other assets is so key. Long Term Care Insurance is very, very affordable. But do speak with a specialist.
The American Association for Long Term Care Insurance (AALTCI: www.aaltci.org) says only work with a specialist who represents all the top insurance companies and has at least 500 active clients in Long Term Care Insurance. This way you know they have the experience to make the proper recommendations.
In my case I have over 2000 clients and I do represent all the top companies. Learn more at www.mccannltc.com