There is no way to tally the full cost of Alzheimer's disease, a life robbing condition that now claims more than 5 million victims nationwide. But what can be put on a ledger sheet is sobering. Alzheimer's disease is now responsible for a quarter of all claims for nursing home services.
Consumers that have put off buying long-term care insurance because of unaffordable premiums may want to think again. One-quarter of long-term care insurance purchasers under the age of 61 pay less than $1,000 per year for policies, according to a new study conducted by the American Association of Long-Term Care Insurance.