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Caregiver Financial
Assistance Program
We at the Carol Ann Sanders Foundation understand the challenges - physical,
emotional and financial - associated with Alzheimer's dementia. Many times the
financial obligations can seem overwhelming, with virtually no relief in sight.
And understandably so. Consider the following statistics from the Alzheimer's
Association:
- The average lifetime cost of care for an individual with
Alzheimer's disease is $170,000
- More than 7 out of 10 people with Alzheimer's live at home, where
family and friends provide almost 75% of their daily care
- The remainder is paid care costing an average of $12,500 per year.
Almost all families pay this expense out of pocket
That's where we can help! The Carol Ann Sanders Foundation provides financial
assistance to families for necessary expenses related to the care and support of
their loved one diagnosed with Alzheimer's disease. The Caregiver Financial
Assistance Program is designed to help sustain a quality of life for the
individual within the home and family unit as an alternative to institutional
care and is dedicated to helping alleviate the financial responsibilities of
caregivers.
November 2009 Marks our 5th Year in Helping those
with Alzheimer's disease. Thank You for Your Support!
Program Guidelines
If your situation meets
the following program criteria, we invite you to
submit an
application for financial assistance.
Note: The application is in .pdf
format and requires Adobe Reader.
- The patient must be diagnosed by a
practicing, certified physician as suffering from "Alzheimer's disease,"
"probably Alzheimer's disease," or dementia of Alzheimer's type." The
physician's statement must have one of the above diagnoses for the patient
to be eligible.
- Grants of up to $500 are provided on the
basis of need for such expenses as short-term nursing care, home health
care, respite care, adult day care, medications, medical or personal hygiene
supplies, transportation, and other expenses related to the care for a
patient with Alzheimer's disease. Grants are not provided for payment of
nursing home fees.
- Applications are funded based on
established need and on a first-come, first-served basis. First-time
applicants will receive priority review; repeat applicants are placed on a
waiting list and will be considered as funding becomes available.
- Liquid assets (which include cash,
checking and savings accounts, money market accounts, stocks, bonds, and
mutual funds) of the patient and caregiver may not exceed $10,000. Liquid
assets do not include the patient's car or house. However, all other assets
will be taken into consideration in determining basis of need.
- Applications must include original
signature and a corroborating statement from the patient's physician, health
professional or social worker before they are presented to the CFAP Review
Committee for consideration of funding.
- The extent to which assistance can be
provided, as well as the number of patients who can be helped, is determined
by the availability of funds. Occasionally, it may be necessary to place an
approved request on a waiting list until funds become available.
- Grant recipients or candidates who have
been denied funding may apply more than once, but they must wait to re-apply
until the following calendar year. Applicants are encouraged, however, to
explore alternative sources for additional help.
- The CFAP Review Committee meets regularly
each month. Applications received by the 15th will be considered in that
month's meeting. Any applications received after that date will be reviewed
the following month.
If you have questions concerning Alzheimer's
disease or specific treatment options, we recommend you consult a qualified
physician, or visit the Alzheimer's Association online at
www.alz.org for more resources and information.
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