With millions of Australians on disability support payments, there are thousands of Australians facing financial hardship.
With the Alzheimer’s Association of Australia’s Endowment Fund and the Australian Financial Assistance Fund’s Slush Fund both struggling financially, the organisation has decided to launch a new fund to help people with dementia and Alzheimer’s.
The Alzheimer’s Endowments Fund will provide financial assistance to Australians with dementia.
“The Endowment Funds have been the focus of the Alzheimer Association of Australian Governments (AAAG) research and advocacy efforts for the past decade,” said Anna Kesselman, senior vice president of Alzheimer’s Australia.
She said the funds were also a significant part of the organisation’s efforts to improve access to quality healthcare and provide support for Australians with cognitive impairment.
Ms Kesselmann said there were about 12,000 Australians with the diagnosis of Alzheimer at the end of last year.
There were about 10,000 people who were at risk of being underfunded and this was a major concern.
So, to assist these people in finding the financial support they need, we have established a new Alzheimer’s Trust Fund.
“We are providing the funds for people who have Alzheimer’s who have been able to access disability support through the disability support pension, but who are not eligible for these services.”
People can use the funds to buy the essential essentials that they need and the funds are available to provide up to $20,000 in financial support for people on disability benefits.
“Ms O’Connell said she would also be offering financial support to Australians who were able to claim the Disability Support Pension, but were unable to use it due to their age.
It is hoped that the fund will help improve the quality of care for people living with dementia in the community.”
The Trust Fund will also be a way for Australians who have a disability to help the family and friends of people who are living with a disability find the financial resources they need,” she said.
For more information, contact the Alzheimers Australia Endowment fund on 1300 899 930.
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