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Financial Planning Options for Caregivers Available On-Demand

Allsup and National Family Caregivers Association post webinar and toolkit online

Belleville, Ill. - August 24, 2011 - If balancing a budget is difficult for our nation's leaders, imagine the challenges facing family caregivers in these rough economic times. A recent survey of more than 1,400 self-identified, high-burden family caregivers showed that nearly 80 percent were concerned about meeting their monthly financial needs, according to the National Family Caregivers Association (NFCA) and Allsup, a nationwide Social Security disability representation company. [1]
To help family caregivers who are caring for a parent, chronically ill or disabled individual learn how to manage their loved one's finances, Allsup and NFCA developed the "Financial Planning for Family Caregivers"webinar and companion toolkit.
The 48-minute webinar features information on options for helping care recipients with their financial matters, including informal ways to assume control over finances, as well as formal or legal methods.  Family caregivers can choose specific topics by clicking on the webinar slide menu, and can skip or repeat slides. No special software or media player is needed to access the webinar.
The live webinar took place Feb. 24, 2011, and the on-demand version is now available at
"Caregiving families have higher out-of-pocket healthcare and related costs than non-caregiving families," said NFCA President and CEO Suzanne Mintz. "This is especially true for caregivers who provide so much care that they are heavily burdened. Family caregivers often don't know what they need to do regarding their own financial matters, and even less so when helping their care recipient."
When family caregivers turn to NFCA for help, some of the most common questions include:
  • How can I manage our day-to-day finances so that I have some control?
  • How can I plan so that money is available when I may need care?
  • What can I do to protect myself from being overwhelmed or drowned by large or unexpected costs?
  • Are their public or private programs that can help? 
The webinar provides answers to these questions. In addition to helping family caregivers manage a loved-ones finances, the webinar and toolkit provide information that will help them manage their own personal finances as well.
"The sooner you get control of your finances, the better chance you have to avoid financial pitfalls," said Paul Gada, Allsup personal financial planning director and webinar host. "This webinar explains, in practical everyday terms, many of the legal and financial tools caregivers can use to make the most of what they have and get more of what they need." Caregivers will be able to send their questions directly to Gada via an email link at the end of the webinar.
Access the free "Financial Planning for Family Caregivers" webinar at Access the free "Financial Planning for Caregivers Toolkit" at
National Family Caregivers Association (NFCA) is the nation's leading family caregiver organization working to improve the quality of caregivers' lives. Addressing the common needs and concerns of all family caregivers, regardless of their loved ones' age or diagnoses, NFCA provides services in the areas of education, support and advocacy to build the confidence and capability of family caregivers and remove the barriers that make family caregiving so much harder than it needs to be. Celebrating its 18th anniversary this year, NFCA is known as the organization that put a face on family caregiving and brought it to the attention of the public. Visit
Allsup is a nationwide provider of Social Security disability, Medicare and Medicare Secondary Payer compliance services for individuals, employers and insurance carriers. Founded in 1984, Allsup employs nearly 800 professionals who deliver specialized services supporting people with disabilities and seniors so they may lead lives that are as financially secure and as healthy as possible. The company is based in Belleville, Ill., near St. Louis. Visit

[1]Allsup-NFCA High-Burden Family Caregiver Survey, April 2011.   Unpublished raw data.

Contact Allsup: Contact NFCA:
Tai Venuti Lisa Winstel
800-854-1418 ext 68573 301-942-6430