Financial Tips for Families of Children With Autism
Families spend between $1.4M-$2.4M over their child’s lifetime when diagnosed with Autism Spectrum Disorder (ASD). Sora’s here to lower that number. Sign up here to manage your family’s debt.
Having a child with autism impacts your finances differently; we can help level the playing field. Every diagnosis is different, and that makes it more challenging for families to find information and provide the proper treatment for their loved ones.
Families need, on average, 17.8% more income per year to care for their children with diagnosed ASD. It is estimated that the lifetime cost of raising a child with ASD is between $1.4M-$2.4M – a number that can have lasting effects on a family.
Personal assistance and health care are the most expensive parts of caring for a child with autism, with medical equipment, hospitalizations, and doctor visits also adding up. Medical costs overall are paid out of pocket at twice the rate they are for those who don’t have a disability.
Sora’s tips for optimizing your finances cover the following:
- Know the ins and outs of your healthcare plan.
- You may qualify for tax breaks.
- Home improvements to accommodate a disability.
- Trips related to medical care.
- Medical equipment.
- Finding Housing Loans.
- Actively Reduce Your Debt.
Learn more about how Sora might be able support you and whether a no cost meeting with a Sora advisor is right for you, click here.