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Parkinson's Disease Cost in Australia

Lifetime risk: 1 in 250 (1 in 100 over age 60) Australians will be diagnosed with Parkinson's Disease

Cost Breakdown

Lifetime Out-of-Pocket Cost
$190,000
Treatment Costs
  • Aids, equipment and adaptations$721
  • Formal care, accommodation and travel$296

Source: Zurich Cost of Care Volume 2. Costs are averages and may vary based on individual circumstances.

Risk Statistics

Lifetime Risk
1 in 250 (1 in 100 over age 60)
Age Prevalence
1 in 5 people with PD are under 50 years old
Current Cases in Australia
200k
Annual Deaths
3k
Key Statistics
  • Young Onset: 1 in 5 diagnosed under age 50
  • New Cases Per Day: 38
  • Mobility Aid Usage: 80% use mobility aids
  • Under 40 Diagnosis: 1 in 10 diagnosed before age 40
  • Mean Disease Duration: 15.3 years

Source: Zurich Cost of Care Volume 2. Statistics represent Australian population averages.

Financial Impact

Individuals with Parkinson's disease can expect to pay over $190,000 in out of pocket expenses over their lifetime. Much of this cost is for treatments as well as mobility aids, home modifications and travel. Parkinson's disease affects the person's capacity to work. Many people spend more days absent from work and retire early.

Recovery Period
Progressive degenerative condition

Insurance Coverage Considerations

Total & Permanent Disability (TPD)

Higher Priority
Common Amount
$600,000
From: $300,000

Parkinson's Disease is a progressive condition that typically prevents return to work. TPD coverage of 5-10x annual income helps maintain financial security.

Important: The information above is based on average costs and factual data. It does not take into account your individual circumstances, needs, or financial situation.

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This is general advice only and does not take into account your individual circumstances, needs, or financial situation. You should consider the appropriateness of this general advice before acting on it. Please read the Product Disclosure Statement (PDS) before making a decision. Consider seeking personal advice from a licensed financial adviser. AR: 1244847 | AFSL: 246623

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Related Brain & Nervous System Conditions

Dementia

Annual cost: $17k/year

Risk: 1 in 12 aged 65+, 2 in 5 aged 90+

Epilepsy

Lifetime cost: $27k

Risk: 1 in 25

Multiple Sclerosis

Annual cost: $48k/year

Risk: 1 in 330

Motor Neurone Disease

Lifetime cost: $201k

Risk: 1 in 300

Important Information

Cost estimates are from Zurich Cost of Care Volume 2 research and represent averages. Your actual costs may vary.

Insurance coverage recommendations are general in nature. This is general advice only and does not take into account your individual circumstances. Speak with a licensed adviser to determine appropriate coverage for your situation.

AR: 1244847 | AFSL: 246623

Source: Zurich Cost of Care Volume 2 (Released June 2024)