A Place for Mom has created a Free Veterans Guide to Senior Care to help your family unlock the best-kept secrets to paying for elder care. Download your Free Guide today.
Our free tool provides options, advice, and next steps based on your unique situation.
A Place for Mom has helped guide more than 410,000 veterans in their searches for senior care and housing. Part of this assistance involves making veterans and their families aware of benefits that they have earned, but may not know about. Learn about benefits like Aid & Attendance, VA Pension and more, by getting in-depth information about the application process, basic benefits and eligibility, by downloading this Free Veterans Guide to Senior Care expert e-book. If you have senior loved ones and veterans who require care, but are unable to pay for the full costs privately, chances are this e-book can help.
Here is a preview to what you’ll find in this helpful e-book:
Sadly, around 69% of veterans are completely unaware of the benefits available to them — and that means many veterans are paying more for their care than they should.
At A Place for Mom, our goal is to help families find the right senior care solution. For many families in the U.S., the hardest part of the process isn’t finding the right community, it’s figuring out how to pay for it.
More than one third of Americans over 65 are either wartime veterans or the spouses of wartime vets. These individuals may qualify for a pension program through the Department of Veteran Affairs (VA), commonly referred to as “Aid & Attendance,” yet only a small fraction of those who are eligible actually know about this benefit.
Award amounts vary, depending on the income of the applicant and the level-of-care they require. You can learn more about the following by downloading and reading the free Veterans Guide e-book:
VA benefit eligibility can be challenging and complex, so it’s important to understand the differences for each benefit.
Our free tool provides options, advice, and next steps based on your unique situation.
Here are general requirements for the VA Pension benefit:
The Aid and Attendance benefit gets even more confusing as there are specific requirements regarding which activities of daily living he or she can perform, such as bathing, dressing, feeding, preparing meals, taking medication or using the restroom. Eyesight and/or mental or physical incapacity also determines eligibility. The Housebound benefit has specific requirements as to the seniors’ confinement to their home as well as their medically necessary treatments, which are all outlined in the Veterans Guide.
To be eligible for benefits, a veteran must have served at least 90 days of active duty, with one or more of those days occurring during wartime. This does not mean that the veteran had to see actual combat.
If the active duty occurred after September 7, 1980, you must have served at least 24 months or the full period that you were called to duty.
The VA’s dates of wartime are as follows:
To learn more about each benefit, eligibility and qualifications, as well as to get examples of which veterans qualify for benefits, download the Veterans Guide to Senior Care e-book.
Financial eligibility is determined by many factors, including a senior’s assets and income. If their assets exceed $80,000 and their income is over the maximum amount after deducting out-of-pocket expenses from their gross income, they’ll most likely be denied.
Here are some important determinants of financial eligibility for VA benefits:
According to the VA, “There is no set limit on how much net worth a veteran or dependent can have, but net worth cannot be “excessive.” The decision as to whether a claimant’s net worth is excessive depends on the facts of each individual case. All net worth should be reported, and the VA will determine if a claimant’s assets are sufficiently large that the claimant could live off these assets for a reasonable period of time.”
Our advisors help 300,000 families each year find the right senior care for their loved ones.
Learn more about VA benefit eligibility in the detailed expert e-book.
Eligibility for veterans’ benefits also depends on the type of senior living community your family is considering:
Eligibility for each benefit varies. Get more information in the Free Veterans Guide.
The application for Veterans’ benefits can be a little daunting. This helpful e-book provides in-depth information about the application process, including the following:
So get started today. Paying for senior living may be intimidating, but there are many resources available for our veteran senior loved ones. Get more information in the Veterans Guide to Senior Care expert e-book.
Do you or a loved one have veterans benefits? What would you like to let other families know about this process? Share your story with us in the comments below.
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The information contained on this page is for informational purposes only and is not intended to constitute medical, legal or financial advice or create a professional relationship between A Place for Mom and the reader. Always seek the advice of your health care provider, attorney or financial advisor with respect to any particular matter, and do not act or refrain from acting on the basis of anything you have read on this site. Links to third-party websites are only for the convenience of the reader; A Place for Mom does not endorse the contents of the third-party sites.
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