Learn How To Get Your Fair Share Of Assisted Living Veterans Benefits
By admin ~ December 9th, 2009. Filed under: General.
Learn How To Get Your Fair Share Of Assisted Living Veterans Benefits
Most people don’t know about the Assisted Living Veterans Benefits. In fact, many families only think about veteran’s homes and nursing homes as options to consider.
Every single assisted living facility is now available as an option for your war-time veteran relative or friend.
In many cases 50% up to even 100% of the cost of the assisted living can be paid for from money you can get from the Veterans Administration.
Long Term Care Veterans
It used to be that if you were a war-time veteran you had to be injured or disabled by an injury you received during active duty; or if you qualified for VA medical benefits.
Not anymore!
Non-service connected disabilities that are from advancing-age can result in the veterans (and even the un-remarried widowed spouse) getting thousands of dollars each year from the VA.
Assisted living veterans benefits are provided by the little-known aid and attendance pension benefit. It is really called the “Improved Disability Pension Benefit with Aid and Attendance Entitlement” for veterans. For widowed surviving spouses it is officially called the “Improved Death Pension Benefit with Aid and Attendance Entitlement”.
Everyone, however, calls it the Aid and Attendance Benefit. What it does do is provide a qualified veteran up to $23,388 a year in financial assistance.
Assisted Living Veterans Benefits Qualifications
There are five qualification criteria:
1. Must have 90 days of active duty – with one (1) day during a stated time of war.
(You don’t have to have seen action, serve overseas or in a combat area to qualify)
2. Must no longer be able to safely drive
3. Must have a medical statement from your physician that states you need assistance with primary activities of daily living. Examples are assistance with bathing, hygiene, grooming, dressing, attending to the needs of nature, etc.
4. Your liquid assets should be less than $80 thousand. If the veteran is over age 90 you should try to get them under $60 thousand.
Liquid assets include:
-stocks
-bonds
-401k
-IRA’s
-Bank Accoun
1000
ts
-Investment Accounts
- etc.
The good news is that if the liquid assets are over the threshold, you can do some estate planning and move the funds out of the veteran’s ownership. There is no look back period with the VA.
So, if you reallocate the assets today – you are eligible tomorrow!
5. The actual amount of the assisted living veterans benefits you can receive is based on a simple formula. It is the difference between the “adjusted income” for the veteran less “qualified expenses”.
This last qualification criteria often confuses families looking to get the Assisted Living Veterans Benefits. Luckily, professional help is available to ensure a quick and proper approval from the VA for your loved one.
Don’t let your fair share get improperly delayed or denied.
Get the help you need. Veterans Care Advisors has developed an Aid and Attendance Handbook that walks families step-by-step through each step of the process.
By: Greg Cook
Article Directory: http://www.articledashboard.com
Greg Cook is a Senior Care Advisor who has helped thousands of elderly veterans and widowed surviving spouses understand the eligibility requirements for the non-service connected disability pension benefit with aid and attendance entitlement from the VA.
To Learn How To Get Your Fair Share of www.veteranscareadvisors.com”>Assisted Living Veterans Benefits visit VeteransCareAdvisors dot com.
God Bless.
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