Have you or a loved one served in the military? If so, you could be eligible for the veteran’s benefit for assisted living. Here are three ways to get veterans assisted living facility benefits.
What Are Veterans Benefits for Senior Living?
Veterans who meet certain requirements can get assistance from the Veterans Aid and Attendance Benefit to pay for in-home care or a type of assisted living or memory care at a senior living community. Veterans’ benefits for assisted living are provided through this pension scheme to thousands of families to help them pay for high-quality care that they would otherwise be unable to afford. If you meet the requirements for Aid and Attendance, you will get a monthly payment in addition to your regular pension.
Who Is Eligible?
Any veteran, their spouse, or their family members should consider Aid and Attendance. Veterans who satisfy the following requirements are eligible for needs-based benefits for assisted living:
- 90 or more days must be spent on active duty in the military, plus one day during wartime. You’re not required to serve on the front lines, abroad, or in combat. One day during wartime includes World War II, the Korean Conflict, Vietnam Wat, and Gulf War.
- There is a $130,773 asset cap. Savings and bank accounts, mutual funds, equities, and second houses are all included in net worth. When determining one’s asset limit, one’s principal residence is not considered while the Veteran is still a resident.
- Your “countable” family income must be less than the new assisted living facility’s medical costs. If you’re retired and have a low salary, this is typically an easy standard to satisfy.
- Requiring support with at least two daily living tasks in the community, such as aid with washing, dressing, or managing medications. This implies that it can be more challenging to qualify for assistance if you’re completely independent.
How to Receive Veterans Benefits?
The best course of action is to look for an Elder Law Attorney or trustworthy advisor who focuses on applying for the VA Aid and Attendance benefit. A professional should be consulted to verify that it is completed correctly to receive a prompt and favorable response.
You can go to the VA office and file for veteran’s benefits for assisted living, however, that may not be the wisest course of action as individuals who receive veteran’s benefits through the VA office frequently receive fewer benefits. Even if you do qualify, the VA may occasionally inform you that you don’t.
You can also apply for it on your own. The major issue is that you won’t know for months whether you filled out everything properly. It’s difficult to not receive updates or supervision during the application and approval process, which might take months (on average nine months). You might be denied if it’s not done correctly, and that decision cannot be reversed.
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