Many veterans believe that government benefits are only available if they were wounded in combat or suffer from a disability related to their service. That’s simply not true.
If you have honorably served our country, your country recognizes that. You deserve to receive the benefits the Veterans Administration has set aside exclusively for those veterans who are (i) over 65 years of age, and (ii) homebound, or in need of assisted/supportive living or a nursing home.
Veterans and their spouses may be eligible for a valuable program known as Veterans Pension. For many veterans who are just getting by on Social Security and withdrawing as little as possible from their retirement money, this significant monthly stipend from the VA can make a major difference in their quality of life.
An increased pension is available if you require the aid and attendance of another or are housebound. Perhaps you are wondering how much money you can receive from this benefit. While every family situation is unique, an eligible veteran can receive over $23,000 a year for assistance with medical expenses and long-term care. An eligible veteran’s widowed spouse can potentially receive over $12,500 per year. Another important aspect of the Aid and Attendance benefit is that it can allow an eligible veteran or widowed spouse to pay anyone, including his or her child, for home care. It can also be used to pay for professional care in the home, assisted living, nursing home care, insurance premiums, prescription drugs, and co-pays.
The Aid and Attendance benefit can help an eligible veteran or widowed spouse live at home for as long as possible while still receiving the care he or she needs and protecting hard-earned assets. In addition, depending on your specific circumstances, planning can help you double or triple the time you can afford to live in an assisted living facility, while at the same time preserving Medi-Cal eligibility if a future nursing home stay is needed.
The truth is that this is a tricky area of law. To receive Aid and Attendance, you have to meet certain income and asset restrictions. Unlike Medi-Cal, asset transfers do not count against you in assessing whether you meet the requirements. However, most seniors in need of assisted living benefits will require a nursing home stay in the future. The asset transfer that was permissible for the VA Aid and Attendance benefits may count against you when assessing your eligibility for Medi-Cal benefits.
You deserve to have someone who focuses on these issues to assist you in evaluating your situation and helping you maximize your assets and income for the longest period of time. Our founder, attorney Julianna Malis, is accredited by the Veterans Administration and available to meet with you to discuss the benefit and your options. Contact us today to schedule a personal meeting with Julianna.