Veterans, their spouses, or surviving spouses who are in need of the aid and attendance of another person may be eligible for additional income to help pay for this care. It is paid directly from the United States Department of Veterans Affairs in addition to their monthly pension.
This is a very little-known benefit called the Aid and Attendance and Housebound benefit. It is annually funded with billions of dollars by Congress and serves those who need financial help covering costs for in-home care, assisted living, or a nursing home.
This program may be the only lifeline available to protect those that protect us. As with any government funded program, there are qualifications for eligibility to receive this benefit. Let us help you with this process.
Long-Term Care Planning
As we age, the need for long-term medical care oftentimes becomes a reality for many people. Concerns of cost, location, care providers, in-home, assisted, skilled, or nursing care can become a daunting challenge. Some rely on savings, pensions, social security, reverse mortgages, or family members to support this expense.
The stress associated with the need for care, and funding the cost can be alleviated with proper planning. Investment portfolios that generate income and dividends, supplemented with pensions and Social Security may be enough to cover the cost.
What could this mean for you and your family?
With this additional monetary payment, you are able to afford the care you need. This gives you the power to select the services you need as well as the provider that meets those needs. This is a dependable pension that will always be there for qualified Veterans and spouses that is paid directly from the U.S. Department of Veterans Affairs.
Our GPCA Family and team of professionals are here to help guide you through this process, which can often be complex and confusing. We have helped many Veterans and their spouses navigate through the process of applying for this benefit by ensuring that all of the VA’s qualifying criteria is satisfied.