A little known but very useful program administered by the Veteran's Administration is the VA Aid and Attendance program. It is designed to honor the service of our veterans or their spouses if that veteran served our country during a period of war. These periods include WWI, WWII, the Korean conflict, the Vietnam War, and the first Gulf War. Please note that the veterans did not have to serve in the war, only during the period the war was being fought.
This benefit is primarily to benefit those of our veterans who are 65 or older. For their service, a married veteran can receive up to $22,104 of TAX FREE income per year to pay for the services of another individual to help them with at least one activity of daily living. This help can be provided at home, in an assisted living faciltiy, or a nursing home. And, the assistance can be provided by family, friends, neighbors, or professional individuals. For a single veteran the amount of benefit is up to $18,648 of TAX FREE income while the surviving spouse of a veteran can recieve up $11,976 per month. If you are in an assisted living facility or have any form of dementia, you are automatically eligible.
The reason for the need of an aid does not have to be service connected. Therefore, your parent or grandparent may be eligible if they served and have developed Parkinson's, Alzheimer's, etc. The money is paid directly to the veteran who in turn pays the bill for the aid.
There are no income limits or asset limits, although both come into play. The eligibility guidelines consider the amount of income that is available to the veteran (or spouse) after all unreimbursed medical expenses. So, if a veteran was received $6000 per month in retirement income but his/her expenses at the assisted living facility is $6500 per month, then they are drawing from their savings at the rate $500 per month. In this case, the veteran has a net income of $0 (actually -$500), so he would be eligible for the full monthly benefit. Veterans may also be entitiled to a partial benefit.
Working with a qualified Elder Law Attorney and financial planner, you can possibly improve your chances for eligibility or for a higher payout.
Please visit this website for more information . . .