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Veteran's Benefits may help pay for senior housing

Last post 08-02-2012 6:15 PM by mean56. 72 replies.
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  • 12-10-2007 7:13 PM

    Veteran's Benefits may help pay for senior housing

    If your loved one is a veteran, or the widow or widoer of a veteran they may be eligible for up to $1,500 per month from the VA to help pay for their assisted living, skilled nursing care, residential care home or home care.

  • 12-10-2007 11:54 PM In reply to

    • coyote
    • Not Ranked
    • Joined on 12-11-2007
    • Fullerton
    • Posts 5

    Re: Veteran's Benefits can pay for senior housing

    The VA benefit is a PENSION that is earned  and deserved for everyone of our brave soliders who served during the WWII and Korean Wars. I am so happy for the  many families that I have been able to help get this benefit.  Please be sure to always ask if the senior is a vet or spouse or widow of a vet.  It really will help your families to share local resources available to help them with financial planning and asset protection in order to  pay for care.

  • 12-10-2007 11:58 PM In reply to

    Re: Veteran's Benefits can pay for senior housing

    It will be very beneficial to offer VA information on this community website. 

  • 01-18-2008 9:43 AM In reply to

    Re: Veteran's Benefits can pay for senior housing

     Do you know if it's a means tested program or can anyone apply dispite their monthly income? Thanks

    midnightrambler

  • 01-18-2008 11:33 AM In reply to

    Re: Veteran's Benefits can pay for senior housing

    Anyone who served during designated war times and was honorable discharged can apply. You  have to provide prof that  you are spending for care, either home care or residential care home or assisted living before you can submit your apllication.   I believe ther is a spending to income ratio and you are allowed to make financial plannning choices to quailfy. Contact an advisor and they can refer you to someone who can complete a free assessment for your situation to determine  your benefit amount.

  • 01-24-2008 12:26 AM In reply to

    Re: Veteran's Benefits can pay for senior housing

    I attended a 'lunch and learn' today hosted by a team of attorneys and financial advisors who assist seniors (and their family) with financing the senior care/housing.  Naturally, the VA Aid & Attendance benefit was discussed.  Also mentioned concerning this VA benefit:  there is apparently a provision for the parent(s) of a war-time veteran.  No other details were yet available.  The FA's who were relaying this info will be attending a conference in the next couple of months and expect to learn more at that time.  As one of the 'boomer' generation and thinking of my own parents, this could greatly impact seniors who need, but don't feel they can afford, assisted or even supportive living.

  • 02-18-2008 12:56 AM In reply to

    Re: Veteran's Benefits can pay for senior housing

    A wonderful contact is the VA coalition- this is a service organization licensed by the Veteran Admistration to learn all your options regarding the VA AID and Attendance and who qualifies and who does not. This group has been instrumental in helping many of my widows of Veterans find more money to live in senior housing. I wish everyone would tell 2 people about the VA AID and ATTENDANCE , and those people tell 2 more and so on.....

    SVOA
    A SERVICE DEPARTMENT OF THE VETERANS COALITION
    www.seniorveterans.org

     

    Email today and see if you or your loved one qualifies, its free to learn!

     

    Belinda Battistelli

    Eldercare Advisor

  • 02-18-2008 8:27 AM In reply to

    Re: Veteran's Benefits can pay for senior housing

    Thanks for this.  I'd like to learn more, if I hear something before you, I'll forward it on.

     

    Paul Hamilton

    A Place for Mom

    paulh@aplaceformom.com

    866-355-9427 

  • 01-22-2009 11:04 PM In reply to

    • mcrews
    • Top 10 Contributor
    • Joined on 07-01-2008
    • California
    • Posts 138

    Re: Veteran's Benefits can pay for senior housing

    The moderator needs to correct the title of this post.

    It is incorrect. The VA DOES NOT PAY for anything. period.

    As Cheryl stated, you have to prove you are paying for your own care AND have your net income at a level BELOW the amount set by the VA. Then the VA will send a pension amount upto the stated limit.

  • 01-26-2009 8:07 AM In reply to

    Re: Veteran's Benefits can pay for senior housing

    Hi 

    My mom is 88 years old, a widow of a WWII veteran whom did serve in active duty. She is currently living in a senior housing development paying a very high rental fee of $1375 per month. When my father was alive his pension afforded her this ability. Since he has passed away a few months prior, she is left with a 50% reduction in his pension from the US post office. Unfortunatly the PO never deducted SS back in the day. Subsequently, she receives only a very small portion of SS. At the present time her expenses are exceeding her income by about 700 per month. I would regret having to move her from this home that she loves so much. She is very active, participating in recreation programs at the reck center right across her street.

    Is there any financial assistance for her at his time, that could help her to pay her rent, without having to move her. She had a small amount of money in a fund that was giving her about $300/month to live on on. This, as is all other funds, is rapidly dwindling away due to the market. She will need to start withdrawing from this fund this month. Due to the market the fund is worht half of it's original amount. My fear is that once she starts to withdraw from it. She will never recup whjat she lost. What happens when there is nothing left??!!

    I would appreciate any suggestions on your part.

    Thank You 

    Regards

    Linda

  • 01-26-2009 8:45 AM In reply to

    • mcrews
    • Top 10 Contributor
    • Joined on 07-01-2008
    • California
    • Posts 138

    Re: Veteran's Benefits can pay for senior housing

    Linda,

    Your mom sounds too active to trigger the VA Pension at this time.Read the post by Cheryl and myself about how the VA works.  It only kicks in AFTER your mom has paid. The VA allows her to have around 70-80k when the time comes so if she is over that amount now, you need to be ready to act when the time comes

    However, I would immediately move any "inverstments" into fixed accounts. ie CDs. It is inappropriate for an 88 yr old to be in an postion to have lost half of the account value because of the market. Unfortunately the reality is that she will not regain the value. If she had 100k and lost 25%, then she would need to earn 33% just to get back to 100k. If she lost 50% then she will need to earn 100% to just get back to the 100k.  The risk you would have to take to even try is too large. I have had over 1100 client in the last ten year. The average age is 81 and most are recieving some care (unpaid from family) but none of my clients have ever lost money. I don't want to seem like a naysayer, but I specialize in working with only older seniors and have a great deal of experience in this area..

    Take a look at her taxes. If she is paying taxes it could be because the 3,600 is triggering it. Look at selling some of the investments that have lost $$ to generate the 300 a month. You will get a deduction for the lose and the 300 is coming from principle not earnings. This will allow her to keep more of her income.

    Depending on how low her income is, you should look at the QMB and SLMB programs thu Medicare. Also the EXTRA HELP program thru Part D.

    Also, check to see if the housing has HUD. My understanding is that HUD is only income tested, not asset tested. HUD goes up to 15-1700 of incme (dont quote me) and only charges 30% of income for rent.

    Being in a 'spending mode" as opposed to a 'saving mode' takes a comprehensive look at all areas and options. There is no such thing as "she has too much money to qualify for that program". As an example, if we all just filed the short form on uor taxes then life would be so much easier....BUT we'd have less money!!!! So we all look for every possible deduction and file the long form. Qualifing for benefits and programs takes the same type of approach.

    Good Luck!!!

  • 01-27-2009 7:20 PM In reply to

    Re: Veteran's Benefits can pay for senior housing

    How do I get an application for the financial assistance with assisted living?

     

    Laura A. Bidlack, LMSW

    Clinical Care Manager

    Banner Behavioral Health Hospital

    7575 E. Earll Drive

    Scottsdale, Arizona  85251

    (480) 941-7590

    laura.bidlack@bannerhealth.com

     

  • 02-13-2009 12:55 AM In reply to

    Re: Veteran's Benefits may help pay for senior housing

    Do you know if they provide financial assitance for rent, without the need for nursing care, ie: non assisted living.

  • 02-13-2009 1:34 AM In reply to

    • mcrews
    • Top 10 Contributor
    • Joined on 07-01-2008
    • California
    • Posts 138

    Re: Veteran's Benefits may help pay for senior housing

    No Linda, they do not.

    The Benefit is based on disability. Then on being homebound, then on needing Aid&Attendance.

    What is the income of the individual?

    Then what are the medical expenses....premiums copay etc.

    If the income is around $1000 Medicare has SLMB to cover premiums and Part D has extra help.

  • 02-16-2009 3:13 PM In reply to

    • Marc
    • Top 500 Contributor
    • Joined on 02-16-2009
    • Posts 8

    Re: Veteran's Benefits may help pay for senior housing

    Hi. I am new to this site. My father in law is currently receiving a "pension" of about $ 1,100 as a WW II vet. based on

    disability.  He is almost 85 years old. He started receiving the pension a couple of years ago.  He and my mother in law

    are contemplating moving from their condo in Florida to an assisted living facility.  I would assume that his pension

    will continue.  Is there any additional monetary benefit that he could apply for that might help contribute to the

    monthly cost of an assisted living facility ?  I seem to recall reading about something called "Aid and Attendance benefits"

    but don't remember (a) what this cover, (b) what makes one eligible for it, (c) whether it is in addition to the pension

    that he is already receiving, (d) whether it would continue to be paid for my mother in law after his death.  If anyone

    has any info on these matters ( and any related matters ), I would be most grateful to hear from you.  If easier,

    my e-mail address if mjuron@aol.com  Many thanks. Marc

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