Could VA Benefits Help Pay for Your Loved One's Care?
What is the Veterans Aid and Attendance (A&A) Pension Program?
Most people think of Veterans Benefits (VA Benefits) as being only for servicemen and women who were injured or disabled while serving our county. However, substantial benefits are available to wartime veterans who are now senior citizens needing long-term care. Many veterans and their families are not aware of these benefits.
If a Veteran is eligible for basic Veterans Pension Benefits, his or her surviving spouse may also be eligible for the increased monthly pension amount under the VA Aid and Attendance or Housebound pensions. The Aid and Attendance Pension amount is paid in conjunction with the basic Veterans pension plan. Aid and Attendance is based on financial need for assistance, so there are income and asset limitations.
Beware the Medicaid Time Bomb
Many planning techniques that can qualify a person for VA Aid and Attendance can later disqualify that person from getting Medicaid benefits to help pay for nursing home care. That’s why it’s vitally important to seek counsel from a veteran’s attorney who is also well-versed in Medicaid planning.