Veterans Aide & Attendance Benefits

Learn More About Veteran's Benefits

There may be tax-free benefits available to wartime veterans and their spouses who are 65 years old and older through the Department of Veterans Affairs known as Aid and Attendance.

In essence, these benefits are intended to provide financial aid to assist those requiring assistance with tasks of daily living such as bathing, dressing, eating, toileting, and transferring so that the cost of long-term care can be offset.

How to Qualify

You require help to perform activities of daily living

This means...
Assistance is neeed for bathing, feeding, dressing, toileting, adjusting prosthetic devices or protection from environmental hazards

You are bedridden

This means...
Your disability requires you to stay in bed when you are not receiving treatment

You vision is impaired

This means...
You have corrected visual acuity of 5/200 or less in both eyes or you have concentric contraction of the visual field to 5 degrees or less.

Under current law, we recognize the following wartime periods to decide eligibility for VA pension benefits:

  • Mexican Border period (May 9, 1916, to April 5, 1917, for Veterans who served in Mexico, on its borders, or in adjacent waters)
  • World War I (April 6, 1917, to November 11, 1918)
  • World War II (December 7, 1941, to December 31, 1946)
  • Korean conflict (June 27, 1950, to January 31, 1955)
  • Vietnam War era (November 1, 1955, to May 7, 1975, for Veterans who served in the Republic of Vietnam during that period. August 5, 1964, to May 7, 1975, for Veterans who served outside the Republic of Vietnam.)
  • Gulf War (August 2, 1990, through a future date to be set by law or presidential proclamation)
 
Senior Living Financial Specialist is not affiliated with the VA and we are not a veterans services organization.

Do you need guidance on ways to pay for your senior living community?

We help you understand your options and ways to maximize  resources available to you!​

OPTIONS FOR FUNDING YOUR LONG TERM CARE

SHORT TERM BRIDGE LOAN

A short term Bridge Loan is a loan that will allow for you to pay for care now until permanent funding is arranged.

VETERAN'S BENEFITS

Veterans have benefits available to assist in paying for senior living with potential maximum monthly awards ranging from $1,244 to $2,295.

REAL ESTATE

You can use the proceeds from the sale of your home by listing your home with a senior-focused Realtor®

LONG TERM CARE INSURANCE

If you purchased long term health care insurance we can help you review your policy to determine if it will pay for your community.

TAX
DEDUCTIONS

Learn about the tax deductions available to you and your family when paying for care in a community.

LIFE INSURANCE CASH VALUE

If you have a life insurance policy, you may be able to transform that policy into a pre-funded financial account that will disburse a monthly benefit stipend to help you pay for long term care needs.

MOVE MANAGEMENT

Free up time and alleviate yourself from the overwhelming process of moving. Senior moving specialists are available to help with as much or as little of the work as you’d like!

Schedule a Time to Talk to a Senior Living Specialist NOW