Veterans Aid & Attendance Benefits

Learn More About Veteran's Benefits

For Veterans 65 years or older and requiring assistance with costs of care, there is an additional monthly amount that can be added to their VA pension called Aid and Attendance Allowance. 

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.  

This financial support can cover expenses for Assisted Living, Memory Care, Skilled Nursing, or qualifying Independent Living communities, among other care options. For this extra monthly allowance, they must meet 3 qualifiers: health qualifier, financial asset limit, and have served during wartime.

If you or a loved one has served and are looking into a senior living community that offers assisted living, memory care, or independent living, be sure to speak with your Senior Living Financial Specialist today for steps to qualify for the Aid and Attendance Allowance.

How to Qualify

Health Qualifier

This means...

One of the following is true:

1. You need assistance with activities of daily living (bathing, dressing, feeding, etc), or
2. You are bedridden, or
3. You are vision imparied

Financial Asset Limit

This means...
The current asset limit for 2024 is $155,356.
Some assets do not count towards the asset ceiling!

Chat with a Financial Specialist to review your financial qualifier!

Wartime Service Dates

This means...
Honorable military service of at least 90 days, one day of which was during a period of war.

Chat with a Financial Specialist to see if your service dates qualify!

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

LENDING OPTIONS

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 $1,432 to $2,642.

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

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