BLOG ARTICLE

MAIN BLOG > POST: Paying for Senior Living: The Basics on the VA Veterans Aid & Attendance Benefit

Paying for Senior Living: The Basics on the VA Veterans Aid & Attendance Benefit

Senior living may be more affordable than you think, especially if you’re a wartime veteran or surviving spouse.

In this article:
    Add a header to begin generating the table of contents

    If you’re considering senior living and also happen to be a wartime veteran or the surviving spouse of a veteran, you may be qualified for a Veterans Administration benefit that can help you pay for it. Known as Veterans Aid & Attendance, this benefit unknown to many can dramatically expand your buying power when it comes to senior living. Here’s how.

     

    What is Veterans Aid & Attendance?

    Aid & Attendance is a benefit that was established in the 1950s to help wartime veterans or their surviving spouse pay for care in independent living, assisted living, home health care, adult day care or skilled nursing care by providing monthly payments in addition to their monthly VA pension.

     

    Who is Eligible for Veterans Aid & Attendance?

    The Aid & Attendance benefit starts with the Basic Pension and, depending on the medical need, gives you a rating which may add money to your pension. But you must meet certain criteria that includes:

    1. Military service – Served on Active Duty at least one day during a Period of War, at least 90 days in total and you were other than dishonorably discharged. Or, your spouse at the time of their death met this criterion.
    2. Medical requirement – The medical rating is determined by the veteran’s medical situation if alive, of that of their surviving spouse. The applicant must meet at least one of these medical requirements:
    • You need another person to help you perform daily activities, like bathing, feeding and dressing.
    • You have to stay in bed – or spend a large portion of the day in bed – because of illness.
    • You are a patient in a nursing home due to the loss of mental or physical abilities related to a disability.
    • Your eyesight is limited (even with glasses or contact lenses you have only 5/200 or less in both eyes; or concentric contraction of the visual field to 5 degrees or less).

     

    1. Financial requirement – This is a two-pronged requirement that takes into account both income and assets. The household income of the veteran or surviving spouse must be less than the pension in which you are applying. But you can deduct your medical insurance premiums, including Medicare, as well as the cost of home care and independent or assisted living fees. The amount of assets you can have is equal to the Maximum Federal Community Spouse Resource Allowance defined by Medicaid – which is $130,773 for 2021. Assets exclude your primary home, family transportation and your normal personal possessions.

     

    2021 Maximum Monthly Benefits for Aid & Attendance

    For veterans or their surviving spouse who are eligible for Aid & Attendance, the maximum monthly benefit in 2021 is as follows:

    • Single Veteran – $1,936 monthly
    • Married Veteran – $2,295 monthly
    • Married Veteran with Spouse who needs care – $1,520 monthly
    • Surviving Spouse with no Dependents – $1,244 monthly

     

    For more information, register today for our Veterans Aid & Attendance webinar on June 30 and July 1. Or, download our guide on How the Veterans Aid & Attendance Benefit Can Help You Afford Senior Living now.

    New call-to-action

    RELATED ARTICLES:

    How to Research Your Senior Living Options

    CATEGORIES: , , ,

    When considering joining a senior living community, there’s a lot to learn before making a decision. Even with friends already living in a senior community, it’s important to recognize that everyone’s needs are different, and understanding those needs and the suitable options available, will help steer the decision-making process to the right choice. To begin researching, take a look at the basic senior living options available:

    READ MORE

    Home vs. Senior Living: How to Choose

    CATEGORIES: , ,

    When choosing between home and a senior living community, a thorough assessment of the current situation can help ease the way. An honest look at needs, help required and finances can go a long way toward making the best decision.

    READ MORE
    touring senior living communities

    10 Questions to Ask When Touring Senior Living Communities

    CATEGORIES: , , , ,

    Would you like to tour senior living communities but aren’t sure what you need to know? 12 Oaks Senior Living tells you 10 of the most important questions to ask.

    READ MORE

    5 Things to Consider When Choosing a Senior Living Community

    CATEGORIES: ,

    When deciding between senior living communities, the more you know the better. Find out the five things to do to make the right decision.

    READ MORE

    Family Conversations: How to Talk to Your Parents about Senior Living Care

    CATEGORIES:

    When caring for a parent becomes too much, maybe it’s time to consider a senior living community. If you’re dreading “the talk” with a parent, take heart and check out our blog.

    READ MORE

    Senior Living Now and Then: Not Your Grandma’s Rest Home

    CATEGORIES: ,

    Today’s senior living options have almost nothing in common with “homes” of the past. Find out why there’s never been a better time to join a senior living community.

    READ MORE

    How to Make Senior Living More Affordable

    CATEGORIES:

    Don’t let the rising cost of care and resort-like feel of today’s communities fool you. Senior living can be affordable. Check out how you can make it work for your budget.

    READ MORE

    Comparing the Costs of Aging at Home versus Senior Living

    CATEGORIES:

    Think your heart and head will always choose aging at home versus senior living? Put them to the test. Let’s compare the costs and value here.

    READ MORE

    Comparing Buy-In vs. Rental Senior Living Communities

    CATEGORIES:

    Is a buy-in or rental senior living community right for you? Check out the pros and cons of each to help you decide.

    READ MORE

    How to Pay for Senior Living

    CATEGORIES:

    How do you pay for senior living? Learn about costs, the value and the variety of ways you can stretch your budget as well as your options.

    READ MORE

    SUBSCRIBE TO OUR BLOG

    SCHEDULE A PERSONAL TOUR

    If you're interested in learning more about 12 Oaks Senior Living, please call 214-871-2155 or click here to schedule a personalized tour.

    214-871-2155