Finance - HL 220 (1)

Helpful miscellaneous articles regarding our retirement plan and planning.  Like you, I review my retirement nestegg and plan from time to time.  Recently, I went though some continued education for some credentials I maintain and it occurred to me that we all could use a review about these issues.  So with your help, we will share and post articles and info that may be helpful and of interest to many of you in this section.

VA A & A Pension Program Intro:

PCN, I am moving my folks into assisted living and am working through the application process for a program that some do not know about.  These benefits are available to the Vet OR his surviving spouse.  You may know someone who could use this information.  If so, I hope the following helps:

INTRODUCTION TO THE VETERANS' AID AND ATTENDANCE IMPROVED PENSION

The Veterans Administration offers Aid and Attendance as part of an "Improved Pension" Benefit that is largely unknown. This Improved Pension allows for Veterans and surviving spouses who require the regular attendance of another person to assist in eating, bathing, dressing, undressing, medication dosing, or taking care of the needs of nature to receive additional monetary benefits. It also includes individuals who are blind or a patient in a nursing home because of mental or physical incapacity. Assisted care in an Assisted Living facility also qualifies.
This most important benefit is overlooked by many families with Veterans or surviving spouses who need additional monies to help care for ailing parents or loved ones. This is a "Pension Benefit" and IS NOT dependent upon service-related injuries for compensation. Aid and Attendance can help pay for care in the home, Nursing Home or Assisted Living facility. A Veteran is eligible for up to $1,758 per month, while a surviving spouse is eligible for up to $1,130 per month. A Veteran with a Spouse is eligible for up to $2,085 per month and a Veteran with a Sick Spouse is eligible for up to $1,380 per month*.
Many families overlook the A&A Pension as it pertains to veterans who are still independent, but have an ill spouse. Keep in mind that in this situation, if the spouse's medical expenses completely depletes their combined monthly income, the Veteran can file as a Veteran with a sick spouse………………

Click here for more:  http://www.veteranaid.org/

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(As with any of these informative articles, anyone who needs someone to talk to about

this very subject contact me and I can direct you to a knowledgeable advisor).

 



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