Many veterans and surviving spouses are unaware that they could be eligible to receive a significant monthly income through the Veterans Administration’s Aid and Attendance pension benefit. This program is designed to provide financial aid to veterans or surviving spouses who require services for any number of daily activities.
Veterans Entitlement focuses on helping veterans preserve and protect their assets through the use of the Veterans Administration’s Aid and Attendance pension benefit. The Aid and Attendance program is largely unknown to veterans but is designed to provide monetary assistance to those that are now in need of aid or assistance with activities of daily living. Aid or assistance can be provided at home, in an assisted living facility, or a nursing home. A veteran can be eligible up to $1,644 per month, a surviving spouse is eligible up to $1,056 per month and a couple is eligible up to $1,949 per month.
Sometimes the Aid and Attendance benefits can be complicated without the right type of financial instruments in place. The consultants at Veterans Entitlement are skilled professionals at managing this type of financial and legal process for senior veterans, allowing them to receive the benefits they deserve without sacrificing their lifestyle. In a typical instance, our firm can save a veteran around $19,000 or more a year, and a surviving spouse around $12,000 or more a year for their lifetime.
Eligibility is based on three simple criteria: veteran status, health status, and financial status. To meet the veteran status, veterans or a surviving spouse must have served 90 consecutive days of active duty and one day during a declared war. The health status requires a doctor to indicate the need for aid and attendance, and financial qualifications are determined by the Veterans Administration. The Veterans Administration does not provide official guidelines on how to qualify medically or financially, and each application is evaluated on a case-by-case basis.
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Many Americans are confused about the difference between Medicare and Medicaid. Medicare and Medicaid programs are government programs created as part of the Social Security Act of 1965. Here is a brief summary of the two programs.