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VA Assisted Living Benefit Video

Posted on: 1/19/2011 ()

http://www.msnbc.msn.com/id/21134540/vp/17303445#17303445

For more information on your entitled benefits please contact us at 858-565-2911 and one of our advisors will assist you at NO COST.

 

Maximum Monthly Benefit

 

Single Veteran:  $1554 monthly

Married Veteran (Veteran and Non-Veteran Spouse):  $1842 monthly

Veteran Spouses (Veteran and Veteran Spouse) : $2,444 monthly

Surviving Spouse of a qualified Veteran): $988 monthly

 

Eligibility Criteria: for Aid and Attendance Benefit (Must complete an 11 page application)

1. Miltary Service

  • Honorable Discharge
  • Active Service for at least 90 day
  • At leat one day of service during a period of war/conflict (WW II, Korea, Vietnam, Lebanon, Grenada, Panama, Perian Gulf)

2. Medical Necessity

  • Must have a minimum of 2 Activites of Daily Living (eg bathing, grooming, dressing, eating, taking medication, toileting) for Veteran or Surviving Spouse
  • Licensed Physician must documet your need

3. Monthly Income Criteria

  • Total monthly medical expenes for ALL health insurance premiumss, assisted living, incontinence supplies, dialysis, diabetic supplies, private duty caregivers/aides must exceed monthly income by 5% or more
  • Monthly income is defined as retirement, military pension,  other pensions, long term care insurance, social security, interest bearing accounts such as CD/bonds, Real Property Income, etc

4. Your Networth/Liquid Assets

  • There are limits on the amount of liquid assets (those easily converted to cash) allowed to qualify for your benefit and is based upon a predetermined formula that takes into account your age and income.
  • It is highly advisable that you seek the professional expertise of an accountant, and or certfied financial planner before submitting your application

CAUTION

FEDERAL LAW REQUIRES ACCREDITATION

with the VETERAN'S ADMINISTRATION

To meet and discuss VA Aid & Attendance Benefits

ANYONE, including attorneys, MUST BE ACCREDITED BY THE VA before giving advice about a specific VA application (a “claim”) for VA eligibility (38 CFR 14.629). Additionally, non-lawyers MUST refrain from the unauthorized practice of law when providing advice or services to your residents or prospective clients.

 
            Many non-lawyers, who are typically financial planners, offer seminars in facilities to prospect for clients. However, once there is even an expression of interest in moving forward on an individual claim, VA ACCREDITATION IS MANDATORY before ANY advice, whether legal or financial advice, can legally be provided.
 
            For everyone’s protection, have anyone prove that they are ACCREDITED before they are allowed to meet with prospective clients or residents!
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