Three and a half years after announcing draft rule changes, The Department of Veterans Affairs (VA) has finalized new rules, effective October 18, 2018, that establish, among other things, a new asset limit test, a novel look-back period and penalties on claimants applying for VA needs-based benefits who are found to have violated these rules. The new rules apply to what is known as the Improved Pension program, commonly referred to as “Aid and Attendance” and “Housebound” benefits. These … [Read more...] about New VA Rules Changes Sharply Restrict Eligibility for Needs-Based Pension Benefits
Without question, every man, woman, and child in the United States owes a debt of gratitude to those who have served in the U.S. Armed Forces that can never truly be repaid. While the country does make an effort to honor veterans in many ways, another group of unsung heroes is often overlooked – spouses. The husbands and wives of servicemen and women live every day with the knowledge that their spouse may make the ultimate sacrifice for their country, often leaving them a widow or widower at a … [Read more...] about Do VA Benefits Transfer to a Surviving Spouse?
As a veteran, or the surviving spouse of a veteran, you likely know about some of the more common benefits available to you through the Veterans Administration (VA). You are probably also aware of the complex maze that must often be navigated in order to get approved for the benefits to which you are entitled. You may not find it surprising to learn that you may be entitled to additional benefits through a lesser known program referred to as “Veterans Aid and Attendance (VA&A).” For veterans … [Read more...] about Are You Entitled to Veterans Aid and Attendance?
The freedoms, benefits, and quality of life enjoyed by everyone living in the United States would not be possible without the sacrifice of every veteran, surviving spouse, and family member of those who served in the Armed Forces. Although there is no way to every adequately repay those who have sacrificed for our country, the government does provide a number of benefits to veterans, surviving spouses, and dependents. Navigating the eligibility guidelines and application procedures for many of … [Read more...] about Veterans: Are You Getting All Your Benefits?
Wartime veterans who have 90 days of active duty, one day of which began or ended during a period of war, are eligible for Veterans Aid and Attendance benefits. Surviving spouses who were married at the time of the veteran’s death may also be eligible. There are certain financial and medical qualifications that may apply. Here are some of the documents you will need in order to avoid making any mistakes in applying for veterans aid and attendance benefits. Documents you will need when … [Read more...] about Avoiding Mistakes in Applying for Veterans Aid and Attendance Benefits
For veterans living in the Sacramento area, you should know that there are a wealth of veteran benefits available to you through the Veterans Administration. Veteran benefits can generally include medical services in an assisted living facility, in your home, in a nursing home or provided by others, including friends, family members, or healthcare professionals. Ultimately, there are many veteran benefits for which you may be eligible that you are not aware of. So, are you getting all of the … [Read more...] about Are You Getting All of the Veteran Benefits You Can?
As we pointed out in the first part of this article, at a certain point in most people’s lives, they become concerned about paying for long term care. There are 5 basic ways to pay for long term care. We discussed private pay, long term care insurance and Medicare in part one. Now, we turn to Medi-Cal and Veterans Aid and Attendance. Medi-Cal Medi-Cal is a form of public assistance for families who meet specified income and asset requirements. Eigible Californians use Medi-Cal to pay … [Read more...] about Overview of How to Pay for Long Term Care (Part 2 of 2)
As we age, many of us become increasingly concerned about the possible need for long term care and the options available to pay for it. In this article, we will examine those options. There are 5 basic ways to pay for long term care: 1. Private Pay 2. Long Term Care Insurance 3. Medicare 4. Medi-Cal 5. Veterans Benefits Not all of these methods will be available to all persons. For example, veterans benefits are limited to only certain veterans. Long term care … [Read more...] about Overview of How to Pay for Long Term Care (Part 1 of 2)
Nursing home asset protection is a very big deal when you understand all of the facts. It would be natural to assume that Medicare will pay for nursing home care if you ever need it, but in reality, the program does not pay for custodial. The Medicare program will often cover rehabilitative care after release from a hospital following an injury or illness, but it will not pay for custodial care. Paying out-of-pocket is really not a sensible option for most people, because long-term care costs … [Read more...] about Californians Can Take Advantage of Added Nursing Home Asset Protection
As we pointed out in the first part of this article, at a certain point in most people’s lives, they become concerned about paying for long term care. There are 5 basic ways to pay for long term care. We discussed private pay, long term care insurance and Medicare in part one. Now, we turn to Medi-Cal and Veterans Aid and Attendance. Medi-Cal Medi-Cal is a form of public assistance for families who meet specified income and asset requirements. Eigible Californians use Medi-Cal to pay for … [Read more...] about How to Pay for Long Term Care (Part 2 of 2)