55°F
Sponsored by

Little-Known Benefit Can Help Aging Veterans

Most veterans have never heard of the Aid and Attendance Pension Benefit, but it's been available for 60 years.
Most veterans have never heard of the Aid and Attendance Pension benefit. It's called the "A&A" and it helps reduce the out of pocket costs for assisted living or a nursing home. It will also help pay for caregivers in the home. The maximum monthly payment ranges from $1758 for a single veteran to more than $2,700 for a couple where both are veterans. Veterans Affairs calls the A&A an underused benefit, because few have heard about, even though it's been available for more than 60 years. To qualify, a veterans has to have at least one day of military service during a time of war. The wartime veteran or surviving spouse must need the assistance of another person to perform daily tasks, such as eating, dressing, bathing, etc. Being blind or in a nursing home for a mental or physical incapacity, or residing in an assisted living facility also qualifies. The veteran cannot have more than $80,000 in assets and must meet an income requirement, which cannot exceed about $22,000.

Among the many organizations trying to get the word out about A&A is the Grand Vie Senior Living Community of Penfield. On Wednesday, July 2 they will have a seminar about this important benefit. It's free and open to the public. Glen Cone, and independent financial consultant, will be on hand to answer questions. To RSVP, call (585) 381-0680

For more information about Aid & Attendance, click here.


Page: [[$index + 1]]
comments powered by Disqus