The high cost of assisted living is presenting a challenge as people live longer and the population ages. The Medicare program doesn’t pay for assisted living on a long-term basis, so you are on your own unless you can qualify for Medi-Cal.
If you plan ahead in an effort to secure Medi-Cal eligibility with the assistance of a licensed elder law attorney, you can be sure that you and your family are retaining a maximum store of assets.
Those who have served in the military may well have access to a valuable veterans benefit that can help defray assisted living costs in the form of the Veterans Aid and Attendance special pension.
There are certain hoops that you must jump through as you might imagine. For one thing, you have to prove that you have some financial need as it is defined by the program guidelines. Secondly, you have to provide medical proof that you need help with your day-to-day needs.
Thirdly, you must meet the length of service eligibility requirements. At least one of the days of your service must have occurred during a time of war. In total, a veteran must have served for at least 90 days to qualify for the Veterans Aid and Attendance pension.
While this pension may not pay everything in full, it can certainly help. At the present time, a single veteran who is qualified for the special pension can receive as much as $1,732 on a monthly basis.
To get all facts directly from the source, visit the Veterans Benefits Administration website. We also invite you to register for and attend our free Veteran’s Special Pension and Medi-Cal Planning Workshop by following this link: FREE VA SPECIAL PENSION WORKSHOP
- The SECURE Act – the Gift That Keeps On Giving - September 28, 2023
- The Importance of Hiring a Probate Attorney (VIDEO) - September 27, 2023
- IRS Confirms Grantor Trust Status Alone Does Not Cause a Step-Up in Basis - September 14, 2023