Assisted Living Benefits for Veterans Can Be a Long-term Care Game Changer

As we age, the need for additional care often arises. Assisted Living Benefits for Veterans can help cover a substantial portion of the monthly fee for assisted living facilities.  It is important to note that not all assisted living facilities accept Medicaid, so it is crucial to find a facility that does.  This article will discuss two payment sources.  The first is Medicaid, which will generally pay $1,400-$1,600 a month toward an assisted living facility with which it is contracted.

How Assisted Living Benefits for Veterans Can Help Offset the Cost of Care in Assisted Living Facilities?

Assisted Living benefits for Veterans pay a number of different monthly amounts, based on the veteran or spouse’s situation. We will explore this in further detail.

The basic requirements to be eligible for Assisted living benefits for Veterans are that the individual must be at least 65, be a wartime veteran, and need or currently be receiving care.  However, individuals who have 100% VA disability are not eligible for Assisted Living Benefits for Veterans.

What is considered wartime when it comes to Assisted Living Benefits for Veterans?  World War II is defined as December 7, 1941-December 31,1946.  The Korean War is considered from June 27, 1950-January 31, 1955.  The Vietnam War is considered February 28, 1961-May 7, 1975 for veterans who served near or in Vietnam, and for all others it is considered August 5, 1964-May 7, 1975.  The Gulf Was is considered August 2,1990-present.

The amount of Assisted Living benefits for Veterans varies.  Two married veterans can receive $3,649 a month, while the surviving spouse of a veteran can receive $1,478 a month.  A veteran who has no spouse or children who are dependent can receive $2,300 a month, and a married couple where the veteran requires care can receive $2,727 a month.  If the veteran is healthy but the spouse requires care, the veteran qualifies for an Income Improvement Pension worth $1,750 a month.

To put it into perspective how helpful Assisted Living Benefits for Veterans can be, let’s talk about the monthly cost of an assisted living facility. A reputable, higher-end facility currently costs about $6,000 a month.  If you are a single veteran and receive $2,300 a month in Assisted Living benefits for Veterans, nearly 40% of your monthly bill is covered.  If you also receive Medicaid benefits of $1,600 a month, that jumps to 65% of your monthly bill covered.  That is a substantial amount of the monthly bill being covered, which will help you rest easier.

Final Word:

Platinum Benefit Services specializes in obtaining Medicaid benefits for our clients.  Over 27 years of service we have obtained over 14,000 approvals for our clients.  We work with an accredited VA expert who can help you get the Assisted Living Benefits for Veterans to which you are entitled.  Contact Platinum today to get all the help you need in obtaining Medicaid benefits and Assisted Living Benefits for Veterans.