Will veteran's benefits help pay for assisted living and nursing home costs?
Автор: Rebecca W. Geyer & Associates, PC
Загружено: 2016-05-05
Просмотров: 119
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Will veteran's benefits help pay for assisted living and nursing home costs? | Rebecca W. Geyer & Associates, PC | Compassionate Counsel for Every Generation | Contact Us Today | (317) 973-4555 | http://rgeyerlaw.com/ | 11550 N Meridian Street, Suite 200, Carmel, Indiana 46032
Veterans benefits can help pay for the cost of assisted living and nursing home costs. Typically, when an individual needs care in an assisted living or nursing home facility, their costs of care are going to be substantial on a monthly basis to the extent that their care cost exceed their monthly income. Then, the Veterans Administration can provide a pension to help fill the gap between their monthly income and the cost of care. The Veterans Administration pension does have a limit, and it may not fill the complete gap.
There are specific limitations both for income and assets which would be required to be fulfilled in order to be eligible for help through the Veterans Administration, in addition to the service requirement, which means that the veteran must have served at least one day during an active time of war in a branch of our armed forces, and was honorably discharged.
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