Aid and Attendance Benefit for Veterans
When it comes to financing senior care, older adults are often unaware of how many financial options there are that can help. From life-settlement funds to bridge loans, there are a variety of programs designed to make it easier to finance senior care. One benefit that is often overlooked was created for veterans and their surviving spouses. It is the Pension with Aid and Attendance Benefit and is commonly referred to as the Aid and Attendance for Veterans Benefit.
What is the VA Aid and Attendance Benefit?
This benefit, managed by the Department of Veterans Affairs, provides financial support to veterans to assist with the costs of long-term care. The purpose of this program is to ensure that veterans who served our nation receive the care they need.
Aid and Attendance support is available only to veterans and surviving spouses who meet eligibility requirements. In general, the veteran needs to have served at least 90 days of active-duty service with at least one day during a recognized period of war.
Because Aid & Attendance (A&A) is based on your income, medical expenses and assets, if you meet the military requirement, it is no longer a Yes or No benefit – it is If and When. Learn more about applying for this benefit below.
How much does the VA pay for Aid and Attendance?
The 2024 Veterans Aid and Attendance Benefit rates are:
A Veteran may qualify for as much as $2,300 per month
A Married Veteran may qualify for as much as $2,727 per month
Surviving Spouses may qualify for as much as $1,478 per month
A Well Veteran with Ill Spouse may qualify for up to $1,806 per month
These amounts have historically increased by the same cost of living adjustments as social security.
How does a veteran or surviving spouse apply for this benefit? Can you apply in person?
Veterans or a surviving spouse can apply through their regional Veterans Affairs office. However, it is a complicated and time-consuming process and, similar to filing your taxes, you might want to work with a professional with expertise in the Pension with Aid and Attendance benefit. At Siena on Brendenwood, we have partnered with agencies who are willing and able to assist you with this process. All you need to do is ask. Call us at 815-399-6167 to learn more.
