Tuesday, February 23, 2010
Veterans Benefit That Helps Pay For In-Home Care
A benefit is available to most veterans and their surviving spouses that can pay for a large portion of in-home care. This little known benefit, called Special Monthly Pension, can provide up to $1,949 a month in assistance for care in the home, assisted living facility or nursing home.
Qualification for this Special Pension Benefit is straightforward. The veteran or their surviving spouse must:
· Be age 65 or older
· Have served 1 day during a defined period of war
· Received an honorable discharge
· Meet income and asset requirements
· Surviving spouse must have been married to veteran at time of passing
Most people have never heard of this benefit, but don’t let that discourage you. It is estimated that over 75% of the 2.5 million veterans who are eligible are not aware of the existence of this Special Pension. It is important that the veteran or responsible family member work with a competent and qualified individual or firm to fill out the appropriate documents that are necessary for approval.
Some people believe that they earn too much or possess too many assets to qualify. However, the important calculation is how much is left after deducting for all medical and care expenses. An experienced individual or agency can assist you in determining if you are qualified for this benefit.
And best of all – It’s Free!
Call us and we can answer any questions and help guide you through the paperwork. 512-388-4357.
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