Most veterans have never heard of the Aid and Attendance Pension benefit. It's called the "A&A" and it helps reduce the out of pocket costs for assisted living or a nursing home. It will also help pay for caregivers in the home. The maximum monthly payment ranges from $1758 for a single veteran to more than $2,700 for a couple where both are veterans. Veterans Affairs calls the A&A an underused benefit, because few have heard about, even though it's been available for more than 60 years. To qualify, a veterans has to have at least one day of military service during a time of war. The wartime veteran or surviving spouse must need the assistance of another person to perform daily tasks, such as eating, dressing, bathing, etc. Being blind or in a nursing home for a mental or physical incapacity, or residing in an assisted living facility also qualifies. The veteran cannot have more than $80,000 in assets and must meet an income requirement, which cannot exceed about $22,000.
Among the many organizations trying to get the word out about A&A is the Grand Vie Senior Living Community of Penfield. On Wednesday, July 2 they will have a seminar about this important benefit. It's free and open to the public. Glen Cone, and independent financial consultant, will be on hand to answer questions. To RSVP, call (585) 381-0680
For more information about Aid & Attendance, click here.