The Department of Veterans Affairs (VA) developed a pension designed to provide financial assistance to disabled veterans who lacked the necessary funds to provide the care they need. This pension extends to the veterans surviving spouse as well. Unlike Medicaid, this pension is "relatively" easy to qualify for and provides substantial advantages over other need-based programs.
While this benefit is not new, its not very 'advertised' and people are not aware of it, or assume they are not eligible. There are millions of dollars in the fund that are currently going unused.
The benefit is called the VA "Aid and Attendance" pension. Benefits may also be available for house-bound individuals that require daily assistance to maintain their health, dignity and safety.
Pension will pay up to:
The pension is a tax-free benefit paid directly to the qualified applicant. The benefit amount paid is available in addition to any other existing resource the senior uses to pay for their care.
Processing time by the VA generally takes from 4 to 12 months from date of application. However, once approved, the pension is paid directly to the applicant via direct deposit and is retroactive from the first day of the month following receipt by the VA.
You can apply for this yourself by searching the VA website . I also found a press release on their website here: Aid and Attendance an Under Used Benefit. There are also companies that will do the lengthy, time consuming and confusing application for you for a fee. If time is of the essence and you are not familiar with VA forms, I recommend using one of these companies. Contact me for information.