Veteran Pension — Fear of Running Out of Money For Assisted Living Facility

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For veterans living in assisted living facilities (or who expect to be), one of their greatest fears is running out of money and being forced to move into a nursing home paid for by Medicaid.

If you are in this situation (or your parents are), then this is the fear that keeps you up at night.

Unlike some of our fears, this is a reasonable fear.

The cost of assisted living facilities, or home health, is in the thousands of dollars a month. It won’t get any cheaper.

You can look at your monthly income and take out your expenses and if you are running a negative this means you can figure out how long you can survive with your level of assets.

The VA Pension Disability (or Aid and Attendance) can provide up to $2000 a month in extra tax free income which can give you the peace of mind that you will not have to leave your home, or the assisted living facility, to move into a nursing home because all of your money has disappeared.

Or if you eventually do, the VA payments can make a huge difference in being allowed to delay that and retain control over how and where you live.

If you live in Alabama and have questions about this benefit for you or your spouse or your parents, please let us know by calling us at 205-879-2447 or you can fill out a contact form on our Alabama Consumer site. Do note we are creating a separate site just for this area of the law in Alabama but it is not up and running yet so feel free to give us a call at 205-879-2447.

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