Using Veteran’s Benefits to Pay For Senior Living
In many cases, United States Veterans may be able to access benefits to help pay for senior living. We’ve put together some highlights, but we encourage you to check with your local Veterans Administration office and your preferred senior living community for more details.
Several benefits US veterans and their spouses may be able to access may help them pay for senior living. It is important to understand the benefits and eligibility criteria while exploring these benefits.
Benefits
Two primary benefits are available through the Department of Veterans Affairs (VA) that may help cover the costs of moving into a senior living community.
- Aid and Attendance Benefits
- Housebound Allowance
The Aid and Attendance Benefit for veterans is a monthly pension benefit that may be used to pay for senior living.
The housebound allowance is for eligible veterans who receive a pension and spend much of their time at home due to a permanent disability.
Visit the VA website to learn more about each of these benefits.
Your veteran’s benefits can be used for a variety of care, including care in the home by home health aides, as well as Assisted Living. You may need to meet certain income and asset thresholds to be eligible. For more comprehensive/higher levels of care, you must need assistance in two areas of daily living: bathing, dressing, or assistance eating.
Eligibility
To be eligible for a VA pension, which may help pay for your senior living community, you must not have received a dishonorable discharge, and you must maintain an annual family income and net worth that meets limits set by Congress. The VA itself does not pay for your senior living community but may be able to assist with other services. Again, checking with your VA office and senior living community is important.
Navigating senior living options can be complicated. Please know our team is here to answer any questions and help you find the right answers for your situation. In recognition of your service, Traditions communities offer a 3% discount to US veterans. Please reach out to your local Traditions community to learn more. Thank you for your service!
