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Using Veteran’s Benefits to Pay For Senior Living 

Posted on: November 11, 2024
Categories: Finances, Senior Life & Tips

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. 

There are several benefits that US veterans and their spouses may be able to access that may help them pay for senior living. It is essential to understand the benefits and eligibility criteria while exploring these benefits. 

Benefits

Two primary benefits available through the Department of Veterans Affairs (VA) 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 for more information 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 specific income and asset thresholds to be eligible. For more comprehensive/higher levels of care, you need assistance in two areas of daily living, such as bathing, dressing, or assistance with eating. 

Eligibility 

To be eligible for the 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 you may have and help you find the correct 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!


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