Long-term care costs are the most pressing concern for members of the elder law community. People are living longer and longer lives, and a very significant percentage of people that are in their 80s and older will eventually need help with their activities of daily living. In fact, if you were to visit the website LongTermCare.gov, you would find some eye-opening statistics.
One of them is the fact that 70 percent of senior citizens will need some type of long-term care eventually. Some of these people will be veterans of the United States Armed Forces.
There are many reasons why elders become unable to take care of all their own day-to-day needs. Many people have limitations that are purely physical, and they can live fruitful lives a little bit of help from a home health aide. Others have to contend with much more challenging circumstances.
The Ubiquity of Alzheimer’s Disease
The statistics that are available on the widespread nature of Alzheimer’s disease should be understood by all veterans that are preparing for the eventualities of aging. We are well aware of the fact that this is not a very pleasant thing to think about, but pragmatic people sometimes have to confront unpleasant realities.
A New York Times report on the disease states that almost half of people who are 85 years of age and older have contracted Alzheimer’s. If you combine this with the fact that people between the ages of 85 and 94 comprise the fastest-growing ten-year age grouping in the country you can see why this is something everyone should take seriously.
Long-term care costs are a major consideration when you think about the implications of Alzheimer’s disease. Many people who suffer from Alzheimer’s ultimately need living assistance, and this is where an often overlooked military benefit can come in very handy.
Veterans Aid and Attendance Special Pension
Most people are aware of the fact that veterans receive a pension after having served for at least twenty years. This is something that many individuals take advantage of when they are planning a career path that leads to a comfortable retirement. They join the military as a young adult and stay in until they have earned the pension.
They may then be only in their early forties or even younger, and they can subsequently use their military experience to embark on a career in the civilian world while receiving a pension at the same time. If people in this position save and invest intelligently they can usually retire quite comfortably.
There is however another veterans benefit that can be very helpful for veterans that ultimately need living assistance. The benefit that we are referring to is the Veterans Aid and Attendance special pension. The reason why many veterans would never think that they are entitled to this benefit is because the length of service requirements are so modest. To qualify you must have been on active duty for a minimum of ninety days with at least one of these days taking place during a time of war.
This pension is in place to provide financial assistance to veterans who need help with their day to day living needs, so the money that is received can be used to pay for in-home care or defray assisted living facility or nursing home costs. Single veterans who qualify for Veterans A & A can receive as much as $1794 per month, so although this will not cover 100 percent of your expenses if you eventually reside in an assisted living facility or nursing home it can certainly provide you with a nice boost.
Contact Our Mount Clemens Veterans Benefits Attorneys
If you would like to speak with one of our Mount Clemens veterans benefits attorneys about the Veterans Aid and Attendance special pension or any other matter, our doors are wide open. You can click this link to send us a message, we can be reached by phone at 586-493-7661.