Monday, June 20, 2011

What is VA Aid and Attendance Planning?

VA aid and attendance pension planning is a method to provide elderly veterans cash, tax free, to pay for in-home care or assisted living care while preserving the veteran's assets.

VA pension benefits (aid and attendance) is an income based benefit for veterans and not based on service connected injuries.

Instead of using your assets to pay for home health care or assisted living, you can preserve your retirement savings for your family while being able to receive long term health care in your home.  The VA pays you directly to compensate the claimant for long term care services.  VA aid and attendance is an income and asset based benefit, thus assets and your income may need to be restructured if your income and assets reach a certain level.  Further, be cautious about working with non-attorneys because the need for Florida Medicaid to pay for nursing home care in the future may be compromised if the person assisting you with obtaining VA aid and attendance does not consider Medicaid ramifications.  I am a Jacksonville, Florida elder law attorney that can coordinate these benefits

You can learn the specifics of VA aid and attendance planning in Florida in this blog.

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1 comment:

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