How can a home owning veteran afford an assisted living facility?
First, only paid unreimbursed medical expenses can be claimed. Consequently, if the veteran is not already in an assisted living facility, it does not count. Therefore, the veteran needs to move into the assisted living facility. Otherwise, the veteran needs a paid caregiver until they can obtain the VA benefits and then move into the Assisted Living Facility. Therefore, once the award comes in, utilize the VA benefits to move the veteran into the assisted living facility.
If you utilize a family caregiver, there must be a money exchange and it cannot exceed what the claimant can actually pay, either from income or assets. Additionally, there is a personal tax liability for the family caregiver.
To increase your monthly income, please contact us about a FREE VA benefits HANDBOOK, written by David Wingate, an accredited VA Attorney, of Senior Life Care Planning, LLC, go to email@example.com or if you require additional information about VA Benefits, visit our Maryland Veterans Benefits website.
Please review our Blog on Elder Issues and Veteran's Benefits.
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