Veterans 65 and older or their surviving spouses may qualify for an Aid and Attendance Pension that can help pay long term care expenses. A qualifying married veteran may receive up to $2,120 per month. This monthly benefit can provide significant assistance to veterans who are in need of long term care.
Many veterans believe that they cannot qualify for an Aid and Attendance benefit because of too much income or an excess of assets. However, through proper legal planning a veteran may be able to transfer assets outside of his or her name and still preserve those assets for the benefit of family members. In addition it may be possible to identify medical expenses that will offset the veteran’s income to the extent necessary to qualify for benefits.