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Posts tagged "Veterans Benefits"

Long-Term Care Benefits for Veterans and Surviving Spouses

4039f89d3b.jpgLong-term care costs can add up quickly. For veterans and the surviving spouses of veterans, help may be available. The Veterans Administration (VA) has an underused pension benefit called Aid and Attendance that provides money to those who need assistance performing everyday tasks.

Long-Term Care Costs on the Rise

16365-Rising costs.jpgThe median cost of a private nursing home room in the United States has increased to $97,455 a year, up 5.5% from 2016, according to Genworth's 2017 Cost of Care survey, which the insurer conducts annually. Genworth reports that the median cost of a semi-private room in a nursing home is $85,775, up 4.44% from 2016. The rise in prices is much larger than the 1.24% and 2.27% gains in 2016.

VA Pension Benefits and Medicaid Planning: Using These Tools to Defray the Cost of Elder Care

One of the biggest concerns for aging boomers is the question of how to cover the cost of nursing home care or assisted living. These are high costs that can quickly deplete the value of an estate.

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