Posts Tagged ‘medicaid’

Senior Life Care Planning works with individuals and families as advocates for their care, residence, and assets.

Senior Life Care Planning helps clients and their loved ones navigate the maze of legal, care and financial issues associated with dementia, Alzheimer’s Disease, or other disabling health issues.

How does a reverse mortgage effect assets or income with regards to VA Pension with A and A?

You do not report a reverse mortgage ie it’s a loan that is paid back; therefore, it is not an asset or income.

If you are a veteran or spouse/surviving spouse of a veteran and over the age of 65, or know of a loved one or friend who is, you owe it to yourself to come

The veteran had to have served at least one day of active service in the US military, during a war.

Where can you find care at home or at an assisted living facility?

To increase your monthly income, please contact us about a FREE HANDBOOK about VA Benefits, written by David Wingate, an accredited VA Attorney, of Senior Life Care Planning, LLC, go to info@seniorlcp.com or if you require additional information about VA Benefits, visit our Senior LCP’s Website.
We also have a Blog on Elder Issues and Veteran’s Benefits.
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How to qualify for aid and attendance

We see a number of cases, where a financial planner (scammer) sells an annuity to an 80 year old plus veteran with a 20 – year surrender penalty. Consequently, if the veteran has to be placed in a nursing home, the veteran will not qualify for medicaid, causing huge financial repercussions.

aid-and-attendance benefit pays a maximum of $1,949 a month to qualified married veterans.

Companies, such as Senior Life Care Planning helps families receive the aid and attendance – veterans benefit.

Aid and Attendance is an underused Veteran’s benefit.

“This can be really important not only for older Americans, but also for their kids if they’re trying to deal with mom and dad and how they’re going to pay” for assisted-living and other long-term-care services.

A Federal court has ruled that an immediate annuity is not considered an asset for Medicaid qualification purposes.

The decision applies to annuities, which are irrevocable and nontransferable. In Lopes v. Starkowski [No. 3:lO-CV-307 (JCH)], the United Stated District Court in Connecticut ruled that the income stream from an unassignable immediate annuity is not an asset for Medicaid eligibility. As precedent, it cites a Third Circuit opinion —James v. Richman [547 F.3d 214 (3 Cir. 2008)]–which held that under the Supplemental Security Income program, “an unassignable annuity’s income stream would be treated as income and not as an asset.” But the new District Court decision went further, by stating that “it would be incongruent with the principles of…

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Is the Surviving Spouse’s education expenses deductible?

Expenses paid by a veteran or surviving spouse for his/her own education are deductable under the following criteria.  However, these cannot be reimbursed by any other source.     § 3.272   Exclusions from income.   (i) Educational expenses. Amounts equal to expenses paid by a veteran or surviving spouse pursuing a course of education or vocational rehabilitation or training, to include amounts paid for tuition, fees, books, and materials, and in the case of a veteran or surviving spouse in need of regular aid and attendance, unreimbursed amounts paid for unusual transportation expenses in connection with the pursuit of such course. Unusual…

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What documentation should you submit to the VA for family daily services?

You should have a contract between the family member and the veteran – a personal caregivers agreement, submit this with the VA application. Additionally, the personal caregiver affidavit is required, by many adjudicators. To increase your monthly income, please contact us about a FREE HANDBOOK about VA Benefits, written by David Wingate, an accredited VA Attorney, of Senior Life Care Planning, LLC, go to info@seniorlcp.com or if you require additional information about VA Benefits, visit our Senior LCP's Website. We also have a Blog on Elder Issues and Veteran's Benefits. If you are not receiving our Newsletter, go ahead and subscribe…

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