“My feelings on veterans benefits,” Cleland continued, responding to the Republican pledge to slash them, “they’re all pre-paid. Veterans gave at the office.”
While the rules have changed, attendees will discover that good planning opportunities exist for those who plan ahead, as well as those who are already in a nursing home.
For the first time, service members can transfer the tuition benefit to spouses or children. The benefit can be used for up to 15 years after the service member leaves active duty.
A comprehensive veterans' benefits bill is headed to the White House for President Obama's approval. If passed, the Veterans' Benefits Act of 2010 (H.R.3219) would expand insurance options for disabled vets, upgrade compensation benefits and employment protections, allow the Department of Veterans Affairs to keep using private physicians and to provide vets with disability evaluations. The bill passed the House late Thursday after passing the Senate on Tuesday. Key sponsor Sen. Daniel Kahikina Akaka (D-Hawaii) said his bill will "upgrade the benefits that veterans have earned through their honorable service," according to a release from Akaka's office.
However, momentum toward Assisted Living, should not lead one to assume that Assisted Living is always the right choice, or that any and all health care conditions can be accommodated within Assisted Living.
Basically, the only good advice, is “Consult with an estate-planning attorney or other asset-protection professional who is steeped in knowledge of VA pensions and assisted-living benefits.”