Tag: veterans benefits

ElderLife Financial is a financial aid office for senior living, a one-stop shop to help families understand how to pay for long-term care.

Emily Schwarz clarifies a number of common misconceptions people have about qualifying for veterans benefits.

Emily Schwarz at ElderLife Financial says Veterans Benefits are the most underutilized way to pay for senior care.

Your senior loved ones may quality for VA benefits. Emily Schwarz, VP of Sales for ElderLife Financial and President of AidInAttendance.com, tells us about these benefits and how to qualify for them, courtesy of MorningStar Senior Living.

Elder law attorney Jim Koewler joins Suzanne to talk about presumptive qualifications for VA Compensation, particularly service during Vietnam, in which veterans are presumed to have been exposed to Agent Orange if certain disabilities have occurred. At the 6 minute point, Jim talks about services administered through the health side of the Department of Veterans Affairs, the same group that runs the VA hospital.

When qualifications are met, the Department of Veterans Affairs rates the level of disability, from 0 to 100 in increments of 10. The money received is based on that level. Elder law attorney Jim Koewler joins Suzanne to talk about the money paid out for VA Compensation. A single, 100% disabled veteran would qualify for $3,332.06/month in 2022, whereas for a married veteran the level is $3,517.84/month. On top of Compensation, a special monthly compensation can also be paid, and the money varies.

This segment focuses on qualifying for the federal program known as VA Compensation. There is special monthly compensation for a veteran or a surviving spouse, child, or parent who has certain disabilities or needs help with at least two activities of daily living: eating, walking, bathing, getting in and out of a bed/chair, cleaning up after going to the bathroom, grooming, dressing. When qualifications are met, the Department of Veterans Affairs rates the level of disability, from 0 to 100 in increments of 10, which is up to the case manager.

If someone in active military service is injured or becomes ill, or has some prior injury or illness exacerbated by their service, and later in life it results in a disability, then they're entitled to VA Compensation. Elder law attorney Jim Koewler joins Suzanne to talk about the benefits of this federal program run by the Department of Veterans Affairs.

When talking to an elder law attorney, what questions should you ask about spend downs, and what questions you should be prepared to answer? If you have the power of attorney for a senior loved one, how do you start the conversation with the family about their assets, and how do you best navigate this with them? Elder law attorney Jim Koewler joins Suzanne Newman to answer these questions.

How do you take care of your spouse if you need long term care now? What can you do with your money if your spouse is still at home? Elder law attorney Jim Koewler joins Suzanne Newman to answer these questions, by spending down your money to access Medicaid and VA benefits.