You may have to go through this, but you don’t have to go through it alone
Thank you for your military service!!
Financial concerns should be the last thing on your mind when your aim is to ensure your elder parent or relative is receiving the most appropriate care possible at this stage of their life. However, in today’s economic climate, it has become an even greater responsibility to pay close attention to their finances. One of our specialties is helping an elder ensure they will not run out of money before they die.
Taking care of your loved one doesn’t have to cost a fortune. We have years of experience working with private insurance companies, attorneys, trust officers, Medicaid, Medicare and all types of social service agencies. The Cameron Group’s Professional Aging Life Care™ Managers are keenly aware of the benefits available to elders and will help you understand the options and resources available so you can secure the funds your parent needs.
Whether it’s paying for assisted living, nursing home, expensive medications, or home health care, the inflating cost of supporting an elder is an unavoidable reality. Many children are providing the care for their parent themselves and can get reimbursed for their efforts. If your elder is a Veteran or a surviving spouse of a Veteran they may be eligible for financial assistance from the VA that would help cover these costs.
The Cameron Group Life Care Management Benefits Team offers comprehensive services that will help determine which VA benefits you’re eligible for and how much income these benefits can offer and how to navigate the benefits process. These benefits include Disability Compensation, Health Care, Memorial Benefits, Education and Training, Home Loans and Housing-Related Assistance, Pension, Employment Services, Life Insurance and benefits for Spouses, Dependents and Survivors. For more information about benefits you may be eligible for, you can access the VA website at http://www.benefits.va.gov/benefits/.
One of the benefits we are proud to secure for Veterans is called Pension with Aid and Attendance Benefit. This benefit is available to a Veteran who served 90 days of active duty with at least one 1 day during a period of War – or the surviving spouse of a Veteran who meets this criteria and whose marriage to the Veteran ended in death. The Veteran or surviving spouse must meet clinical and financial eligibility requirements as well. Medically, the Veteran or surviving spouse must be receiving assistance with activities of daily living such as eating, bathing, dressing, or attending to the needs of nature in a nursing home, assisted living facility, or in their own home. Financially, the applicant must have under $80,000. in assets (excluding a home and vehicle) and be paying out-of-pocket for their medical assistance to the extent that they meet or exceed their monthly income.
A Veteran is eligible for up to $1,788.00 per month, while a surviving spouse is eligible for up to $1,149.00 per month. If a Veteran and their spouse are applying as a couple, they are eligible for up to $2,120.00 per month. If two Veterans are married to each other and both meet the medical need requirement, they are eligible for up to $2,837.00 per month. It may take as long as 4-6 months to receive payment from the VA, but benefits start retroactively from the first of the month following the date of application. Our current timeline for approval is approximately 2.2 months for the veteran and 3.8 months for a surviving spouse of a veteran. One phone call can determine eligibility at no cost to you.
There are several options when it comes to securing VA Aid and Attendance benefits. One option is to use your local Veterans Service Organization (V.S.O.). This is a safe and cost-free option. It can be time consuming, thus resulting in a longer waiting time for the elder to be receive the benefit. In addition, some family members and elders find the process overwhelming and do not want to embark on this project without help.
You may also read about Financial Advisors who claim to secure this benefit for elders for “free.” These Advisors frequently lack the knowledge required about other benefits (for example, Medicaid) and advice given to secure the VA Benefit may make the Veteran ineligible for other state benefits. Securing benefits for an elder is a specialty best handled by Professional Care Managers and Attorneys. A Financial Advisor’s primary business is financial advising NOT elder benefits. They are often paid by commission, for example, when annuities are sold or when they begin managing an elder’s portfolio.
We have been asked to unravel situations where annuities have been sold to the elder, or assets have been transferred out of their name, which resulted in an elder becoming ineligible for Medicaid. We have also been called to verify information given to an elder by a financial advisor that was erroneous.
Many Assisted Living Communities are promoting the use of Financial Advisors, making it appear as though this is a safe and reputable referral. However, please read the following excerpt from AARP News Bulletin: Scam Alert: Taking Aim at Old Soldiers; Seminars Target Vets With Unwise Investments – AARP Bulletin, before making your decision. We believe the best professionals to secure the Aid and Attendance benefit are associated with the VSO’s, The Cameron Group Care Management Services and certain elder care Attorneys.
The Cameron Group Life Care Management Services has a 100% approval rating for pension applications and utilizes a team of Accredited Claims Agents certified by the Department of Veterans Affairs to help with this process. Our Accredited Claims Agents have the ability to communicate directly with the VA on your behalf, streamlining and shortening what many feel is a complex process, allowing you to focus on what’s most important – providing the best care possible to an older parent or relative.
Benefits Department: (left to right)
Debrorah Carroll – Benefits Specialist
Patrick Hanley – Director of Benefits Services
Laura Jackson – Benefits Specialist
Dina Paul- Benefits Specialist
If you or a friend is experiencing any of the following scenarios, WE CAN HELP!
You are taking care of an elder in your home—and believe there may be funds available from the VA to reimburse you for the care you are providing.
You need to know how to combine Long Term Care Insurance with the VA Aid and Attendance benefits.
You have received a letter from the VA asking you to pay back benefits that were paid to the elder person.
You have limited funds, are eligible for Medicaid and VA benefits, and want to know how to apply for both.
The Veteran has been residing in an Assisted Living Facility; Retroactive benefits may be available (based on certain qualifications).
You are a military retiree and been told you are NOT eligible for this benefit, and want a second opinion.