Medicaid Planning Solutions
Many veterans, over the age of 65, and their families are unaware that they are eligible for financial assistance. The Veteran’s Aid and Attendance Improved Pension Benefit is a non service connected program for qualified veterans, their spouses or surviving spouses. The monthly benefit helps to offset the costs associated with health insurance premiums, prescription co-pays, cost of in-home care, and cost of care in an Assisted Living Facility. A married veteran can receive up to $2084 per month, a single veteran can receive up to $1759 per month and a surviving spouse can receive up to $1130 per month. Medicaid Planning Solutions assists the families and caregivers of the qualified veteran in navigating the often complicated and frustrating application process of the VA Aid and Attendance Improved Pension Benefit.
The average annual cost for Long Term Nursing Home Care in Florida is $82,125.00 (Genworth, 2013.) Unfortunately, this cost is not covered by Medicare nor Supplemental health insurance. Medicaid Planners help clients structure their financial resources and prepare documentation to secure Medicaid approval. For example, a couple with $200,000.00 in CDs would be ineligible for Medicaid due to being over the asset limit. If they private paid for two years of nursing home care for one spouse, they would spend $164,250.00. However, with our “Guaranteed Approval” Medicaid Plan, the cost can be as little as ZERO and the whole $200,000.00 in CDs would be preserved for the spouse remaining at home. We can help you save your nest egg by using strategies that comply with State and Federal Guidelines. .