Posts Tagged ‘life insurance’
Are Your Parents Making Use of These Benefits for Veterans?
The Department of Veterans’ Affairs does a lot to take care of its veterans, both during and after their time in active duty, but those benefits don’t automatically appear. Most of them have to be applied for, but sadly, many veterans don’t even know all the options that are available to them. So, if you or a loved one is a veteran, make sure you know about these important benefits.
Healthcare is expensive, and that’s especially true if you’ve been wounded in the line of duty. You or your loved one might be eligible for healthcare that is either free or low cost through a VA hospital or medical facility.
This also extends to mental healthcare. It’s common for wartime veterans to suffer from PTSD and/or to require professional counseling, which can also be expensive. Fortunately, the VA provides both counseling and PTSD support to its veterans.
If you or a loved one was wounded in the line of duty in a way that left you disabled and unable to earn a living, you could be eligible for disability compensation through the VA.
The VA Pension is a program that provides income to veterans who have no or limited income and meet one of the following criteria:
- Is aged 65 or older
- Is permanently and totally disabled
- Is a patient in a nursing home
- Is receiving Social Security disability benefits
Long-Term Care Costs
If you struggle to pay for long-term care for a loved one who’s a veteran, the Aid and Attendance Program offers help with long-term care costs, including the costs associated with living in an assisted living community, a nursing home, or having a caregiver come to your house to care for you. The program also covers long-term care costs for the surviving spouses of veterans, so if the veteran in your family has passed on, but their spouse needs help paying for long-term care, they could be eligible for funding from the Aid and Attendance Program.
The veteran in your life might have a hard time making sure you and the rest of their loved ones are financially stable after they’re gone because most insurance companies won’t sell them life insurance, especially if they were injured in the line of duty. The Servicemembers’ and Veterans’ Group Life Insurance Program offers life insurance to veterans with competitive premiums.
Free Tax Preparation
Taxes are complicated for most of us, but they can be especially complicated for veterans. The Volunteer Income Tax Assistance offices located on military bases offer free help for veterans filing their taxes. They have experience dealing with the complex tax issues unique to veterans, so not only is it free, it’s also a great way to get an expert on your side who knows the ins and outs of your particular situation.
If you want to mark your loved one’s service to their country after their death, you can request an American flag to be draped over their casket and a Presidential Memorial Certificate, both of which will be paid for by the Department of Veteran’s Affairs. They can also provide a free headstone or grave marker for your loved one.
Here at Stillwater Senior Living, we treat our residents like family. Our apartments include studio, one bedroom, and two bedroom suites, and we are pet friendly. They are designed with security features, maximum accessibility, and include walk-out patois with a full range of amenities for the entire family.
CONTACT US today for more information and a tour of our beautiful state-of-the-art community.