Is your parent or loved one a veteran? Do they require daily assistance? They might qualify for significant financial benefits from VA Aid and Attendance.
Unfortunately, many folks are unaware of the benefits available to veterans and surviving spouses. My family and I certainly were while taking care of my father, a Navy veteran from WWII, living with lung cancer. Your parent might be eligible for up to $1644/month, while a surviving spouse of a veteran might be eligible for up to $1057/month. A married couple might be eligible for up to $1950/month.
These benefits apply to veterans and surviving spouses who require the regular attendance of another person to assist in bathing, dressing, meal preparation, medication monitoring, or other various activities of daily living; it is available to individuals who reside in assisted living communities, personal care homes, skilled nursing facilities, and those receiving personal in-home care. The Veteran or surviving spouse must also have an income below a certain level, with assets no more than $80,000, but both of these are subject to certain qualifications.
photo credit: law.marquette.edu.
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