How the Veterans Aid and Attendance Benefit Increases Your Senior Living Buying Power

Hand adding a coin to a pink piggy bank

When it comes to healthy aging, quite honestly, there’s a lot to do. You’re supposed to make sure to keep your body active and your brain engaged all while maintaining your social connections as well. Sure, the benefits to your overall well-being are worth the effort, but retirement is supposed to be a time with less responsibility on your plate, right? Well, it turns out that in senior living you can have your cake and eat it too, so to speak. Here’s how programs like our Vivid Life make keeping active, engaged, and connected easy and fun! 

Benefits of Healthy Aging 

Good things happen when you focus on healthy aging. In addition to feeling better overall, which in and of itself is a win, other benefits of keeping active, engaged, and connected include:  

  • Improved ability to do everyday things ​ 
  • Reduced impact of illness and chronic disease​ 
  • Enhanced mobility, flexibility, and balance
  • Improved sleep
  • Increased energy level
  • Reduced feelings of depression and stress
  • Increased feelings of happiness and self-confidence
  • Reduced risk of cognitive decline 
  • Increased mental adaptability and cognitive reserve 
  • Improved memory recall and problem-solving skills 
  • Improved concentration and attention to detail  

How Senior Living Can Help 

At home, particularly when living alone, it can be hard to stay as active, engaged, and connected as you’d like. From lack of opportunity to lack of motivation to lack of transportation to mobility challenges, and more, it’s tough, we get it! That’s why we created the Vivid Life program in our senior living communities. It’s composed of three parts: Vibrant Body, Vibrant Brain, and Vibrant Connections. Here’s what each entails:  

Vibrant Body We offer amenities such as a state-of-the-art fitness center, a pool, walking trails, gardening opportunities, and even a dog park to help you stay active. A sample of activities includes:  

  • Walking club – Daily walks at different outdoor locations using pedometers to measure steps. 
  • Yoga – At least once per week for gentle yoga, and once per week for mindful breathing. 
  • Fitness classes – At least two times per week using a variety of hand weights, resistance bands, and circuit-type exercises. 
  • Tai Chi – At least once per week with a live instructor. 
  • Non-traditional exercise – Dancing, gardening, etc. at least two times per week. 
  • Physical games and sports – Golf, putting, bowling, croquet, bocce, and ping pong available daily with organized events one to two times per week. 

Vibrant Brain We offer monthly calendars filled with classes, events, creative arts, and enrichment opportunities to help keep you engaged. A sample of activities includes: 

  • Visiting lecture series – Twice per month with topics such as cultural, historical, local interest, career-oriented, etc. 
  • Creative art series – At least one per week with a theme that runs 3-6 weeks, such as poetry writing, storytelling, painting, digital photography, etc. 
  • Learning series – At least three times per month with an emphasis on learning something new such as foreign language, sign language, technology, hobbies, etc. 
  • Games – At least one time per week and may include poker, bridge, Scrabble, etc. 
  • Mindfulness – A meditation class once per week and gratitude discussion group twice monthly. 
  • Church service – At least once a week through visits by local churches. 
  • Stress reduction – At least once per month class that offers deep breathing exercises, nature walks, music appreciation, spa-type treatments, etc. 

 Vibrant Connections We offer resident-led clubs, social events, outings and volunteer opportunities for any interest to help you stay connected. A sample of activities includes: 

  • Outings – At least twice per month and may include going to concerts, art shows, museum visits, theatre productions, etc. 
  • Intergenerational programming – At least once per month and focuses on building relationships between young adults/children and residents. 
  • New resident welcome party – At least once per month to formally introduce all new residents, and includes ice breakers, social games, etc. to encourage connection. 
  • Philanthropic program – At least once per month provide residents the opportunity to give back to the community, such as volunteering for a local food bank or pet shelter. 
  • Resident-led clubs – May include game clubs, professional clubs, common interests, etc. that meet at least monthly.  

What’s more, it’s all right outside your door (or transportation is provided offsite) and all in a supportive environment with home maintenance, housekeeping, and restaurant-style dining freeing your time to make it even easier to stay active, engaged, and connected. 

Learn more about Vitality Living’s Vivid Life programs. Or find a Vitality Living community near you today to schedule a tour. 

blog-family-decision-guide

 

If you are a wartime veteran or the surviving spouse of a veteran who is considering senior living, you may have more buying power than you think. Aid and Attendance is a benefit that provides payments in addition to the monthly VA pension for qualified applicants. What’s more, with recent changes to the benefit, more applicants are qualifying and doing so earlier than ever. Learn about the difference Aid and Attendance can make to your budget.

What is Veterans Aid and Attendance?

VA Aid and Attendance can help pay for care in independent living, assisted living, home health care, adult day care or skilled nursing. You may be eligible if you receive a VA pension and meet at least one of these medical requirements.

For more information on preparing financially for retirement, check out our Family Guide to Funding Senior Care & Housing!

New Call-to-action

In 2018, the VA made two big changes to the approval process for pensions with the Aid and Attendance benefit:

  1. The maximum amount of assets a claimant, whether single or married, is allowed to have is now equal to the Community Spouse Resource Allowance defined by Medicaid – which is $129,094 for 2020.
  2. A three-year look back period for the transfer of assets. This means that if you transfer or gift assets during this period, and the asset would have put you over the maximum amount, a penalty period not to exceed 5 years will be calculated based on the portion of the transferred assets that would have made net worth excessive.

The Benefit to Your Buying Power

By increasing the maximum amount of assets, more applicants either qualify immediately or qualify earlier than they would have before.  The maximum benefit in 2020 for qualified applicants is:

  • Single Veteran – $1,911 monthly
  • Single Veteran with a Dependent Child – $2,266 monthly
  • Married Veteran – $2,266 monthly
  • Married Veteran with Spouse who needs care – $1,500 monthly
  • Surviving Spouse with no Dependents – $1,228 monthly
  • 2 Married Vets –
    • Only 1 Vet – $2,266 monthly
    • Both Vets – $3,032 monthly

As you can see, this additional, tax-free benefit could make a significant impact on your senior living buying power by:

  • Opening up more options when it comes to choosing senior living communities. For example, you now may be able to afford a community located closer to family and friends. Or, a two-bedroom apartment in the senior living community of your choice instead of a studio.
  • Enabling a longer stay in the community longer than your budget otherwise may have allowed. According to Elder Resource Benefits Consulting, a married veteran with $35,000 in assets, monthly income of $2,000 and monthly community fee of $4,000 with no other expenses would be out of assets in 1.45 years. However, with a monthly benefit of $2,266 they’d no longer have a shortfall.

Applying for Veterans Aid and Attendance

To apply, send a completed VA form to the Pension Management Center (PMC) that serves your state. Or, apply in person at a VA office near you.

For more information, check out our Family Guide to Funding Senior Care & Housing!

Vitality Living half Blossom
Skip to content