Tag Archives: spend-down
What Is the Veterans Aid and Attendance Pension Benefit?
”Aid and attendance” is a commonly used term for a little-known veterans’ disability income. The official title of this benefit is “Pension.” The reason for using “aid and attendance” to refer to Pension is that many veterans or their single surviving spouses can become eligible if they have a regular need for the aid… Read More »
Average Cost of a Nursing Home Inches Closer to $80,000 a Year
Although the US economy has seen price rollbacks during the last year, long-term care providers have actually been raising rates, according to the 2009 MetLife Market Survey of Nursing Home, Assisted Living, Adult Day Services, and Home Care Costs. Private room nursing home rates rose 3.3 percent to an average of $79,935 a year… Read More »
Will Medicaid Take My Home?
Medicaid and Medicare are two government programs available to seniors that can be very confusing. Medicaid is a federal government program, administered through the states, that will cover almost every expense associated with nursing care for those who qualify. Medicare is a health insurance program for people over age 65 or for people under… Read More »