benefits-we-accept

Benefits We Accept

VA Aid & Attendance (A&A) Pension Program

If you’re a veteran or a veteran’s spouse, you may qualify for financial benefits and services from the U.S. Department of Veterans Affairs (VA). Inspired Living is proud to support our veteran residents, so we invite you to explore the information below to learn more about the financial assistance the VA provides to senior veterans. Benefits from the VA’s Aid and Attendance (A&A) program offer an increased pension to senior veterans who need caregiver assistance with daily living. This includes the resident-inspired care provided by the passionate staff at Inspired Living communities across the Southeast.

That means if you meet one or more of the following conditions, you may qualify for a larger VA pension benefit:

  • You need help with normal daily living, including bathing, dressing, or eating
  • You are a nursing home patient
  • You are bedridden
  • You have very poor eyesight of less than a corrected 5/200 in both eyes or concentric contraction of the visual field of 5 degrees or less

You may also qualify for Housebound pension benefits if you have a permanent disability that confines you to your immediate premises.

Click here to learn more about the VA’s Aid and Attendance Pension and Housebound benefits on the VA’s website.

Long Term Care Insurance

These long-term health care insurance policies are provided by many private insurance companies. In return for paying a premium, policyholders are entitled to benefits that cover at least a portion of assisted living and related service costs.

Generally, to qualify for your long-term insurance benefits, certain conditions must be met, known as “benefit triggers.” For the most part, this involves the policyholder’s inability to perform predefined “activities of daily living,” or “ADLs,” for short. The most commonly recognized ADLs are things like dressing, eating, bathing, walking, using the toilet, and remaining continent. Once you’re unable to perform two or three of these ADLs on your own, your benefits will be triggered.

A Few Things to Look Out for When Shopping Policies

When looking at your options for long-term health care insurance policies, there are a few special things that are very important to consider:

  • What will the premiums cost? – Understanding what your plan will cost monthly or yearly is key to knowing what coverage you can afford.
  • What benefits will you receive? – Based on your premiums, it’s important to figure out how much will the policy pay out in benefits, once they’re triggered.
  • What are the policy’s ADLs? – Every policy is different, so be sure to understand your ADLs thoroughly.
  • Are cognitive impairments an issue? – Developing cognitive impairments, like Alzheimer’s, can affect ADLs under certain policies. That means you may be physically capable of performing certain daily activities but still need help. Be sure you understand your policy’s triggers as they relate to cognitive impairments.
  • What are the coverage exclusions? – There are a range of conditions that might exclude you from receiving your benefits, so be sure to get a full understanding of these exclusions before buying a policy.
  • What are the waiting and elimination periods? – Most of these policies have a waiting or elimination period that must pass before benefits will be paid out, generally ranging from zero to 100 days. Be sure to understand how many days will pass after you are certified unable to perform your required number of ADLs before your coverage will kick in.

For more information about long-term health care insurance policies and how to shop for the right policy for your needs, we encourage you to see this helpful resource from AARP.