Did you know that you could be entitled to a Veteran's Benefit that helps defray the cost of Assisted Living? This can apply to the veteran or the spouse! For more information, we recommend you check with a company that has the right experience. It doesn't hurt to investigate because you may ... Read Full Post
Did you know that you could be entitled to a Veteran's Benefit that helps defray the cost of Assisted Living? This can apply to the veteran or the spouse!
For more information, we recommend you check with a company that has the right experience. It doesn't hurt to investigate because you may qualify for it. Plus, the benefit increased this year! Here is some information to get you started.
Good News: VA Benefits Increase for 2018
Last year’s increase was disappointing to say the least, but this year the 2% COLA increase looks a little more attractive for our veterans and surviving spouses. The same percentage increase should also be seen in monthly social security payments.
John Kinney says, “A cost-of-living raise is an increase in pay that's intended to keep the buying power of an employee's salary the same during a period of inflation. Without a cost-of-living raise, the declining value of the dollar would leave workers with less real money in their pockets. Cost-of-living raises are also known as cost of living adjustments (COLAs), cost of living allowances and escalator clauses.”
The information, when finalized, will be available to you via pdf. format with all other pertinent information for referring veterans and spouses who need assistance, and we will be sending it out via email, and will be on our website.
We want you to be prepared to share correct information with families concerning the amount of the maximum benefit available to them for 2018. Brochures with the updated information will also be sent out after the first of the year and an e-brochure available at that time. You will also find the final update available on our website and you can always download the most current brochure from the site too.
We believe the new Maximum Pension plus Aid and Attendance rates will look as follows depending on how they decide to “round”:
• Veteran Couple $2902
• Married Couple $2169
• Single Veteran $1829
• Surviving Spouse $1176