Veterans had done a lot for our nation and their sacrifices are something that we hope to never take for granted. To show appreciation for them, they are entitled to a ton of perks but often, veterans are unaware about these benefits. We are aware about this lack of awareness, which is why we hope that this article can raise more awareness about veteran benefits, eligibility, the types of benefits available and how you can best use this information to cut costs in your golden years.
Veteran Benefit Eligibility
For those who are considering whether you’re eligible for veteran benefits, all you’ll need to have done was serve for at least 90 days consecutively of active duty, with one day during war time. This is for older veterans. Meanwhile, for younger veterans, if you entered active duty after September7th, 1980, you must have served for least least 24 months or the entire period when you were called to active duty, with at least one day during war time.
Wartime is specifically considered to be:
- World War II
- Korean War
- Vietnam War
- Gulf War
What Type of Veteran Benefits Are Available?
There are three types of benefits that veterans are entitled to. You can collect one or more of the three listed below:
- Basic pension: This is a tax-free benefit that low-income wartime veterans are given. This is for those veterans who need assistance with day-to-day expenses. This is based on need and is available to those whose income falls below a certain limit.
- Aid and assistance: This is provided in addition to the previous benefit, so that eligible veterans and spouses/dependents can get the assistance of someone to help care for them on a daily basis.
- Housebound benefits: This benefit is also payable in addition to the basic pension for veterans who are housebound because of a permanent disability.
What Types of Senior Living Expenses Are Covered?
Veteran benefits can provide monthly income that can help to subsidize the cost of living and care. However, there are limits to the type of care that is supported under these programs. It is very rare that independent living community costs are covered in this. However, each veteran case is very special which is why it’s good to get in touch with someone who can give you personalized advice based on your own circumstance.
Why Choose Discovery Village At Deerwood?
Discovery Village At Deerwood is a resort-style community where you can be assured that your golden years will be filled with bliss and enjoyment. We have an experienced team to take care of the needs of our residents, as well as extensively planned program to ensure that our residents are meaningfully engaged. Our amenities and activities, such as chef planned dishes, social activities and free transportation are just some of the perks you will enjoy with us.