
Home Care Costs Rise Sharply in Annual Long-Term Care Cost Survey
When it comes to long-term care costs, the charges for home care are now rising faster than those for nursing home care, according to Genworth’s 2019 Cost of Care survey.
The Department of Veterans Affairs (VA) Pension program provides a monthly pension to veterans, the surviving spouse of a veteran, who served during an eligible wartime period and meet certain age or disability requirements. There are effectively three essential requirements for eligibility of VA Pension program: 1) service requirements; 2) medical requirements; and financial requirements.
Service Requirements
In order for a veteran or his or her surviving spouse to be eligible for VA Pension, the veteran must have better than dishonorable discharge, and either 1) started on active duty before September 8, 1980, and served at least 90 days on active duty with at least 1 day during a wartime period; or 2) started on active duty as an enlisted person after September 7, 1980, and served at least 24 months or the full period for which you were called or ordered to active duty (with some exceptions) with at least 1 day during a wartime period; or 3)the veteran was an officer and started on active duty after October 16, 1981, and hadn’t previously served on active duty for at least 24 months. Under current law, the VA recognizes the following wartime periods to decide eligibility for VA pension benefits:
Medical Requirements
And at least one of these must be true:
When it comes to long-term care costs, the charges for home care are now rising faster than those for nursing home care, according to Genworth’s 2019 Cost of Care survey.
If you are nearing your 50s without a post-retirement plan, this is an opportunity to plan judiciously and start saving for your retirement. Here are five strategic steps for achieving this.
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Being appointed guardian of a loved one is a serious responsibility. As guardian, you are in charge of your loved one’s well-being and you have a duty to act in his or her best interest.
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