The National Alliance for Caregivers states that caregivers of veterans are twice as likely to remain a caregiver for 10 years or longer, and are often unable to retain a job while providing adequate care for their veteran.
“With stress and pressure stacking up, these caregivers, often the adult children or even grandchildren, may wonder where to turn for assistance, and may be unaware of resources that are available for veterans,” says McIntosh.
For caregivers who are no longer able to provide the amount and quality of care their loved ones need, the Aid and Attendance benefit provided by the U.S. Department of Veterans Affairs, can be a huge help. This benefit helps to offset the cost of rent in assisted living communities for veterans and their spouses. Aid and Attendance is not a new benefit, but many of those who are eligible are unaware of what it can provide.
The benefit increased in 2012. Veterans may now qualify for up to $1,704 monthly and surviving spouses may qualify for $1,094 monthly to assist with rent at an assisted living facility. For a couple (married veteran and spouse), the benefit is $2,020. There are also benefits available for the spouse of a veteran, even if the veteran is still alive but will not be living in the assisted living facility.
Information on Aid and Assistance is available through the U.S. Department of Veterans Affairs and many assisted living facilities. Veterans and their caregivers in need of assistance are urged to contact their local VA office.
About Grand Villa of Altamonte Springs
Grand Villa of Altamonte Springs (http://www.altamontespringsseniorliving.com) is a 120-apartment independent living, assisted living and memory care senior living community. Offering interior and exterior common areas and resident amenities that include television lounges, a café, country store and private dining room, Grand Villa of Altamonte Springs accepts Medicaid waiver financial assistance.
About Senior Management Advisors, Inc.
Senior Management Advisors (SMA) (http://www.seniormanagementadvisors.com) is a leading operator of full service independent living, assisted living and Alzheimer’s care residential communities in Florida and Georgia. SMA specializes in rejuvenating and stabilizing senior living communities for owners, financial institutions, private investors and government agencies. SMA’s services include consultation, management, development and renovation of residential communities.
About Valstone Partners, LLC
Valstone Partners (http://www.valstonepartners.com) is a private equity investment firm with significant experience in the senior living industry. Investment funds managed by ValStone Partners hold interests in more than 20 senior living communities nationwide.