smart spending

5 ways to find cash for caregivers

What financial help can a veteran find?
4 of 6
What financial help can a veteran find?

Homebound veterans who served at least one day during a wartime period and are low-income (household income under $19,736 for a single veteran) might qualify for an Aid and Attendance Allowance, whereby monetary aid can be used to pay a caregiver who is a family member.

Veterans and surviving spouses of veterans can apply for the program. And veterans or surviving spouses with higher incomes but with significant medical expenses not covered by Medicare or private insurance also may be eligible.

One of the best ways for veterans and their families to find out more is to visit their county courthouse, says Tom Pamperin, deputy under secretary for disability assistance at the Veterans Benefits Administration.




Show Bankrate's community sharing policy
          Connect with us
Find Senior Housing Near You

Let us help you compare

  • Pictures
  • Pricing
  • Options
Zip code or City, State

Get Help Now



Sally Herigstad

Be cautious before helping seniors with their finances

Know what you're getting into before stepping into a legal thicket.  ... Read more


Senior Living Adviser

Raid IRA to get into senior housing?

Dear Senior Living Adviser, I am considering moving into a Continuing Care Retirement Community, or CCRC. I am 72 and retired (except for a couple days a week as an adjunct instructor at a local college, which will end...

View more Bankrate Advisers »

Connect with us