Are long term care benefits considered income by the VA?
My Mom was just approved for VA spousal pension and A&A benefits. She is currently in a nursing home for long term care. She also has a long term care policy that will pay for 2 years of nursing home care. Will the VA consider the long term care benefits as income and reduce the A&A? Do I need to include the long term care benefits on the VA documents?
Even though the long term care policy that Mom has is considered insurance, the monthly benefit amount would be documented as "other income"and would count toward her recurring monthly medical expenses and would need to be applied accordingly.
For example, if the daily cost of her care in a long term care nursing home is $280.00/day and her long term care policy pays $180.00 towards the cost of the care, only the balance of $100/day could be claimed as a monthly out of pocket medical expense. Depending upon what Mom's total countable monthly income is, the amount of her VA Pension Benefit could be impacted. It's important to remember that the VA Disability Pension's purpose is to supplement high monthly medical costs, not cover the entire cost of care.
This amount should be included under other income on the VA documents.
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