How to calculate aid and attendance benefit

Discussion in 'General Discussion' started by caspersmom, Sep 21, 2010.

  1. caspersmom

    caspersmom Newbie

    My Mom is already recieving Aid and attendance but had been diagnosed with COPD so her expenses have gone up. I figured her medical expenses to be 16,272 and her income to is 18536 so am I correct that her annual coutable income is 2264? Then how do I calculate what her monthly benefit should be?

    Thanks for your help I just want to make sure her home care is covered.
  2. vetadmin

    vetadmin Administrator Staff Member

    Do NOT count their residence or vehicle when estimating net worth.

    Do NOT count a life insurance policy (because the policy holder must be
    deceased in order to benefit from it).

    DO count CDs, annuities, stocks, bonds, savings, checking, IRAs, Keogh,

    DO count any assets owned by the spouse as well.

    As a rule of thumb, assets should not exceed $80,000. That amount drops
    depending on the age of claimant.

    List below the estimated ANNUAL income of the veteran or surviving spouse:

    Estimate total income (If married include spousal income): ______

    All income must be included. This includes social security, pension,
    interest income, dividends, income from rental property, etc.

    If the veteran is married, then any spousal income must also be included.

    List all unreimbursed, recurring health care expenses:

    This includes:

    Assisted Living costs (per month): _________________

    Nursing Home costs (per month):________________

    Home Care service (per month):_______________

    Health Insurance premium (per month):_______________

    Medicare premium (per month):_________________

    Regular (unreimbursed) prescriptions
    (per month & verifiable through a pharmacy print-out): _____________

    TOTAL Expenses per month: __________
    (multiply x 12 to get total annual expenses)

    Subtract your total annual health care expenses from your total annual
    income and write the amount here: _____________. This is your "countable" income
  3. caspersmom

    caspersmom Newbie

    Thanks Then do you subtract countable income from mapr to get what benefit you should recieve? Is that correct?
  4. Max

    Max Hero Member

    Roughly yes.
  5. caspersmom

    caspersmom Newbie

    ok thank you for your help

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