VA Pension Benefits
Veterans and surviving spouses who have substantial medical needs or require personal assistance on a daily basis may qualify for supplemental Aid and Attendance or Housebound benefits. Even individuals who don’t qualify for a military pension due to excess income can access benefits through one of these programs. These funds can be used to pay for assisted living fees, medical bills and other expenses.
- Housebound provides an extra pension payment to veterans and survivors who are confined to their homes due to a permanent disability.
- A&A assists those who are bedridden, require assistance with activities of daily living, reside in a nursing home or suffer from severe vision impairments.
For more details, seniors can contact the
VA Indianapolis Regional Office by calling (800) 827-1000. Applications may also be mailed to the state’s
Pension Management Center. Medical reports are required along with specific application forms.
Bridge Loans Short-term
bridge loans help to cover funding gaps of 12 months or less that occur when individuals transition into assisted living. These financial products are ideal for seniors who own their own home and need to access part of their equity to cover assisted living fees and move-in expenses. Bridge loans can also provide temporary funding while seniors apply for government benefits or submit an appeal.
Funds are typically available within 24 hours, so seniors don’t have to wait for their home to sell to access the cash. Elderlife accepts multiple cosigners, and funds are available as a lump sum or line of credit.
For more information, contact
Elderlife Financial Services by calling (888) 228-4500.
Residential Care Assistance Program Hendricks County residents who are aged, blind or disabled and qualify for Hoosier Care Connect may be eligible for additional benefits through Indiana’s
Residential Care Assistance Program. SSI recipients may also qualify for benefits. Eligible individuals must live in a licensed residential care facility that has an active RCAP contract with the FSSA. The program provides a
daily stipend directly to the assisted living facility. These funds offset the cost of room, board, laundry and care coordination. Indiana also offers a nominal personal needs allowance. Assisted living facilities are responsible for submitting benefit applications. Seniors can contact an RCAP-participating community for more information.