5 lesser-known VA benefits for seniors

After veterans quit active duty and leave the armed forces, they become eligible to receive several benefits from the U.S. Department of Veterans Affairs (VA). These privileges ensure they have the necessary support to transition back to civilian life successfully. However, many senior veterans find it challenging to fully take advantage of their earned military perks. As a result, they often miss out on certain lesser-known benefits that are specifically designed for senior veterans.

Housebound benefits
Sometimes, elderly veterans may have to stay confined to their houses due to permanent disability or chronic health conditions that restrict their mobility. In such cases, one can take advantage of the lesser-known housebound benefits provided by the VA. This is received in the form of monetary relief. A veteran can use this to hire additional help, purchase essential items online, and carry out repairs at home. The amount of this relief usually depends on the number of dependents the veteran has.

Long-term care and caregiver support
Long-term can be quite expensive and often unaffordable for many. However, with many seniors requiring life-long care, it is helpful to get some level of assistance. Fortunately, the VA provides aid and attendance programs to senior veterans who require assistance and care. These programs can help cover the cost of nursing home fees, assisted living facilities, and other long-term care options. To be eligible for these programs, it is crucial that a senior veteran is first eligible for a basic pension. Once this criteria is met, they or their surviving spouses can apply for long-term care benefits.

Life insurance
Due to their advanced age and preexisting health conditions, seniors often struggle to qualify for life insurance plans. The VA offers insurance coverage benefits to make it easier for senior veterans to secure their lives. With the Veteran’s Group Life Insurance program, they can apply to purchase and pay for insurance plans of up to $400,000. The insurance premiums are quite competitive in the market, but seniors do not have to worry about paying exorbitant amounts for these plans.

Mortgage assistance
For many, navigating through home loans and mortgages can be overwhelming. Seniors, particularly, might find it difficult to manage their mortgages with only fixed pensions and no opportunities to increase their income. However, senior veterans can make mortgage payments with the help of the VA’s Home Loan Guaranty Benefit, also known as a VA loan. Senior veterans can use this loan to purchase a primary residence or refinance existing mortgages and home loans. Private lenders offer this type of loan, with a portion of it guaranteed by the VA.

Service dog veterinary benefits
The VA also offers veterinary benefits to those diagnosed with visual, hearing, or substantial mobility impairments who require support from a guide or service dog. To avail of these benefits, a veteran must enroll in VA health care and undergo a clinical evaluation. Those who have received approval after the evaluation are further referred to accredited organizations that provide them with a guide or service dog.