- Visiting Angels of Greater St. Charles
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Financial Assistance
While we are a private-pay agency that does not receive funds from Medicare or Medicaid, there are some sources from which Seniors can receive some financial help. Not all of these sources are available to everyone, but they are certainly worth investigating. The sources that are provided here are not the only originations that can provide assistance. Please use your own judgment and your own due diligence.
Servicing the Communities of Greater St. Charles
The Veteran's Disability Pension Aid and Assistance Allowance
Did you know that as a Veteran of the US Armed Services, you may qualify for a special Disability Pension benefit that can be used to cover some of the costs of home care services?
Veterans who served during a wartime and have a non service related disability which requires aid and attendance by another person may qualify. Since the program applies to anyone who served at least 90 days, you could be eligible to take advantage of this earned benefit program.
Disability benefits are available for both service related and non-service related. Certain requirements do apply. You may also qualify under a “Low Income” provision if the net monthly income after certain medical expenses is low enough and meets the US Department of Veterans Affairs criteria.
Qualification Criteria Veterans or Widowed Spouses
The Veteran, alive or deceased, must have served ninety (90) consecutive days active duty with at least one (1) day during war time. The Veteran must also hold an “Honorable Discharge” status. If the Veteran had a service related medical discharge with less than ninety (90) days active duty and one day during war time, he or she may qualify.
A widowed spouse must have been married to the Veteran at the time of the Veteran’s death and never remarried. The widowed spouse must have been married to the Veteran for at least one (1) year or have had children by the Veteran. The widowed spouse must also have been living with the Veteran at the time of the Veteran’s death, unless the separation was due to medical or military reasons.
There are certain qualification criteria (including the eligibility dates listed below) and the application process is time consuming and very involved. We highly recommend that you seek help with this process from professionals who deal with this benefit. There are several companies and individuals who perform this processing. We are most comfortable in recommending Veterans Care USA (whose contact information and information is noted below).
Eligibility Dates:
- WWI (5/9/1916 – 11/11/1918)
- WWII (12/7/1941 – 12/31/1946)
- Korea (6/27/1950 – 1/31/1955)
- Vietnam (8/8/1964 – 5/7/1975)
- Gulf / Iraq (8/2/1990 – Present)
Veterans Care USA
Veterans Care USA is a FREE National Service dedicated to helping caregivers and the families of Veterans understand the Aid and Attendance pension benefit. This special benefit addresses the needs of Veterans and their Surviving Spouses who have non-service related disabilities and who require assistance with the activities of daily living. Veterans Care USA staff will answer your questions and then, if needed, guide you to Accredited Agents, Local Elder Law Attorneys, and/or financial Advisors who may assist you.
When contacting Veterans Care USA, please tell them that you have been referred by Visiting Angels of Greater St. Charles. You will not be charged for their services.
Veterans Care USA
1-800-838-3726 ext. 4602
Also, please be aware that Visiting Angels of Greater St. Charles provides a special discounted rate for all veterans, no matter when they served.
Reverse Mortgages
Another potential source of funds is the use of Reverse Mortgages. While this source may not be appropriate for all seniors, it can be a viable option for many. There are many mortgage companies who provide this service. We would advise that you deal with a reputable company that you know. However, we are comfortable with recommending Wells Fargo Reverse Mortgages. We have provided a link to their website that offers information on Reverse Mortgages.
- Wells Fargo Reverse Mortg
- Jill Allyn
- 6140 Mid Rivers Mall Drive
- St. Peters, MO 63304
- (636) 922-9848
- 800-446-9673 ext. 9848
- Jill.e.allyn@wellsfargo.com
Life Insurance or Annuity Proceeds
J.G. Wentworth: The Leading Purchaser of Structured Settlement and Annuity Payments
At J.G. Wentworth, we understand it is hard to wait for future payments from your structured settlement or annuity when you need to Get Cash Now. J.G. Wentworth's knowledgeable staff can help you get the cash you need in a lump sum payment by purchasing all or part of your monthly annuity or structured settlement payments. We’ll work closely with you to create personalized solutions that solve your financing problems. To discover how J.G. Wentworth can help you to Get Cash Now, call 1-866-386-3102 or visit the website. http://www.jgwentworth.com
Insurance & Financial Services
Some long-term care insurance policies will pay for our services. Most of the larger insurance companies have sold these policies for many years but not all policies cover custodial or non-medical living assistance services. You will need to contact your insurance company or your agent to find out. The key words to look for or ask about are: Custodial Care, Companionship Care, Non-Medical In-home Assistance.
If you have questions, know someone interested in long-term care insurance, or need investment help or advice, I can recommend the following:
- James Tennyson (investments)
- AXA Advisors
- (314) 889-0542
- James.tennyson@axa-advisors.com
- www.axa-advisors.com
- Ronald South (insurance and investments)
- National Benefits Group
- (636) 922-4617
- ron@nbginsurance.com
- www.NBGInsurance.com