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October 8, 2024

Increased Awareness of VA Financial Programs Can Increase Length of Stay

Jason McCloud | Senior Living Minute: Increased Awareness of VA Financial Programs Can Increase Length of Stay

Most veterans in senior living aren’t using the benefits they qualify for.

In this Senior Living Minute, Jason McCloud reveals that 87% of veterans and spouses in senior living are missing out on VA Aid & Attendance benefits.

Learn how educating families about financial programs can increase affordability and extend resident stays.

Guest: Jason McCloud | Join the Discussion on LinkedIn! 💬

Transcript: Increased Awareness of VA Financial Programs Can Increase Length of Stay

We’re seeing occupancy stabilize in many markets, but resident retention remains a key challenge.

Two of the biggest reasons residents move out are:

  1. Financial constraints
  2. Health and wellness issues

One major financial resource that’s often overlooked is the VA Aid and Attendance benefit.

Only 13% of veterans and their spouses in senior living communities are actually utilizing this financial assistance—meaning 700,000 eligible residents are missing out.

Educating families about available financial programs can help residents stay longer and receive the care they need.