Criteria for the Aid and Attendance Pension

shutterstock_250524325Veterans and their spouses may be eligible for the Aid and Attendance Benefit to help pay for long term care. This benefit can be a tremendous help for those struggling with the high costs of long term care. For 2015, the pension program will provide a maximum of $1,788 per month to a single veteran, $2,120 to a married veteran and $1,149 to the surviving spouse of a veteran. There are four major requirements that must be satisfied in order for veterans and their spouses to be eligible for this program.  [Read more…]

Strict New Rules Proposed for Veteran’s Benefits

The Veteran’s pension program provides financial assistance to wartime veterans or their spouses who need assistance with activities of daily living such as eating and bathing. This benefit is at risk due to a new rule proposed by the Veteran’s Administration. According to a Forbes article titled “VA Proposed Rule Is An Attack On Veterans And Their Families”, the new rule will impose a 36 month look back period for gifting with up to ten years in penalties. There is also a more strict definition of what actually qualifies as a medical expense.

The new gifting laws are quite strict. In addition to a penalty period of up to ten years, all gifts are assumed to have been made in order to qualify for benefits including gifts to a church or a grandchild.  [Read more…]

Veteran’s Pension for 2015

shutterstock_250524325As we have discussed in previous blog posts, one of the best kept secrets of the Department of Veterans Affairs is the veterans pension for a non-service connected disability.  This benefit – a pension program – does not require a wartime injury.  It is available to veterans and their spouses provided the veteran is disabled, served for no less than 90 days with at least one day during wartime and was honorably discharged.  This pension benefit can be a tremendous blessing for those disabled veterans who are facing the burden of paying for assisted living, nursing home or in-home care.  [Read more…]

Veterans Pension for 2014

As we have discussed in previous newsletters, one of the best kept secrets of the Department of Veterans Affairs is the veterans pension for a non-service connected disability.  This benefit – a pension program – does not require a wartime injury.  It is available to veterans and their spouses provided the veteran is disabled, served for no less than 90 days with at least 1 day during wartime and was honorably discharged.  This pension benefit can be a tremendous blessing for those disabled veterans who are facing the burden of paying for assisted living, nursing home or in-home care.  [Read more…]