Everyone deserves to be cared for during their golden years, and that applies even more to our veterans. After years of service, veterans should receive the care they need from the country they served. VA benefits can go a long way towards paying for long-term care, whether that care is at home or in an assisted living facility.
VA benefits are for veterans and their families, and monthly amounts can range from $1,209 a month for surviving spouses to $2,230 a month for wartime veterans and their healthy spouses. Unfortunately, accessing this tax-free money isn’t as easy as it seems, due to specific eligibility criteria.
Friedman Elder Law Department understands that the process of applying for and accessing these benefits is difficult. Read on to learn more about the rules and see if you qualify.
Pension Benefit Requirements
According to the U.S. Department of Veterans Affairs, supplemental income is available on a tax-free basis to veterans and their families. Veterans who wish to receive these benefits must have served at least 90 days of active duty and at least one day during a wartime period. After meeting these and a few other service requirements, benefit recipients must also be:
In addition to the basic pension you receive as a veteran, you may also qualify for an extra amount in your pension for being housebound or requiring the Aid & Attendance (A&A) allowance. If you are limited to your premises due to a permanent disability, you may qualify for an added benefit. If you require the aid of another person for daily functions, if you are bedridden, if you must be in a nursing home due to being incapacitated, or if your eyesight is limited to a specific degree, you may qualify for an amount added to your pension.
In addition to the criteria mentioned above, certain income and asset requirements must be met to qualify for these benefits, one of which is that you may not have more than a total of $127,061 in net worth. (Certain exclusions apply to your net worth.) We can help you determine your eligibility by using a means test: your gross monthly household income minus unreimbursed medical expenses, which equals your income for VA purposes (IVAP).
In order for the veteran or their surviving spouse to receive the maximum annual pension amount (MAPR), their gross monthly household income should be outweighed by their unreimbursed medical expenses.
Get the Benefits You Deserve
Understanding the criteria for these benefits is difficult, but Friedman Elder Law Department can help you figure out how to qualify. We care for veterans in Coral Springs, FL and beyond, and we know the ins and outs of veteran benefits. We can help you understand and meet all the requirements for receiving the VA benefits you rightfully deserve. Call us today to schedule a consultation.