The U.S. Department of Veteran’s Affairs grants valuable benefits to veterans, in addition to their pensions. One significant program applicable to long-term care is the Aid & Attendance program. This program is available for veterans and their surviving spouses to help with long term care expenses. There are eligibility requirements. The benefits supplement your current pension. The Aid & Assistance program is one that many veterans and their surviving spouses do not fully utilize to help with the significant costs associated with long-term care.
The VA Improved Pension programs include the (1) Basic Service Pension, (2) Home-Bound Status, and the (3) Aid and Attendance program. To qualify for Aid and Attendance, a veteran must meet several requirements.
1. Wartime Service Test
The program is only eligible for honorably discharged veterans who served in active duty during a wartime period.
2. Disability Status
The veteran or their surviving spouse must be considered permanently and totally disabled yb an physician, and in need of the aid and attendance of another person on a regular basis to perform basic daily activities. If you reside in an assisted living facility or nursing home you are presumed to qualify.
3. Income Test
The veteran or surviving spouse is expected to share int he cost of the long-term care. Thus, the countable income must be below certain limits. Many expenses are able to reduce the countable income.
4. Net Worth Test
The VA will consider the net worth of the veteran and spouses. The VA will usually deny or delay the application if the net worth is more than $30,000 for WWII and Korean era veterans. The home and one vehicle are not included in this net worth. You can restructure your estate to reduce net worth. A VA eligibility trust can achieve this goal.
Our firm will work in conjunction with a Veteran Service Officer (VSO) to help you qualify for an Improved Pension.
Contact Us to begin the process today.