Many older veterans are unaware that they can qualify for financial help in paying for the cost of home care. Most veterans complete their military service and move on with their lives without looking to the VA for help. But VA pension benefits can become important for these veterans later in life. To qualify for VA pension the veteran must be 65 or older, or permanently disabled for reasons not related to military service. In addition, the veteran must have low income and only modest new worth. The veteran must have had 90 days of military service that included at least one day during a period of war. To receive a pension, the veteran’s income must be below the maximum annual pension rate set by the government. Because medical expenses reduce countable income, an aging veteran who needs ongoing long-term care services and supports may now be able to qualify for financial assistance from the VA, says Anné Desormier-Cartwright, of Elder and Estate Planning Attorneys PA. The extra funds can make all the difference in allowing the veteran to get the support needed to remain at home. Elder and Estate Planning Attorneys PA is a law office small enough to provide personal service but large enough to handle all of your state and planning needs.
Tag: VA pension
You’ve served your country, protected our freedom, and now it’s time for you to obtain your VA pension. The veteran’s pension is a tax-free monetary benefit payable to low-income, war-time veterans. But it is not always easy to collect. “Generally, a veteran must have at least 90 days “of active duty service, with at least one day during a “wartime period to qualify for a VA pension. “There are stringent asset and income tests “that restrict eligibility “to a limited group of qualified individuals.” Says Anne Desormier-Cartwright of Elder and Estate Planning Attorneys PA. In addition to meeting minimum service requirements, the veteran must be age 65 or older, or totally and permanently disabled, or a patient at a nursing home receiving skilled nursing care, or receiving Social Security Disability Insurance, or receiving Supplemental Security Income. A successful VA pension claim depends on the inclusion of the right VA forms, as well as their correct completion. The guidance of an experienced Elder Law Attorney can be invaluable while you’re navigating long-term care benefits from the VA. Elder and Estate Planning Attorneys PA is a law office small enough to provide personal service, but large enough to handle all of your estate and planning needs.