ElderLawLexington - McClelland & Associates, PLLC, works with veterans to get them the veterans’ pension that they deserve. The Veterans Administration helps veterans and their families cope with financial challenges by providing supplemental income through the Veterans Pension benefit. Veterans’ pension is a tax-free monetary benefit payable to low-income wartime veterans.
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:
If a person entered active duty after September 7, 1980, they must have served at least 90 consecutive days or the full period for which they were called to active duty with at least one day during a wartime period. There are some exceptions to this rule. In addition to meeting minimum service requirements, the veteran must be:
The improved VA pension program pays veterans a monthly amount based on disabilities that are non-service related. There are three improved pensions:
A veteran’s yearly income must be less than the amount set by Congress to qualify for the veterans pension benefit. Veterans or surviving spouses who are eligible for VA pension and are housebound or require the aid and attendance of another person may be eligible for additional monetary payment. Veterans pension benefits provide a monthly cash benefit to wartime veterans or the surviving spouses of a wartime veteran who meet financial and medical criteria.
ElderLawLexington specializes in veterans’ pension planning, often referred to as "Aid and Attendance,” which is a growing area. The Department of Veterans Affairs provides Aid and Attendance benefits to veterans and surviving spouses who need help with everyday activities. Widowed surviving spouses who have not remarried are eligible for this benefit. Aid and Attendance pension benefit is a cash benefit that is paid out monthly for the rest of the veteran’s or surviving spouse’s life. Consult a VA accredited attorney at ElderLawLexington when looking to apply for this benefit. Qualifying for the VA Aid and Attendance benefit can be challenging. There is an array of service, income and asset requirements that must be met before the benefit can be obtained. The Aid and Attendance benefit also requires a qualifying veteran or their surviving spouse to be paying for long-term care expenses that are unreimbursed by health insurance, Medicare or long-term care insurance.
VA Aid and Attendance benefit is based on a person’s assets and income. To qualify for this VA Aid and Attendance benefit, there is an income/asset threshold that must be met. This threshold is calculated by taking your income and deducting your medical expenses. When a person’s income and assets exceed the threshold, we can help clients preserve their assets and still qualify for VA benefit. The veteran must meet all of the following requirements:
ElderLawLexington | McClelland & Associates, PLLC, helps clients understand the eligibility requirements for the different types of VA pension benefits and helps them decide on when to apply for those benefits. To schedule an appointment to discuss veterans pensions, contact Elder Law Lexington at www.ElderLawLexington.com or call (859) 543-0061.