VA Benefits

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Learn how you could receive up to $2,120 per month from the Veterans Administration          (Tax free)

We help veterans’ families in Louisiana understand long term care benefits from the Department of Veterans Affairs (VA).

Most Louisiana veterans are not aware of the eldercare benefits available through veterans health care or for two disability income programs called Compensation and Pension.  One particular program called Veterans Pension or more commonly known as the “Veterans Aid & Attendance Benefit,” can provide money to pay for home care for veterans. Aid and attendance can also be used to pay for assisted living for a veteran or the veteran’s surviving spouse and for nursing home care for a veteran or the veteran’s surviving spouse.

VA’s Aid and Attendance Benefit

Below is a clip from NBC Nightly News which aired February 23, 2007.  Please watch the short video for more information about VA’s Aid and Attendance Benefit.

New 2016 Veterans Administration Pension with Aid and Attendance Benefit Amounts are:

        -Veterans with a dependent: $2,120

        -Single Veterans: $1,788

        -Surviving Spouses of Veterans: $1,149

#1)  To qualify for these pensions you must be a war-time veteran or the surviving spouse of a veteran who served a minimum of 90 days of active duty service, and at least one of those day must have been during period of war declared by law or presidential proclamation. Please note that the veteran in most war eras did not have to be in country where the war was progressing, they could have been stationed stateside as support, as long as they were on active duty orders for at least one day.  The war time are listed below please check to see if you could qualify.

     -World War II:  12/7/1941 – 12/31/1946

     -Korean Conflict:  6/27/1950 – 1/31/1955

     -Vietnam Era:  2/28/1961 – 8/05/1964  (must have served “in country”)

     -Vietnam Era:  8/06/1964 – 5/07/1975  (active duty only)

     -Gulf War:  8/02/1990  (thru a date to be set by law or presidential proclamation)

#2)  The veteran must have a discharge that was characterized as anything other than “Dishonorable”. (i.e: Honorable, Medical, General)

#3)  The applicant, whether he/she is the veteran or the surviving spouse, must have activities of daily living (ADL’s) that they require assistance with from another person.  If you are living at home that person could be a child or a third party sitter service.  If you are in an assisted living facility or nursing home the facility staff assistance is sufficient.

#4)  As for the asset rules on qualifying for this VA benefits, there is an unwritten rule. A single individual  65 years old may have assets up to $40,000 while a couple may have up to $80,000 in assets excluding the home they live in, one car, and pre-funded burial arrangements.  But if your age is greater than 65 or you have assets greater than the above amounts, planning is required.  If you are trying to qualify for this benefit on your own and make mistakes, it could be a very costly process as the VA application processing time frame ranges from 6 months up to one year.  For those of you familiar with the military, there is a saying “Hurry up and wait”.  Just think, after 9 months of waiting you finally get your VA response letter only to find out you have been declined for the benefit.  All of that time and money could have been protected by simply planning ahead and working with a knowledgeable professional to help reposition your assets to ensure that you get the maximum benefit as well as retroactive payment from the application date.

#5)  As for the rules on income, there are no set limits.  The minimum requirement is that your medical expenses must exceed your monthly income to qualify for the maximum pension available.  You may read this statement and say to yourself “I guess I don’t qualify”; you are probably wrong.  Give us a call.  We can quickly assess your situation and let you know if you might qualify for this wonderful benefit.  This benefit is available to wartime veterans while living or the veteran’s spouse even after the veteran has passed away.

There is a lot of value to completing a proper estate plan.  You do not have to lose a lifetime of hard work to a catastrophic illness.  We can help. Give us a call; the consultations are free.  Our team has over forty years of financial experience and have been helping families achieve financial security for the last fifteen years. If you or your family would like to know more about these benefits, please contact us at 318-855-4690 or toll free at 866-323-4125. The assessment is FREE! 

Disclaimer:  Please note that no fees may be assessed for Veterans Application assistance or processing, but financial planning may be required to establish eligibility and it is allowable for fees to be charged for planning and consultation services.  For more information on this topic print the Department of Veterans Affairs Guide to Pension Benefits below.

VA Pension Program Guide