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V.A. Aid and Attendance
MSNBC / Brian
Williams Video
click here
Of all
entitlements, the Special Monthly Pension with Aid and
Attendance is by far our government's best kept secret.
(Over 23 million Vets who could qualify, less than
150,000 actually receive this pension) This program
is to help pay for the assistance of an individual with
one or more activities of daily living like bathing,
dressing, toileting, driving to the doctor or needing
help out of bed among other necessities. To qualify for
this pension, Veterans must be disabled, or age 65,
served 90 days in active service with at least 1 day
during a declared time of war. (WW 2, Korean,
Viet
Nam and the Gulf War)
Total
asset and Income Qualifications
(No look back
like Medicaid's 60 months)
It is not how
much income you have coming in, its how much you have
going out for un-reimbursed medical expenses such as
Medicare / Medicare supplement premiums, drug co pays,
doctor visit deductibles, over the counter supplies and
over the counter medications. In addition, the actual
cost of home health care, assisted living, or nursing
homes plus any other out of pocket medically related
expenses are used to arrive at a net income figure.
How much
can one receive?
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Single
Veteran up to $1,644 a month or $19,728 per year |
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Married
couple up to $1,949 a month or $23,388 per year |
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Surviving
spouse up to $1,056 per month or $12,672 per year |
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Married
non-veteran spouse up to $1291 per month or $15,492
per year |
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Married
veterans up to $2,582 per month or $30,984 per year
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This money
is tax free and does not affect social security
benefits |
For the
surviving spouse, this is equivalent to having $500,000
in the bank earning a 3% return, equaling $15,000 per
year or $12,672 tax free.
Eligibility
must be proven by filing the proper Veterans Administration (Form
21-534 surviving spouse) (Form
21-526 Veteran) Accompanying the completed
form: a copy of the DD-214, medical evaluation from a
physician, current medical issues with out-of-pocket
medical expenses along with net worth limitations and
net income.
For more
information about the V.A. Aid and Attendance pension
for wartime Vets just contact the Veterans Service
Officer in your county or go to the VA website:
www.va.gov
Top Reason for
denial of benefits
| Benefits
calculations for surviving spouse |
| |
| Social
security and pension income
$21,000 |
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Investment income from 280,000 assets
$8,000 |
| Total
Income
$29,000 |
| |
| Part B
Medicare and Supplement
-$2,300 |
| Cost of
assisted
living
-$24,400 |
| Total
un-reimbursed medical expenses -$26,700 |
| |
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Calculation: $29,000 – ($2,300 + $24,400) =
$2,300 Net Income. |
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BENEFITS DENIED because of positive income. |
By repositioning
the $280,000 of investment income, there's just the
social security income of $21,000 creating a net income
result of -$5,700
| Social
security and pension income
$21,000 |
| |
| Part B
Medicare and Supplement -$2,300 |
| Cost of
assisted
living
-$24,400 |
| Total
un-reimbursed medical expenses -$26,700
|
| |
|
Calculation: $21,000 – ($2,300 + $24,400) =
-$5,700 Net Income. |
Benefits
Approved,
simply by repositioning the $280,000 of investment
income into a Family Limited Partnership and/or a fixed
interest annuity qualifies the surviving spouse with up
to $1,056 (tax free) to assist in expenses each
month.
Medicare
Danke Schoen
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