October 16, 2021

U.S. Veterans

U.S.A Veterans News, Support & Information

VA Pensions

3 min read

Veterans Tip of the Week – VA Pensions
Important for the Older Veterans in our Lives

This little known and often misunderstood earned VA benefit is a last line financial safety net for older, low-income veterans.

Essentially how it works is that Congress establishes an annual income limit and eligible veterans making below that limit in “Countable Income” are plus’ed up to the annual limit through 12 payments throughout the year.

The amount for 2019 is $13,535 for a single veteran and $17,061 for a veteran and dependent (usually a spouse). Countable income is the adjusted income after subtracting all un-reimbursed medical expenses. So, as a made up example, if a veteran makes a based income of say $25000 annually, but pays $15000 in nursing home expenses, their countable income would be $10000. Since this is below the annual amount set for a VA pension of $13,535, the VA would pay the veteran $3,535 annually to make up the difference. In this example that’s an additional $294.50 each month, tax free that goes directly to the veteran. If the countable income is above $13,535, the veteran would not be eligible for the program. A countable income of $0 is possible, and the VA would make up the full amount.

The other part of the means test for this program requires veterans to not have total assets above $127,061 (no idea where they got this number from). So this would be savings, retirements accounts, dividends, annuities, and countable income combined.

To be eligible for the program, a veteran also needs to have served at lead 90 days active duty, with at least one day during a “wartime period.” So for most veterans this would be Vietnam, Korea or WWII. And be one of the following:
• Age 65 or older, OR
• Totally and permanently disabled, OR
• Patient in nursing home receiving skilled nursing care, OR
• Receiving Social Security Disability Insurance, OR
• Receiving Supplemental Security Income
Medical expenses burn through assets and income like nobody’s business. So this earned benefit would apply to many of the older veterans in our lives. Here are some links to learn about the program.
Or go to a great overview here: https://www.veteransaidbenefit.org/veterans_aid_attendance_…
This includes a discussion of the Aid and Attendance Special Pension which is an add on benefit to the VA Pension.

As always, please feel free to PM me if you have questions regarding you VA Benefits. If I don’t know the answer, we will find it together. #gogetrated

This, and all of my videos are hung on my veterans support YouTube Channel: Veterans Advice Hub (https://www.youtube.com/c/veteransadvicehub)– Please Like and Subscribe – 30+ Videos posted and more to come!

Veterans and Activities

2 min read

https://www.youtube.com/watch?v=MyukVJHDTeg Want to know how much free time you might have when you are in the Army? Let me break that down. This video is...

3 min read

https://www.youtube.com/watch?v=2txU2nitdEc This is my live show that I do to just hang out with you amazing people, answer your questions about the US Army and...

3 min read

https://www.youtube.com/watch?v=BuyRx4bWNiM This is a C-Ram and it can shoot down enemy rockets and projectiles. The navy has these on ships but the Army will have...

2 min read

https://www.youtube.com/watch?v=6xk2BGu9U60 Are you joining the US Army and want to know where you will be going for Army basic training? There are a few ways...

2 min read

https://www.youtube.com/watch?v=yQXDSgc3tbI This is my live show that I do to just hang out with you amazing people, answer your questions about the US Army and...

3 min read

https://www.youtube.com/watch?v=EpL3tbfR430 This is why civilians have to stay away from a US convoy when the US Army is in a combat zone. Not sure where...

Leave a Reply