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VA Improved Pension


The VA Improved Pension was established to provide financial assistance to Veterans and their spouses to pay for their long term care costs. If you have questions, we would welcome the opportunity to speak with you. Please don't hesitate to call us at 901-843-2760.

QUICK FACTS ABOUT VA BENEFITS

  • Available to veterans
  • Available to veterans’ spouses
  • Earned benefit for veterans’ service
  • Assists with the cost of un-reimbursed medical expenses such as in-home care and assisted living
  • Not dependent upon service related disability
  • Benefits are tax free!
  • Three types of VA Improved Pension:
    (1) Low Income Basic; (2) Housebound; and (3) Aid and Attendance

HOW TO QUALIFY

  • Veteran must have served at least 90 days of active duty, with at least one day of wartime service
  • Veteran received better than dishonorable discharge
  • Claimant is over age 65 or permanently or totally disabled
  • Claimant’s income meets certain limits
  • Claimant’s assets meet certain limits

MAXIMUM VA PENSION AMOUNTS (2017)

The VA Improved Pension can significantly improve the quality of life for veterans and their surviving spouses. 

Housebound Benefits (At Home)

  • Single veteran $1,314 monthly $15,773 annually
  • Married veteran $1,647 monthly $19,770 annually
  • Widow(er) $881 monthly $10,580 annually 

Aid & Attendance (At Facility)

  • Single veteran $1,794 monthly $21,531 annually
  • Married veteran $2,127 monthly $25,525 annually
  • Widow(er) $1,153 monthly $13,836 annually
  • Calculated over a five (5) year period, the VA Aid and Attendance Improved Pension would pay a veteran with one dependent such as a spouse more than $125,000!

BASIC PERIODS OF WAR FOR VA BENEFITS ELIGIBILITY

  • WWII: 12/07/1941 through 12/31/1946 (may include service through 7/26/1947)
  • Korean Conflict: 6/27/1950 through 1/31/1955
  • Vietnam Era: 8/05/1964 through 5/07/1975 (may include service beginning 2/28/1961)

EXPERIENCED ELDER LAW ATTORNEYS AND ACCREDITED VA ATTORNEYS

  • Are legally obligated to act in the best interests of the client
  • Must be knowledgeable of IRS rules and regulations regarding tax qualified assets
  • Must be knowledgeable of trust laws and what trusts are available for VA and Medicaid
  • Must be knowledgeable of Medicaid rules and regulations
  • Must be knowledgeable of estate and gift tax consequences of transferring assets
  • Must be knowledgeable of probate laws and court procedures
  • Must be knowledgeable of incapacity planning with powers of attorney and conservatorships
  • Can structure assets to qualify for VA benefits
  • Can structure income to qualify for VA benefits
  • Can maximize use of VA and Medicaid benefits