AN INTRODUCTION TO:
NON-SERVICE CONNECTION DISABILITY PENSION
veterans aid
veterans aid
In 1952 the United States Congress passed legislation authorizing benefits for Veterans and/or their eligible dependents. Today, through Title 38 of the United States Code, the Department of Veterans Affairs provides financial assistance to veterans with Compensation for service-related disability and pension for non-service related disability.
Specifically, the New and Improved Pension was established to assist qualified veterans and/or their eligible dependents with a tax free benefit to help with long-term care. This benefit has two components: Housebound and Aid & Attendance Benefit. These benefits can help veterans and/or their dependents with At-Home, Assisted Living, or Nursing Home care expenses.
The VA Pension Program for 2022 is funded at nearly $5 billion.
SO WHAT DOES THIS MEAN TO YOU?
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You may be eligible for significant financial assistance to help with care-related costs
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This pension is paid directly to you by the U.S. Treasury Department
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The benefit is tax free and typically increases each year
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You must meet the eligibility requirements an apply for the pension in order to be considered by the VA
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The benefit applies to eligible veterans and their dependents
2022 MAXIMUM MONTHLY BENEFIT AMOUNTS
Surviving Spouse - $1,318 Monthly / $15,816 Annually
Single Veteran - $2,050 Monthly / $24,600 Annually
Married Veteran - $2,431 Monthly / $29,172 Annually
Two Vets Married - $3,253 Monthly / $39,036 Annually
BASIC ELIGIBILITY REQUIREMENTS
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Must be at least 65 years old
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Must have an Honorable or General Discharge
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Must have served at least 90 days of active Federal duty with at leas one day during a period of conflict
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Must have a medical necessity requiring care
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Must meet income and countable asset criteria established by the VA*
*For more details or clarification of the Eligibility Requirements please contact us*