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VA Aid & Attendance Benefit
 

VA Aid & Attendance Benefit

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Free benefit available to wartime veterans and their surviving spouses to pay for long-term care expenses.

Free benefit available to wartime veterans and their surviving spouses to pay for long-term care expenses.

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    VA Aid & Attendance Benefit VA Aid & Attendance Benefit Presentation Transcript

    • VA Aid & Attendance Benefit www.GoldenShieldFA.com
    • Golden Shield FinancialAdvisors, Inc. is not affiliatedwith the Department of VeteransAffairs (VA) or any othergovernment agency. www.GoldenShieldFA.com
    • VA Aid & Attendance BenefitLong-term care benefit to reimbursecare expenses for veterans who servedduring a wartime, and for their survivingspouses. Qualifications: 1. Military 2. Medical 3. Income 4. Asset www.GoldenShieldFA.com
    • Military:1) 90 days of active duty service2) 1 day during a war period • Did not need to be “In Theater” • Could have been stateside3) Honorable Discharge: • General • Medical www.GoldenShieldFA.com
    • War Periods:• World War II: 12/07/1941 - 12/31/1946• Korean Conflict: 06/27/1950 - 01/31/1955• Vietnam Era: 02/28/1961 - 05/07/1975 * 02/28/1961 – 08/05/1964 for veterans who served “in country” www.GoldenShieldFA.com
    • Medical:Need to be in a protected environment:• Home Care• Assisted Living• Nursing Home• Adult Day Care• Independent Living - with care needs www.GoldenShieldFA.com
    • Income: 105% of income = max. benefit Need to be spendingmajority of income oncare expenses www.GoldenShieldFA.com
    • 2011 Maximum Rates (Tax-Free) Veteran Status Monthly BenefitMarried Veteran $1,949 Single Veteran $1,644Surviving Spouse $1,056 www.GoldenShieldFA.com
    • Assets:How much is too much? It depends. “If a claimant’s assets are sufficiently large that the claimant could live off these assets for a reasonable period of time, deny pension for excessive net worth.” M21-1MR, Part V, Subpart iii, Chapter 1, Section J, Page 1J4 www.GoldenShieldFA.com
    • Honorable Discharge / Separation• Original or certified copy – www.archives.gov www.GoldenShieldFA.com
    • Marriage Certificate• Photocopy acceptable• Available from County Clerk• Married Veterans• Surviving Spouses www.GoldenShieldFA.com
    • Death Certificate of Veteran• Photocopy acceptable• Available from County Clerk• Surviving Spouses• Backup of previous marriages www.GoldenShieldFA.com