Wednesday, March 3, 2010

Veteran's Aid & Attendance-Vets, Do You Qualify?

To: Our War Heroes and Families:

In an effort to help “deserved veterans and families” understand the following language used by the VA‘s “Aid and Attendance“, we have provided the attached packet. Most Vets are totally unaware of the benefits or “real life impact” if they become ill.

The main part of Aid and Attendance we are talking about speaks to older vets with nagging health concerns and is unlike the portion providing compensation for “in service injuries“ that occurred many years ago. Qualifying for this “Medical Pension” is based on the veteran’s financial picture including household income, as well as assets. It is a monthly income for disabled or older veterans that have “low income” ( after medical expenses).

It is very important to understand that when determining eligibility, the claimant’s income can be adjusted for un-reimbursed medical expenses. If the veteran’s net income after un-reimbursed medical expenses exceeds the Pension ($23,396 down to $19,736) amount, then there is no award.

Think of future events and financial health.. there could be many situations that could result in sizable out of pockets expenses that when paid would leave a veteran or a spouse in a position to qualify. Auto accident, a stoke, Alzheimer’s, Parkinson‘s, severe diabetic and many more age related events that would require added assistance at home for optimal living. Thus forcing unintended expenses. ($4,000/mo. income-$2100 expenses=$1900/$22,800/yr)

I always advise for families to “plan for the worst and hope for the best”. That way financial worry goes away. You can only win when planning for a “debilitating” situation. Your spouses future may be hanging with a decision to “position” yourself to be safe. Planning, doesn’t cost a penny!

Sincerely,

Robert A. Layman III ( Not a employee of the VA)
onebuckeyefl@gmail.com
727-692-9954