Wednesday, June 20, 2012

Aid and Attendance Pension Update

You may have noticed at the top of my blog that I have "Pass it On!" as one of my stand alone pages. This subject is near and dear to my heart since it affects my father-in-law. When he entered the VA Nursing Home at Fayetteville last year, the benefits counselor told us he was eligible for the Aid and Attendance Pension in addition to his pension he receives for his 20 year service in the Air Force. For those of you that are facing this hurdle with loved ones, this information will be invaluable. With average nursing home costs from $4,000 to $8,000 per month, it depletes a lifetime of savings in no time.


I saw in the paper this week that Congress is now considering a change to the pension. They are thinking of doing away with the clause that allows "no look-back period." They think the program should mirror Medicaid's 5 year look-back on gifting, meaning you must gift your money a full 5 years before you need nursing home care. 


The pension is available to any veteran (and their spouse) who has served at least 90 days during a period of war. The pension provides $1600-$1900 monthly that can be used for home care, assisted living or nursing care. There are guidelines, one being they must have no more than $80,000 in assets, excluding their home and cars.This VA benefit isn't new, but many never know of it's existence. It's actually been an entitlement for 60 years to veterans and their surviving spouses. Please pass this along to anyone you know that's facing these hard times. Read more about the Aid and Attendance Pension. Call or visit your Veterans Aid Benefits office for more information or an appointment.







6 comments:

  1. This is important info. I do not have anyone that it would apply to but thanks for sharing it for those that do.

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    1. The look back period will effectively eliminate many from ever receiving this pension. With today's costs, that would mean $4300 per month over 5 years= $258,000 in care before the pension would start.

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  2. Glad you passed it on just in case someone is eligible, Joy!...:)JP

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    1. The troubling thing about this all is that this pension has been in effect for over 60 years for veterans, and it was unknown to most until recently.

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  3. Great information to have available!

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    1. Hope it helps someone, it would have been a great help to my Dad, brother and uncles IF they had known about it.

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