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.