Vetrans Can Have Home Care Coverage - VA Aid and Attention Pension Benefits

Did you know that as a veteran you may be eligible for additional benefits if you need a caregiver at home and you have financial need?  The Veterans Administration Aid and Attendance program provides an additional monthly benefit to Veterans and surviving spouse who need a caregiver to help them with things such as eating, bathing, dressing.  This care can take place at home or in a nursing home or assisted living facility. Per the "The A&A Pension can provide up to $1,632 per month to a veteran, $1,055 per month to a surviving spouse, or $1,949 per month to a couple."

The question of course is "How do I qualify for these benefits?".  My colleague Don Vanarelli this week posts on his blog "What Is The Resource Limit For Applicants Seeking VA Aid and Attendance Pension Benefits?"  In it, he notes that the VA Aid and Attendance Pension is a needs based benefit.  However, there is no clear formula to determine needs:

The VA considers an applicant’s income and resources (called the allowable “net worth” of the applicant), among other factors. However, there is no formula published by the VA used to determine the applicant’s allowable net worth. The factors considered in any net worth analysis include the total household assets, total household gross income, total household unreimbursed medical expenses, and the life expectancy of the applicant. Simply stated, this means that the older the applicant, the fewer total resources he or she can own.

Don points us to the The VA Claims Adjudication Manual M21-1MR for more information on evaluating net worth, with particular reference to M21-1MR, Part V, Subpart iii, chapter 1, section J.