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.
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VA Aid & Attendance Benefit
- 1. VA Aid & Attendance Benefit www.GoldenShieldFA.com
- 2. Golden Shield Financial Advisors, Inc. is not affiliated with the Department of Veterans Affairs (VA) or any other government agency. www.GoldenShieldFA.com
- 3. VA Aid & Attendance Benefit Long-term care benefit to reimburse care expenses for veterans who served during a wartime, and for their surviving spouses. Qualifications: 1. Military 2. Medical 3. Income 4. Asset www.GoldenShieldFA.com
- 4. Military: 1) 90 days of active duty service 2) 1 day during a war period • Did not need to be “In Theater” • Could have been stateside 3) Honorable Discharge: • General • Medical www.GoldenShieldFA.com
- 5. 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
- 6. 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
- 7. Income: 105% of income = max. benefit Need to be spending majority of income on care expenses www.GoldenShieldFA.com
- 8. 2011 Maximum Rates (Tax-Free) Veteran Status Monthly Benefit Married Veteran $1,949 Single Veteran $1,644 Surviving Spouse $1,056 www.GoldenShieldFA.com
- 9. 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
- 10. Honorable Discharge / Separation • Original or certified copy – www.archives.gov www.GoldenShieldFA.com
- 11. Marriage Certificate • Photocopy acceptable • Available from County Clerk • Married Veterans • Surviving Spouses www.GoldenShieldFA.com
- 12. Death Certificate of Veteran • Photocopy acceptable • Available from County Clerk • Surviving Spouses • Backup of previous marriages www.GoldenShieldFA.com