Planning for the future can be challenging because you can’t be certain about the costs that you will be facing. You don’t know exactly how well your health will hold up or what the health care system will look like in 10 or 20 years. In addition to this there are talks about alterations being made to Medicare and Medicaid. Though there are things that are out of your control, it is important to be proactive about doing what is necessary to gain an understanding of all that is available to you. It would be devastating to learn that you were entitled to a valuable benefit that you never took advantage of because you were simply unaware of it.
With this in mind we would like to draw your attention to an often overlooked military benefit called the Veterans Aid and Attendance pension. If you are a qualified single veteran who needs assistance with your day-to-day living needs you may be eligible for as much as $1632 per month to help you address these costs. A couple who is qualified may receive up to $1949 each month, and a surviving spouse may be qualified for a monthly payment that can reach $1055.
The main reason why many people don’t know that they are qualified is because the length of service eligibility requirements are so modest. To be qualified one must have served on active duty for at least 90 days with a minimum of one of these days taking place during a time of war. Because this benefit is intended to assist veterans who have financial need, those who have assets exceeding $80,000 do not qualify. However, your home and your vehicles do not count toward this upper threshold limit.
To obtain more detailed information and the specific application forms that are necessary, get in touch with the United States Veterans Benefits Administration either online, in person, or over the phone.