VA Aid & Attendance Benefit
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Transcript of VA Aid & Attendance Benefit
www.GoldenShieldFA.com
VA Aid & Attendance Benefit
www.GoldenShieldFA.com
Golden Shield Financial
Advisors, Inc. is not affiliated
with the Department of Veterans
Affairs (VA) or any other
government agency.
www.GoldenShieldFA.com
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. Military2. Medical3. Income4. Asset
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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
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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
Medical:
Need to be in a protected environment:
• Home Care
• Assisted Living
• Nursing Home
• Adult Day Care
• Independent Living
- with care needs
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Income:
� 105% of income = max. benefit
� Need to be spending majority of income on care expenses
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2011 Maximum Rates(Tax-Free)
$1,056Surviving Spouse
$1,644Single Veteran
$1,949Married Veteran
Monthly BenefitVeteran Status
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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
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Honorable Discharge / Separation
• Original or certified copy
– www.archives.gov
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Marriage Certificate
• Photocopy acceptable
• Available from County Clerk
• Married Veterans
• Surviving Spouses
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Death Certificate of Veteran
• Photocopy acceptable
• Available from County Clerk
• Surviving Spouses
• Backup of previous marriages