Veterans’ Benefits

There are a number of benefits programs offered through the Department of Veterans Affairs (VA), including but not limited to: assistance in purchasing a home or paying for higher education, financial compensation awards for veterans with service-connected disabilities, and burial benefits. There is also a little-known benefit called Aid & Attendance Pension for Wartime Veterans (and their spouses or dependents). The Aid & Attendance Pension is a monthly award paid to a veteran (or their spouse or dependent(s)), if the veteran served at least 90 consecutive days of active duty, at least one day of which was during a recognized “wartime period”. Like Medicaid, the Aid & Attendance pension has certain eligibility requirements related to the applicant’s medical needs and their income and assets; however, the rules for the Aid & Attendance benefit are currently very different from the rules for Medicaid benefits, and individuals must carefully consider both benefits when planning in this regard. This benefit can help offset the costs associated with assisted-living facilities, home health care attendants, a nursing home stay, and prescriptions. Applicants for the Aid & Attendance Pension do not have to have a service-connected disability to qualify. Benefits are tax-free, and can range from $600 per month to just over $2,000 per month, depending upon the applicant’s need and benefits classification.