Veterans Aid & Attendance (also known as VA Pension) is Veterans Administration program that provides supplemental monthly income to qualifying veterans and their surviving spouses who need aid or assistance with certain daily activities. The veteran may receive this assistance at home or in an assisted living facility.
Currently, some of the rules governing this program are a little loosey-goosey and arbitrary – unlike a similar program provided by Medicaid that pays for nursing home care. In 2015, the VA proposed some rule changes that would make the Aid & Attendance program more like the Medicaid nursing home program. The two biggest differences between the programs is that currently, the VA doesn’t specify a certain dollar amount of allowable assets or impose a penalty if assets are transferred during a specified “look-back period” prior to the application submission.
The VA thought they’d have a final rule ready by April 2017, but it now appears that a final rule won’t be available until sometime this summer.
If you’d like to learn more about this little-known program for veterans who need assistance, give Cindy a call at 941-444-5958.