Veteran's Benefits Explained
In addition to the pensions and benefits to which you may be entitled because of both public and private employment, you may also be eligible for certain benefits based on your military service. T... more.
If you are a wartime veteran with a limited income and you are no longer able to work, you may qualify for a Veterans Disability Pension or the Veterans Pension for Veterans 65 or older.
The following is a summary of Veteran's Pensions:
Many veterans of wartime service are completely unaware of the fact that if they are 65 or older and on a limited income they may qualify for a VA Pension without being disabled.
| 2012 Family Income Limits (Effective Dec 1, 2012) | |
| If you are a... | Your yearly income must be less than... * |
| Veteran with no dependents | $12,256** |
| Veteran with a spouse or a child | $16,051*** |
| Housebound veteran with no dependents | $14,978 |
| Housebound veteran with one dependent | $18,773 |
| Veteran who needs aid and attendance and you have no dependents | $20,447 |
| Veteran who needs aid and attendance (A/A) and you have one dependent | $24,239 |
| Two Vets Married to Each Other | $16,051 |
| Add for Early War Veteran (Mexican Border Period or WW1) to any category above | $2,783 |
| Add for Each Additional Child to any category above | $2,093 |
|
* Some income is not counted toward the yearly limit (for example, welfare benefits, some wages earned by dependent children, and Supplemental Security Income. It's also important to note that your medical related expenses are considered when determining your yearly family income. |
|
VA pays you the difference between your countable family income and the yearly income limit which describes your situation (see chart above). This difference is generally paid in 12 equal monthly payments rounded down to the nearest dollar. Call the toll-free number below for details.
Joe (a single veteran) has an annual income of $5,000. His annual income limit is $12,256. To determine Joe's Pension subtract his annual income of $5000 from the $12,256 income limit which gives him an annual pension rate of $7,256. This translates into a monthly pension check of approximately $605.
Aid and Attendance (A&A) is a benefit paid in addition this benefit may not be paid without eligibility to pension. A veteran may be eligible for A&A when:
Housebound is paid in addition to monthly pension. Like A&A, Housebound benefits may not be paid without eligibility to pension. A veteran may be eligible for Housebound benefits when:
A veteran cannot receive both Aid and Attendance and Housebound benefits at the same time.
How to Apply for Aid and Attendance and Housebound:
You can apply by filling out VA Form 21-526, Veteran's Application for Compensation Or Pension. If available, attach copies of dependency records (marriage & children's birth certificates) and current medical evidence (doctor & hospital reports).
You can also apply on line through the VONAPP website.
For More Information Call Toll-Free 1-800-827-1000.
In addition to the pensions and benefits to which you may be entitled because of both public and private employment, you may also be eligible for certain benefits based on your military service. T... more.