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V.A. Aid & Attendance News

6-20-2016 - We have heard from a variety of sources that the Veterans Administration has pushed back the date it will establish a look-back for period for applications for Pension, and Pension with Aid and Attendance. The unverified beginning date is now December 2016 (it had been July 2016) - but there has been no official word from the Veterans Administration at the time of this writing.

Pension, and Pension with Aid and Attendance benefits are available for certain elderly and disabled veterans and their widows to help defray the cost of umreimnbursed medical expenses, including at-home care, nursing home care, or assisted living. To qualify for benefits, an applicant may not have more than $80,000 in assets at the time of application. However, the V.A. does not penalize applicants who have made uncompensated transfers or transfers for less than fair market value prior to application. That will change when the V.A. look-back period goes into effect, when applicants who have made such transfers during the look-back will face a penalty period, based on the total dollar amount of such transfers. During the penalty period an applicant will not be eligible for Pension, and Pension with Aid and Attendance.

At present we still do not know what the length of the look-back will be. Some expect it will mirror the five-year look-back currently used by Florida Medicaid  for evaluating eligibility for long-term care benefits. Others anticipate it will be only three years.

Regardless of the length of the look-back, anyone interested in applying for V.A. Pension, and Pension with Aid and Attendance benefits is well-advised to begin the application process now, before the look-back period goes into effect. Applying now could save your familiy thousands of dollars. Contact The Karp Law Firm for assistance

To stay up to date on the latest V.A. news with regard to this topic, check this website and/or:

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