Hey y'all, quick question.. I just received 100% P&T after a random ass "Upper level re-review" of a claim they basically denied last year. Long story short, I've been reading about this "Veteran's Pension" for folks who have net woth (pay and assets) under $138k. Has anyone had any experience with applying for this? Does anyone know what type of supports will be required? I'm thinking at least my last few tax returns and bank statements. I don't own any property so I feel like this would be pretty straight forward but only yall would know! Has anyone seen how long these claims take after all supports are submitted? I appreciate any input yall have! Cheers from the South Sip.
You may be eligible for the Veterans Pension program if you meet these requirements. Both of these must be true:
You didn’t receive a dishonorable discharge, and
Your yearly family income and net worth meet certain limits set by Congress. Your net worth includes all personal property you own (except your house, your car, and most home furnishings), minus any debt you owe. Your net worth includes the net worth of your spouse. Find out about Veterans Pension rates <—Link
And at least one of these must be true about your service:
You started on active duty before September 8, 1980, and you served at least 90 days on active duty with at least 1 day during wartime, or
You started on active duty as an enlisted person after September 7, 1980, and served at least 24 months or the full period for which you were called or ordered to active duty (with some exceptions) with at least 1 day during wartime, or
You were an officer and started on active duty after October 16, 1981, and you hadn’t previously served on active duty for at least 24 months
And at least one of these must be true:
You’re at least 65 years old, or
You have a permanent and total disability, or
You’re a patient in a nursing home for long-term care because of a disability, or
You’re getting Social Security Disability Insurance or Supplemental Security Income
Hey y'all, quick question.. I just received 100% P&T after a random ass "Upper level re-review" of a claim they basically denied last year. Long story short, I've been reading about this "Veteran's Pension" for folks who have net woth (pay and assets) under $138k. Has anyone had any experience with applying for this? Does anyone know what type of supports will be required? I'm thinking at least my last few tax returns and bank statements. I don't own any property so I feel like this would be pretty straight forward but only yall would know! Has anyone seen how long these claims take after all supports are submitted? I appreciate any input yall have! Cheers from the South Sip.
The Veteran's pension is for those that are very poor. Anyone that is getting VA compensation for disability at 100% won't qualify as VA disability compensation counts towards the income limit.
@Provis I read on the VA website that the max is 138k counting assets. I've calculated my 100% and my wife's income as well as mine... i'm 38k under. I definitely wouldn't call myself poor. I'm being realistic here. That said, is the 138k defined by congress not really a cut and dry thing? Thank you very much for your reply.
I'm seeing that the housebound/aid and attendance is a greater amount in this. like another 10k+ per year. I read it last night so forgive my memory on the amount.
You may be eligible for the Veterans Pension program if you meet these requirements. Both of these must be true:
You didn’t receive a dishonorable discharge, and
Your yearly family income and net worth meet certain limits set by Congress. Your net worth includes all personal property you own (except your house, your car, and most home furnishings), minus any debt you owe. Your net worth includes the net worth of your spouse. Find out about Veterans Pension rates <—Link
And at least one of these must be true about your service:
You started on active duty before September 8, 1980, and you served at least 90 days on active duty with at least 1 day during wartime, or
You started on active duty as an enlisted person after September 7, 1980, and served at least 24 months or the full period for which you were called or ordered to active duty (with some exceptions) with at least 1 day during wartime, or
You were an officer and started on active duty after October 16, 1981, and you hadn’t previously served on active duty for at least 24 months
And at least one of these must be true:
You’re at least 65 years old, or
You have a permanent and total disability, or
You’re a patient in a nursing home for long-term care because of a disability, or
You’re getting Social Security Disability Insurance or Supplemental Security Income
@Provis I read on the VA website that the max is 138k counting assets. I've calculated my 100% and my wife's income as well as mine... i'm 38k under. I definitely wouldn't call myself poor. I'm being realistic here. That said, is the 138k defined by congress not really a cut and dry thing? Thank you very much for your reply.
Those are assets. There is also an income limit that would be exceeded by receiving VA 100% disability compensation. So its not just the value of all of your stuff but also the amount of monthly income you receive.
Those are assets. There is also an income limit that would be exceeded by receiving VA 100% disability compensation. So its not just the value of all of your stuff but also the amount of monthly income you receive.