Effective October 18, 2018, the Department of Veteran Affairs has new rules that impact several types of VA benefits. A few key changes are:
- 36-month "look-back" period on use of assets with up to a 5-year penalty period for misuse
- A maximum net worth of $123,600 for the veteran
- Changes in how annuities impact benefit calculations
- No undue hardship provisions
- New definition for "homestead", personal effects, and annual income of claimant and certain dependents
If you were planning to transfer assets or file for VA Pension, Aid & Attendance or other VA benefits soon, please check with your estate attorney immediately. You may need to file before October 18th.
Veterans benefits law entitles veterans and certain members of their families to government benefits such as:
- Long-term care
- Disability benefits
- Home loan guarantees
- Life insurance
The array of benefits and qualifying for them can be confusing and difficult to navigate, but Bradford & Holliman can help. We guide veterans through the maze of options.
And like all of us, veterans want to preserve assets so they can pass them on to loved ones. We can help set up an estate plan to address healthcare needs and long-term financial plans.
Veterans Aid and Assistance
Veterans have both home-based and community-based options for managing illnesses requiring long-term care. Our attorneys help disabled service members get the long-term care benefits they deserve. Separate from other veteran benefits, the Veterans Aid and Assistance program helps veterans and their spouses pay expenses related to nursing home, assisted living, or home healthcare. The available benefits range from $1,632 to $2,540 a month for a married couple if both spouses are veterans. Here's a summary of General Qualifications for Veterans Benefits.
Can I Get Veterans Benefits For Help With My Daily Living Needs?
Yes. A veteran and his or her spouse are eligible for benefits that assist with daily living needs.
- For those over age 65, the need does not have to be a result of military service.
- For those under 65, assistance is available if there is a total disability or a service-related partial disability.
Do VA Benefits and Medicaid Work Together?
Yes. A service member can obtain VA benefits and still remaining eligible for Medicaid benefits. The asset-limit rules for VA benefits are very different from Medicaid eligibility rules. Bradford & Holliman attorneys know the requirements and how to apply for both programs.
Here's a collection of Q&A from VA Benefit seminars Bradford & Holliman have conducted.
Let Us Help
You are not alone. Call us today at 205-663-0281 for a free consultation. John R. Holliman or Melanie B. Holliman (formerly Melanie B. Bradford) will explain the benefits application process, discuss your eligibility, and assist with the application process.
We can explain the rules for determining eligibility for Veteran benefits and protecting service member rights. We will advocate for and protect your veteran rights in a manner that is effective, legal and ethical.
Call us at 205-663-0281 or email us today for a free consultation in person, by phone, or by video conference.
Golden Years in Alabama - Host Ryan Robnett interviews Melanie B. Holliman - May 2017