Sweeping VA Changes Should Help
More Veterans in Need
The Department of Veterans Affairs, (VA) has made important changes to the VA Pension with Aid and Attendance. Most noteworthy are eligibility changes that will open the door for more veterans and surviving spouses in need:
1. Net Worth Limit of $123,600
- A limit of $123,600 which will not fluctuate with age or life expectancy.
- This amount may change each year with a Cost of Living Adjustment (COLA).
- The VA defines net worth as income and assets.
2. Three-Year Look-Back Period
- Beginning October 18, 2018, the VA will look back 36 months from the date of application for any asset transfers to evaluate net worth.
- The VA will consider and may penalize the applicant for any assets transferred for less than market value.
Good News for Deserving Veterans and Surviving Spouses
According to the VA, setting the net worth limit at $123,600 allows more claimants to qualify for the benefit than before.
