Monday, May 4, 2015

New Rates Released for Veterans Pension

The U.S. Department of Veterans Affairs (VA) provides a tax-free, supplemental pension to qualifying wartime veterans and their families. To be eligible, veterans must have limited income and assets, and they generally must have a period of service that includes at least one day on active duty during wartime and 90 days total active duty time. Veterans who entered active duty after September 7, 1980 generally must have served at least 24 months or the full period for which they were called or ordered to active duty. Also, veterans must have been discharged under conditions other than dishonorable.  In addition to these basic service requirements, to be eligible, a veteran must be:

·         Age 65 or older, or
·         Totally and permanently disabled, or
·         A patient in a nursing home receiving skilled nursing care, or
·         Receiving Social Security Disability Insurance, or
·         Receiving Supplemental Security Income