Most people are aware of the fact that people who serve for at least 20 years in the United States military are entitled to a retirement pension. This pension certainly helps when you are planning for retirement, and this is a reward for the sacrifices that service members make when they serve their country.
There is however another type of pension that many people are not aware of that can be of great assistance to aging wartime veterans.
Many people who reach an advanced age ultimately need assistance with their day-to-day needs, things like dressing, eating, bathing, cooking, etc. In-home care comes with a significant cost, and residence in a nursing home or an assisted living community is exorbitantly expensive.
Veterans who have served for at least 90 days with even one of these days being served during a time of war may qualify for a benefit that will help them pay for living assistance. This benefit, the Veterans Aid & Attendance special pension, can provide a single qualified veteran with as much as $1732 per month to help defray assisted living costs.
You do have to prove that you have some modicum of financial need to qualify, but your home, your vehicle, and certain personal possessions don’t count when the program administrators are evaluating your assets.
This benefit can certainly make a big difference to veterans who need help with their day-to-day needs. To learn more about the Veterans Aid & Attendance special pension visit the United States Veterans Benefits Administration website.
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