VA pension is a benefit paid to veterans who served during a period of war and who have limited or no income, and is 65 years or older or totally disabled not due to their service. It's estimated that approximately 3/4 of all veterans are eligible for the pension benefit. For example, the Persian Gulf War period is still in effect and has been since August 2, 1990, so any veteran that served during this period could be eligible for the Pension benefit as long as the other criteria are met.
The basic eligibility criteria for the Pension benefit is;
Net worth, includes your and your spouse's assets and annual income.
Once VA determines you're totally disabled or 65 or older, and you qualify for the pension benefit, they will base the amount payable from the difference from your countable annual income and the Maximum Annual Pension Rate (MAPR) set by Congress every year.
For example, for a single veteran;
MAPR amount (2023) = $16,037.00
Annual countable income = $8,000.00
VA yearly pension benefit = $8,037.00 ($669.75 monthly amount)
If you're 65 or older and have limited or no income (and of course meet the other criteria), you automatically qualify for the pension benefit. If you're under 65 and totally disabled, VA will determine the individual evaluations of all of your disabilities just as they do with service-connected disabilities based on the rating schedule. If your evaluations combine to the schedular evaluation of 100%, you will be awarded the Pension benefit. If your disabilities do not combine to the 100% evaluation, but you have one disability evaluated at 60% or more, or have multiple disabilities with one being evaluated at 40% and the others combined with it bringing your total combined evaluation up to at least 70%, VA will then determine whether those disabilities render you unemployable. If they do, VA will award the Pension benefit. VA is really liberal in applying the IU criteria to Pension applicants because the Pension benefit is a needs based program.
Aid and attendance is a benefit paid in addition to the pension. The eligibility criteria are;
Housebound benefit is also paid in addition to the monthly Pension when the following criteria are present;
If you believe you're eligible for the Pension benefit, contact me for an assessment of your situation.