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Posted about 3 years ago. 2 helpful votes, 0 comments
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Service Requirements for the Veteran (or the widow of a qualifying Veteran)A. At least 90 days of active duty service B. At least 1 of those days of service must have occurred during a time of war. C. The Veterans discharge must be "other than dishonorable". 2
Asset LimitationsThere are no set asset limits. However, the Veteran will generally not be eligible if the household has more than $80,000 in countable assets. The house, automobile, personable effects, and funeral service contracts are generally not countable towards the asset limit. 3
Income LimitationsThe Veteran cannot have income which exceeds the Maximum Allowable Pension rate. The Veteran's income can be "reduced" by "unreimbursed medical expenses". The monthly bill at the assisted living facility is generally treated as "unreimbursed medical expenses". This is why this program is especially helpful for assisted living residents. 4
2008 Rates1. Veteran married to Veteran---------------$2400 Monthly 2. Married Veteran------------------------------$1842 Monthly 3. Single Veteran------------------------------- $1554 Monthly 4. Widowed Spouse--------------------------- $998 Monthly Find Construction LawyersRelated Searches |