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Should I file For the VA's Aid and Attendance if it looks like I don't meet the financial criteria? Usually NO! Why?
a) Veterans who apply and have not previously been denied many be able to get an entire years worth of benefits under a Liberalizing Law.
b) Often, through a cash flow analysis, we can tell you how much you can withdraw from your IRA and still get the VA benefit - unfortuantely, taking extra out of the IRA can often result in the loss of the VA benefit for a year.
I called the VA 800 number and they said: "A&A is only for nursing home residents ... You need to be a combat veteran for A&A...your father was only stationed in Guam ... You can't get help to pay for an assisted living ..." Say thank you and hang up. This pension exists and if you meet the service requirement and physical requirements, it is not a definite NO, it is an "if and when". It's up to you to pay attention to your changing financial status and notify the VA when you meet the criteria.
What are the On-Going Requirements? You are obligated to inform the VA of any changes to your income, assets or monthly unreimbursed medical expenses so they can determine if you are still eligible for the pension. Did you receive funds from the sale of your home or inheritance? You may now be over asset. Did you move from an assisted living in one state to a less expensive one in another state? You need to notify the VA.
Remember avoid even the appearance of impropriety. The VA will come after you for funds you received when you were not within the program guidelines.
Annual Requirement - the Eligibility Verification Report in no longer an annual requirement - but the VA reviews your prior year information with the IRS much more aggressively. If you have been questioned about prior year income, we can preform a cash flow analysis to help you respond to the VA and mitigate the funds owed to the VA. NOTE: you don't have to have filed a tax return for the IRS to have your information.
For representation before the VA, ERBC refers to Servaes Consulting Group, LLC so you can be assisted by a VA Accredited Agent.
Neither Elder Resource Benefits Consulting nor the Servaes Consulting Group, LLC is affiliated with the Department of Veterans Affairs or any other government agency. Elder Resource Benefits Consulting and the Servaes Consulting Group, LLC are not Veterans Services Organizations.