To receive pension there are a few things that make an elderly veteran eligible. If your senior is looking into applying for funds for their care they need to meet the following requirements. Your senior must have served on active duty for at least 90 days. These days must have been during a period of war. Your senior must have been honorably discharged. Veterans younger than 65 who are seeking pension must be totally disabled. Those 65 and older do not have a requirement for disability. There is also no disability requirement for a single surviving spouse.
The household of your veteran senior must not have income that exceeds the Maximum Allowed Pension Rate (MAPR) to be eligible for pension. Those who exceed the MAPR cannot be eligible for pension. For those who have income less than the Maximum Allowed Pension Rate the veteran can receive a pension income that is equal to the difference between the household income and the MAPR. The household income is adjusted for unreimbursed medical expenses. Pension is calculated for 12 month periods, but is paid out monthly.
Veterans applying for pension mast have served during one of four wars. The first is World War II from December 7, 1941 through December 31, 1946. The Korean Conflict took place from June 27, 1950 through January 31, 1955. For the Vietnam Era there are a few dates. Veterans must have served August 5, 1964 through May 7, 1975. If they served “in country” before August 5, 1964 veterans must have served time between February 28, 1961 and May 7, 1975. For the Gulf War veterans must have served time between August 2, 1990 and through a date not yet set.
Pension is calculated 12 months at a time. A monthly award is given based on that 12 month allowance. The 12 months are estimated with future income in mind. Subtracted from that is recurring and predictable medical expenses. Those medical expenses are deducted for an adjusted medical expense. That is in turn subtracted from the estimated 12 months of future income. The new total is called the “countable income” and is also known as Income for Veterans Affairs Purposes. The countable income is the subtracted from the MAPR then divided by 12 for the monthly income pension. The pension is paid in addition to the household income.
These are just a few of the factors that contribute to the eligibility of a veteran. For those who have served during a time of war and meet the above requirements, pension could be available for them. To move forward with getting your senior the help they need, take the first step and begin with the application process. From there, there will be additional requirements including going through a rating process to determine whether or not your senior is eligible for benefits. Many forms needed for applying for pension are conveniently available online.
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