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Thursday, 08 November 2018 05:10

VA amends regulations on VA pension and other needs-based programs

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VA amends regulations on VA pension and other needs-based programs

 

WASHINGTON The U.S. Department of Veterans Affairs (VA) recently amended its regulations governing entitlements toVA pension andParents’ Dependency and Indemnity Compensation, which are need-based programs.  

 

“The amended regulations bring consistency to the pension process and ensure benefits are available for Veterans and survivors with financial need,” said VA Secretary Robert Wilkie. “They will help maintain the integrity of and provide clarity to our needs-based pension program.” 

 

VA’s pension program provides monthly benefit payments to eligible wartime Veterans and their survivors with financial need.

 

The pension regulations, which were updated Oct. 18, cover the following:

  • Establish a clear net-worth limit for income and assets for Veterans to qualify for pension, 
  • Establish a 36-month look-back period to review asset transfers at less than fair market value that reduce net worth and create pension entitlement, 
  • Establish up to a five-year penalty period to be calculated based on the portion of thecovered assetsthat would have made net worth excessive, and 
  • Updates medical expense definitions for consistency with VA internal guidelines.

 

The changes are intended to ensure VA only pays benefits to those Veterans with a genuine need.

 

For more information on VA’s pension program, visitwww.benefits.va.gov/PENSION/.

 

 

Sincerely,

 

Heather J. Patterson

Special Assistant to the VSO Liaison

Office of the Secretary

Department of Veterans  Affairs

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