VA Pension Can Help Housebound Veterans Cover Costs of Living and Long-Term Care
The U.S. Department of Veterans Affairs (VA) is probably most well-known for providing veterans with health care coverage and medical services, but the VA also offers a wide array of other benefits to servicemembers and their families. One such program offers qualifying vets a monthly monetary benefit to supplement their income. This benefit is known as the basic Veterans Pension.
An “improved” version of the basic pension called the “Housebound” Pension is available to veterans who have limited income and assets and are confined to their immediate premises due to a permanent disability. These funds can help offset the everyday costs of living and the costs of long-term care, which can be provided in a veteran’s home or in a residential setting, such as an independent living community or an assisted living facility.
Eligibility Requirements for the Housebound Pension
There are several eligibility requirements that veterans must meet to qualify for the Housebound Pension program. The first and simplest requirement is that a veteran must have received a discharge other than dishonorable. Because the Housebound Pension is an “improved” version of the basic Veterans Pension, many of the qualifications are the same except for an additional functional requirement.
Raymond James is not affiliated with AgingCare or Ashley Huntsberry-Lett
