Normally we heard the word “Pension” and we think of benefits that are paid based upon the amount of time we have spent with a company or government but “Veteran Pension” is not this at all.
You can have your retirement benefits along with pension benefits so keep this in mind also.
We will go into more detail about the actual level of benefits (up to $2000 a month!) under the VA Pension but here is a quick summary of what is required to potentially qualify:
1. Veteran (we’ll talk about spouses in a different post);
2. Served 90 consecutive days of active duty;
3. At least one day of active duty during a war time period (we’ll define the dates in a different post);
4. Acceptable discharge — normally better than a dishonorable discharge;
5. Limited assets (we will discuss this in detail);
6. Income requirements that take into account your unreimbursed medical expenses; and 7. You are over the age of 65 or permanently and totally disabled.
If you live in Alabama and have questions about this benefit for you or your spouse or your parents, please let us know by calling us at 205-879-2447 or you can fill out a contact form on our Alabama Consumer site. Do note we are creating a separate site just for this area of the law in Alabama but it is not up and running yet so feel free to give us a call at 205-879-2447.