The VA has said that this Pension benefit is an “underutilized benefit” — that is veterans that should be receiving it are not.
So how underutilized is it?
Only 10% of veterans who are eligible are receiving it.
Can you imagine 90% of those entitled to receive it — for service they or their deceased spouse paid the price of serving this country — are not receiving it.
What a travesty!
The VA also estimates the average benefit is about $4000 a year. We suspect this number is too low as the VA often doesn’t take into account that the gross income must be reduced by unreimbursed medical expenses — remember IVAP? The benefit can be over $2000 a month — $24,000 a year….
How much money is owed to veterans and is not being paid?
This is why we must make efforts to educate veterans and families on this important benefit.
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.