Asset recovery is where Medicaid will seek to recover benefits paid on your behalf by looking for assets that you own, such as your home.
There is no asset recovery with the VA Pension benefits. Remember VA Pension benefits are for those qualifying veterans who served at least one day somewhere in the world during a time of war.
The exception to the “no asset recovery” is if you become ineligible during the year and still receive benefits or you fail to file a required form once a year — EVR. Eligibility verification report. If you don’t file this, the VA will act quickly to “get its money back” but as long as you follow the rules, there is no asset recovery.
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.