Which of the VA benefit programs is means tested?
the Pension program
Unlike the VA Disability Compensation program, the Pension program is means-tested – eligibility is based upon meeting certain income and asset tests. In addition, Disability Pension payments are reduced by the amount of countable income of the veteran, spouse or dependent children.
Does the VA still do means test?
This is called an income assessment or financial assessment (formerly known as a means test). We’re required by law to collect this information. We use your income information to help determine: If you’re eligible for VA health care based on your income, and.
What is counted as income for VA benefits?
Your countable income is how much you earn, including your Social Security benefits, investment and retirement payments, and any income your dependents receive. Some expenses, like non-reimbursable medical expenses (medical expenses not covered by your insurance provider), may reduce your countable income.
What is the means test threshold for VA benefits?
Veterans Affairs (VA) Benefits – Means Test Thresholds. Veterans enrolling in priority group 5 based on their inability to defray the cost of care must provide information on their annual household income and net worth to determine whether they are below the annually adjusted “means test” financial threshold.
Do I need to include veterans’ benefits in my means test?
The exception is Social Security benefits, and in some states, unemployment compensation—you won’t need to include these types. By contrast, veterans’ benefits aren’t exempt and must be figured into the means test calculations.
Do veterans’ benefits count as income for debtors?
Veterans’ Benefits Count As Income Debtors must include most sources of income on the means test. The exception is Social Security benefits, and in some states, unemployment compensation—you won’t need to include these types. By contrast, veterans’ benefits aren’t exempt and must be figured into the means test calculations.
What happens if my income is under the VA threshold?
If your income is under the lowest threshold, you qualify for free medications, beneficiary travel benefits, and free medical care. If your income is under the highest threshold, you can receive medical benefits, but you will be responsible for full inpatient and outpatient copayments. What is considered income for VA benefits?