Many people in the military are able to retire based on the length of years served, which means that they are younger when they take retirement. This ‘early’ retirement means that funds they have accumulated during their service years must last that much longer.
For a veteran who receives a military pension there is the possibility of some extra help. Some veterans may be eligible for Aid and Attendance, an allowance that could increase their pension.
The circumstances are very specific for claiming the additional monetary payment. According to the VA website: “ Veterans and survivors who are eligible for a VA pension and require the aid and attendance of another person, or are housebound, may be eligible for additional monetary payment. These benefits are paid in addition to monthly pension, and they are not paid without eligibility to Pension.”
For more information about the Aid and Attendance and the Housebound payments, military retirees should contact the office of Veterans Affairs in their state and submit a claim form.
You might also use the following link to find out more about eligibility: http://www.benefits.va.gov/pension/aid_attendance_housebound.asp
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