The 3-year look back has eliminated the option of last-minute planning. Asset transfers made during the look-back period will have a penalty period imposed on the applying veteran or spouse that can last up to 5 years. The Penalty for asset transfers will be calculated by using a set amount as a divisor. The monthly…
Medicare beneficiaries across the country will soon find letters in their mailboxes from the Social Security Administration (SSA) alerting them to programs that could help pay their out-of-pocket health care expenses. This year, more than 2.2 million people will receive the letters. With so many scams swirling around the release of the new Medicare cards…
In 2016 The Combat-Injured Veterans Tax Fairness Act was passed. This affects veterans who received disability severance payments after January 17, 1991, and included that payment as income. The DOD is just beginning to send out letters to veterans, but what should you know before filing? There is a time limit on filing for the…
The Improved Pension (often referred as Aid & Attendance) has had proposed amendments to its regulations concerning the requirements that qualify veterans or veterans spouses by the VA since 2015. September 18th, 2018 the VA announced that they are implementing a 3 year look back as of October 18th, 2018. What you need to do…
