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You are here: Home / HOT Topics and Info / 2021 Veteran (VA) Benefit Rates

2021 Veteran (VA) Benefit Rates

Basic, Aid and Attendance, Housebound

Please note:  The data below are expressed as annual and monthly figures.  The Department of Veterans Affairs adjusts the benefits upwards by whatever the announced Social Security percentage cost of living is for the year. The Social Security Administration has announced a 1.3% increase from the 2020 levels.  The monthly amounts are based upon the annual rates, and when 1/12 of the annual rate yields a fraction, the amount is rounded down to the nearest whole dollar.  See 38 CFR §§ 3.273, 3.29(b).

Please also note:  Effective October 18, 2018, the VA imposed a “bright line” asset test for determining whether the applicant (or family unit) owned excess assets that would prevent eligibility. The bright line amount for 2021 is $130,773.  With the same set of regulations, the VA also imposed transfer penalties for transfers of assets in excess of the bright line asset level. In 2021 the penalty is calculated by dividing the excess assets transferred by $2,295 to arrive at a number of months that benefits would be denied.

Please further note:  Effective January 1, 2019, Mason Law, PC ceased processing VA benefit applications. Frankly, there are certain departments of the government that are too difficult to deal with.

STATUS
ANNUAL
MONTHLY
Veteran, No Dependents $13,931 $1,160
Veteran, One Dependent $18,243 $1,520
Veteran, Housebound, No Dependent $17,024 $1,418
Veteran, Housebound, One Dependent $21,337 $1,778
Veteran, Aid & Attendance, No Dependent $23,238 $1,936
Veteran, Aid & Attendance, One Dependent $27,549 $2,295
Each Addt’l Child $2,382 $198
Widow, No Dependent $9,344 $778
Widow, Housebound, No Dependent $11,420 $951
Widow, Aid & Attendance, No Dependent $14,934 $1,244
Surviving Child $2,382 $198
Two Vets Married, Both Aid & Attendance $36,861 $3,071
5% Med Deduction vet*  $696
5% Med Deduction Vet Married*  $912
5% Med Deduction Widow*  $467
Medicare Deduction  ~$148.50 Varies by individual

* To be deductible in calculating adjusted income, medical expenses must exceed this amount.

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About Bob Mason

Bob Mason, Elder Law & Special Needs LawRobert A. Mason, JD, CELA, CAP, is owner of Mason Law, PC, of Charlotte and Asheboro, North Carolina, a law firm devoted exclusively to legal issues involving the elderly and the disabled. Read More >>

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