Increase in VA Benefits
Finally, some good news from the federal government that will benefit Michigan residents receiving VA non-service connected pension benefits. After several years of not receiving a cost of living increase (COLA), the government has announced a 3.7% increase for benefits.
In addition to social security, this will include VA benefit payments. If you are a veteran receiving Aid and Attendance Benefits (A&A) this will result in a much needed raise to assist you with your care expenses.
The new monthly amounts are as follows:
Single Veteran: $1,703.00
Married Veteran: $2,019.00
Surviving Spouse: $1,094.00
Two Veterans: $2,630.00
Improved Pension Only: $1,338.00
The end result: If you are a wartime veteran receiving benefits expect an increase. If you are a veteran or family of a veteran looking for a way to keep your loved one at home or looking for an assisted living facility, the A&A benefit can be a life saver.
As always, if you need assistance with VA benefits, particularly A&A, please call our firm.