Call Today for a Consultation
Toll Free: 800-495-9153
Local: 321-426-1848

Veterans benefits and the new net worth limit

In October 2018, the Veterans' Administration adopted several new rules that substantially change how VA benefits work. In particular, pensions now have a specific net worth limit. The VA has also adopted a look-back period for assessing net worth.

The calculation for any specific case can become quite complex, especially when factoring in other types of benefits a veteran may receive. Careful planning can help you optimize the chances of receiving the support you need and are eligible for.

Net worth limit

Prior to October 2018, the VA did not have a set net worth limit for receiving benefits, although there were some general guidelines. The current and recently implemented limit is $127,061 and includes a spouse's assets as well. This figure will increase annually.

Assets that count towards the limit include funds in bank accounts and stocks, as well as real estate exceeding two acres and other than one's primary residence. Total annual income also counts towards net worth.


Some types of property are exempt from the net worth calculation. These include a primary home and surrounding land of up to two acres, as well as a vehicle for personal use. Also exempt are personal and household items.

The new rules also allow the subtraction of unreimbursed medical expenses from the annual income figure for the purposes of net worth assessment. Unreimbursed medical expenses are costs one's insurance does not cover, such as premiums, copays and deductibles. Assisted living or in-home care are also considered medical expenses for this purpose, which insurance typically does not cover.

Look-back period for transfers

Along with setting a strict net worth limit, the VA's new rules also introduce a look-back period of three years. This means the VA scrutinizes transfers of assets one made during the three years prior. In particular, assets one sold for less than fair market value are deemed to be transfers for the purpose of sliding under the net worth limit. Such a finding can result in a penalty of ineligibility for benefits for up to five years.

No Comments

Leave a comment
Comment Information

Consult Our Florida Lawyer for Veterans Aid & Attendance

Feel free to contact us and schedule an initial consultation where we can review your circumstances in an intimate setting and discuss how our Brevard County Elder lawyer can help you. Simply call Amy B. Van Fossen, P.A., locally at 321-426-1848 or toll free at 800-495-9153. We look forward to meeting you.

How Can We Help You?

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Visit Our Office

Law Office of Amy B. Van Fossen, P.A.
1696 West Hibiscus Blvd
Suite A
Melbourne, FL 32901

Toll Free: 800-495-9153
Phone: 321-426-1848
Fax: 321-345-5417
Map & Directions

Review Us

We accept

VISA | MasterCard | American Express | Discover Network