If you have served during wartime, you may be entitled to the Veterans Pension Program. This program allows Veterans who have an honorable discharge, meet age or disability requirements, and who have limited income and net worth to receive monthly payments.
In order to qualify for the Veterans Pension Program, you must be over 65 or totally and permanently disabled, which means that you have a non-service connected injury or illness that prevents you from working. You must also have served for 90 days on active duty, including at least 1 day during wartime. Monthly pension payments are calculated by taking the maximum annual benefit and subtracting your household’s accountable income. This includes money earned from employment, bonuses, and commissions; however, educational expenses and unreimbursed medical expenses are subtracted.