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Veteran Benefits

Porath Financial Advisory is an accredited agent of the Department of Veteran Affairs and has helped many Pennsylvania Veterans, dependents, spouses and surviving spouses understand and benefit from the Veteran Affairs "Aid and Attendance Pension", a federal assistance program offering monthly support to them.

Through this program, Veterans have received monthly financial reimbursements of up to $1,704 per month, or nearly $20,447 a year tax free.

“Without the sacrifice and great work of our Veterans and their supporting families, we would have no country,” says Dan Porath, founder and president of Porath Financial Advisory.

“Every Veteran, dependent, spouse and surviving spouse should ensure that they are taking advantage of this great program which was created for them in appreciation of their service.”

A study commissioned by the Department of Veterans Affairs showed that only about 25 percent of eligible Veterans nationwide, and about 17 percent of eligible widows, were receiving this aid. Earlier statistics are even more startling and showed that nearly 2 million Veterans and widows were missing out on $22 billion a year in pensions.

The "Aid and Attendance Pension" program provides a monthly benefit payment from the Department of Veterans Affairs to Veterans or surviving spouses who are disabled or frail and might have trouble living on their own. The benefit is paid as an income to the Veteran or surviving spouse, not the care health care provider. The funds can be used for anything, although most Veterans or spouses need the money to pay for care and medical expenses.

Am I eligible?
A Veteran may be eligible under any of these circumstances:

The Veteran requires the aid of another person in order to perform personal functions required in everyday living, such as bathing, feeding, dressing, attending to the wants of nature, adjusting prosthetic devices, or protecting himself/herself from the hazards of his/her daily environment.
The Veteran is bedridden, in that his/her disability or disabilities requires that he/she remain in bed apart from any prescribed course of convalescence or treatment.
The Veteran is a patient in a nursing home due to mental or physical incapacity.
The Veteran is blind, or so nearly blind as to have corrected visual acuity of 5/200 or less, in both eyes, or concentric contraction of the visual field to 5 degrees or less.

How do I apply?
You can apply for “Aid and Attendance Pension” benefit by writing directly to your VA regional office. However, many Veterans and family members find it much easier to work through an accredited VA agent like Porath Financial Advisory, which has experience with the program as well as working with large, cumbersome bureaucracies.

How Porath Financial Advisory can help you
As a successful financial planning firm for the past 24 years, Porath Financial Advisory has formed a solid network of trusted and reliable partners that include elder attorneys, assisted living facilities, at-home care providers and other senior advocates.

With everything under one roof, the Veteran saves time, cuts down on confusion, and ensure that he or she, the spouse, surviving spouse, or family is well compensated for their sacrifices.

Please click here to learn more about this service.

If you would like to learn more about the Veteran Affairs "Aid and Attendance Pension” program, please contact Porath Financial Advisory for a no-cost phone consultation at 814-464-8824 or by emailing us here.