VA Removes Net Worth Requirement From Health Care Enrollment
The Department of Veterans Affairs (VA) has removed the regulatory provisions regarding the veteran's net worth as a factor in determining the veteran's eligibility for VA health care. The new rule went into effect on June 24, 2019.
Prior to January 1, 2015, VA considered a veteran's net worth and annual income when determining a veteran's assignment to an enrollment priority group for VA health care.
Reporting net worth information imposed a significant burden on veterans and VA dedicated substantial administrative resources to verify the reported information.
VA changed its policy regarding net worth reporting in order to improve access to VA health care to lower-income veterans and to remove the reporting burden from veterans by discontinuing collection of net worth information.
As VA no longer considers net worth in making eligibility determinations, this final rule amends the regulation to remove reference to VA's discretionary statutory authority to consider a veteran's net worth as a factor in determining eligibility for VA health care. Because of the net worth reporting requirement, certain veterans who would have been eligible to receive VA health care based on their annual income were ineligible for such care, or they were placed in a lower priority category, because their net worth was too high.
If you are caring for an elderly loved one who is also a veteran, Kimbrough Law can help. Just give us a call at 706.850.6910.