Disability Compensation is a tax-free monetary benefit paid to veterans with disabilities that are the result of a disease or injury incurred or aggravated during active military service. Compensation may also be paid for post-service disabilities that are considered related or secondary to disabilities occurring in service and for disabilities presumed to be related to circumstances of military service, even though they may arise after service.
Dependency and Indemnity Compensation (DIC) is a tax-free monetary benefit generally payable to a surviving spouse, child, or parent of Service members who died while on active duty, active duty for training, or inactive duty training or survivors of Veterans who died from their service-connected disabilities.
SPECIAL MONTHLY COMPENSATION
Special Monthly Compensation (SMC) is an additional tax-free benefit that can be paid to veterans, their spouses, surviving spouses and parents. For veterans, Special Monthly Compensation is a higher rate of compensation paid due to special circumstances such as the need of aid and attendance by another person or a specific disability, such as loss of use of one hand or leg. For spouses and surviving spouses, this benefit is commonly referred to as aid and attendance and is paid based on the need of aid and attendance by another person.
Veteran's Affairs (VA) helps veterans and their families cope with financial challenges by providing supplemental income through the Veterans Pension and Survivors Pension benefit programs.
You may be eligible for Veteran's Affairs (VA) benefits if you are:
An active duty military service member
A member of the Reserve or National Guard
A surviving spouse, child or parent of a deceased veteran
A veteran's dependent
Active Duty Service Qualification
Generally, a veteran must have at least 90 days of active duty service, with at least one day during a wartime period-to qualify for a VA Pension. If you entered active duty after September 7, 1980, generally you must have served at least 24 months or the full period for which you were called or ordered to active duty (with some exceptions), with at least one day during a wartime period.
In addition to meeting minimum service requirements, the veteran must meet one of the following qualifications:
Age 65 or older
A patient in a nursing home receiving skilled nursing care