This is especially true when you increase your rating from 50% to 60% (or in other situations from 60% to 70%). The following chart shows benefits for a veteran with a spouse and one child.Īs you can see from these charts, a small increase in disability rating can often substantially increase the amount of disability compensation payments. Because of this, income will vary based upon marital status and the number of dependents. VA determines disability compensation benefit amounts by using the veteran’s disability rating and his or her family status. The following chart shows disability compensation for a single veteran with no dependents both before and after an increased rating. Let’s explore a few possibilities to see how a 10 or 20% increase in rating can affect your bottom line. You may also be surprised that sometimes 1 + 1 = 3 when using “VA math.” While every situation is different, a consultation with one of Perkins Studdard’s veterans disability attorneys may reveal that an extra 10% or 20% makes a significant financial difference for you each month. Knowing you may be facing a years long fight with the VA for an increased rating, and now knowing that a higher rating does not automatically mean more monthly VA disability income, you may be asking yourself why anyone would seek an increased rating. If a higher rating does not mean I am automatically entitled to more money, is it even worth seeking an increased rating? #VA DISABILITY PERCENTAGES PLUS#VA regulations require the use of combined ratings tables, which are complex formulas where one plus one is not always two.Īn experienced veterans disability attorney can assess your particular situation to see if you are likely to see an increase in benefits with an increased rating. It is not as simple as 60% + 10% equals 70%. This is usually the case when you are already rated fairly highly (60% or more) and receive a small increase (say 10%). But, that is not always the case it could be that a small increase in rating has zero effect on your amount of benefits. You would think that a higher rating would automatically mean a larger monthly VA disability check. Does an increased rating mean I will receive more VA disability benefits? That number leaves a lot of opportunity for an increased rating or supplemental benefits to aid in a veteran’s monthly income. Yet nearly 40% of first time applicants are only awarded a disability rating between 0% and 20%. Almost 25% of first time awards offer the veteran between 70% and 100% disability rating. The National Center for Veteran Analysis and Statistics tells us that in recent years first time applicants are being awarded higher disability ratings than ever before.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |