BENEFITS HELP DISABLED VETERANS AND THEIR FAMILIES
Oct. 8, 2018
Veterans who are injured or otherwise disabled because of their time in the military may receive benefits to help pay for their care. Money might also be available to provide for the spouses, parents and children of those who were killed while in the military or while training to be in the military. Any benefits that a member of the military or their family member receives are tax-free to them.
One type of compensation available is called the Dependency and Indemnity Compensation. This is typically paid out to the spouse, child or parent of a deceased veteran. It may be paid out whether the death occurred while in the military or later in life because of an injury or illness sustained while serving. For a parent to receive this benefit, he or she will generally need to meet certain income criteria.
If a veteran is severely disabled, mortgage life insurance can help to pay the balance on his or her home loan. Compensation could also be available to help a disabled veteran buy or renovate a home to meet their needs. The Special Monthly Compensation benefit helps to pay for aid needed to help with a disability. For instance, if a person loses a limb, the SMC may provide funding to pay for in-home care or other assistance needed.
Individuals who are disabled as a result of their military service may quality for disability benefits and other assistance. This may make it easier to pay daily living expenses or healthcare costs related to the disability. It might also take some of the financial burden of family members who have to choose between working and caring for a disabled loved one. An attorney may be able to assist with a disability benefits case.
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