Disability Law Firm

Compensation vs Pension Benefits for Veterans

Posted by Joseph Whitcomb on Jun 26, 2017 11:56:00 AM

The Difference between Compensation

& Pension Benefits for Veterans

Knowing the difference between compensation vs pension benefits for veterans cam help improve a veteran's quality of life but often requires legal help.

 Veterans who file a claim for benefits should understand the difference between compensation vs pension. Once an individual understands this difference, it is easier to understand what kind of benefits an individual desires and the process required in order to obtain these benefits. It is also often very important for individuals who seek compensation to obtain the assistance of a skilled veteran’s rights attorney.

 

 Speak with an Experienced Veterans Benefits Law Firm Today!

 

Veterans Disability Benefits

These benefits are designed to compensate veterans for the loss of quality of life and civilian employability. The Veteran’s Administration considers disability benefits to include money that is paid to a veteran who has a disease, injury, “service-connected” condition. A service-connected condition includes an illness that an individual sustained or had aggravated as the result of military service. In many cases, veterans’ compensation is measured on a scale that ranges from 10 percent to 100 percent, based on the percentage of an individual’s disability. Even an individual with less than a 100 percent disability might be given this rating if the veteran is unable to work due to a service-connected condition. If a veteran claims more than one injury, the Veteran’s Administration will combine rating scores for all injuries using a Combined Rating Table to arrive at a total disability rating. The Veteran Administration’s disability rating change over time as an individual’s injury grows worse or improves. Many veterans who qualify for Veteran’s Administration Disability Compensation also qualify for Special Monthly Compensation, which is a program intended to help those with particularly severe injuries including lost limbs. Veterans who qualify for this program will receive extra compensation in addition to disability benefits. Knowing the difference between compensation vs pension benefits can mean extra income for veterans.  Another program, the Individual Unemployability Program permits payments of total disability to veterans who are rated at least 60 percent for a single injury and cannot work as a result of their disability or who rated at least 40 percent for a single injury and have an overall 70 percent or greater disability rating.

Veterans Pension Benefits

In some cases, a veteran might qualify for compensation at a level below the income maximum of the Veteran’s Administration pension program. A pension based benefits program is need-based. The government pays veteran benefits when the veteran has a total disability, no matter what the condition is service-connected or not. Disability claim payments are substantially less than compensation programs and are only available to veterans who served during a certain period of war. A pension is based on a flat amount. To qualify for pension, an individual often must have been discharged unless than dishonorable conditions, be totally or permanently disabled, have served at least one day during a period of wartime and a minimum of 90 days in activity duty or service at least 24 months if the veteran enlisted after 1980, and meet a required income minimum. In these situations, payment is calculated based on the difference between the veteran’s yearly family income and the cost of medical treatment. The Veteran’s Administration will also take the number of an individual’s dependents into consideration.

Compensation vs Pension Benefits collection often requires the help of a Skilled Veterans Rights Attorney

There are a number of reasons why pension and compensation claims are denied. With the assistance of a skilled veteran’s rights attorney, individuals are often able to obtain the benefits that they deserve. The attorneys at Whitcomb, Selinsky, McAuliffe, PC or its disability arm, Rocky Mountain Disability Law Group has helped many veterans with numerous benefit related issues. Do not hesitate to contact our conveniently located downtown Denver office today at (303) 534-1958 or complete our convenient online form.

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Topics: Veterans Disability Benefits

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