The Basics of Veterans Compensation | David W. Magann

The Basics of Veterans Compensation

Under the Department of Veterans Affairs, compensation is offered to veterans based on an illness or injury that was acquired or made worse due to one’s service in the military, provided there was no dishonorable discharge.

The amount paid to a veteran is based on a percentage of disability and can range anywhere from 10-100% and even more in some extreme and special circumstances. This compensation figure is arrived at using a Compensation Rate Table maintained by the department.

Compensation can vary from $123 a month to more than $3100 a month, depending on how many dependents you have and your level of disability.

You may be paid higher amounts if you have a spouse, child or dependent parent; severe disabilities or loss of limb; or a seriously disabled spouse.

You can apply for compensation by filling out VA Form 21-526, Veterans Application for Compensation or Pension. It is necessary to provide with your application doctor and hospital reports documenting your disability or illness, and also dependency records such as marriages and children’s birth certificates.

It is important that the medical evidence of your current condition be connected to the in-service event, which is often referred to as the “service connection.” Without this “service connection,” it is virtually impossible to receive compensation.