Veteran Benefit Rates in 2015
The month of February, we have been dedicating our blog to Veterans.
There are several government benefits that veterans are eligible to receive, though it can be hard to know where to start. You can check out this month’s previous posts on the minimum qualifications to receive benefits, what different kinds of benefits are available, and current legislature that will impact the application process for returning veterans.
Today, we want to cover the current compensation packages eligible for veterans.
Veteran Enhanced Pension Benefits
The amount of enhanced pension a veteran is qualified for, and receives, is dependent upon their income for VA purposes, as well as dependents that may rely upon them. The follow are current enhanced pension benefits:
Pension
Veterans Pension Rate Table – Effective 12/1/14
Maximum Annual Pension Rate (MAPR) Category |
Amount |
| If you are a veteran… | Your yearly income must be less than… |
| Without Spouse or Child | $12,868 |
| To be deducted, medical expenses must exceed 5% of MAPR, or, $ 643 | |
| With One Dependent | $16,851 |
| To be deducted, medical expenses must exceed 5% of MAPR, or, $ 842 | |
| Housebound Without Dependents | $15,725 |
| Housebound With One Dependent | $19,710 |
| A&A Without Dependents | $21,466 |
| A&A With One Dependent | $25,448 |
Knowledge is Power
Because of the varying compensation differentials, we recommend meeting with a professional who’s well-versed in Veterans Benefits. It is simply the best way to set you and your loved one up for success, both in the present and for the future.
~ Ronald Morton
