Wednesday, June 17, 2020

VA Benefits – A Basic Understanding of Special Monthly Compensation

What is Special Monthly Compensation?
When receiving a rating decision and a grant of service connection for disability compensation, a veteran is assigned a rating percentage of up to 100% that entitles them to a monthly payment of a certain amount due to their disability related to their military service. Sometimes, however, even a 100% VA disability rating amount may not be enough compensation. For those situations, there are other VA benefits a veteran may qualify for provided by the Department of Veterans Affairs that allows them to receive compensation greater than the 100%. This is Special Monthly Compensation (SMC).
VA Special monthly compensation
The rating schedule is meant to compensate veterans for reduced earning capacity due to their disability. SMC disability benefits are different because they are meant to compensate veterans for non-economic factors, such as personal inconvenience, social inadaptability, and the profound nature of the disability. SMC benefits provide additional compensation at a rate much higher than the 100% rate. SMC is reserved for veterans that have suffered certain severe disabilities, severely disabled veterans who are housebound, or in need of regular aid and attendance or daily health-care services. These rules and procedures for qualifying for SMC can be complicated, so here we will look at a general overview of SMC to make you aware that such benefits exist and that you may be entitled to them.

No comments:

Post a Comment