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If you’ve protected your country and served in the armed forces, you’re entitled to veteran benefits. These change from year to year, so it’s important to keep up to date with all the latest developments.
However, don’t worry this article can act as a veteran benefits guide, we have 3 key things for you to know about veteran benefits in 2022.
Read on to find out more.
1. Disabled Veteran Benefits are Increasing for 2022
For 2022, VA disabled veteran benefits are rising by 5.9% to keep in line with inflation and the rising costs of living. This is a massive increase in comparison to 2021 which was 1.9%. In terms of previous years, this increase is the highest increase for over 10 years.
Depending on your VA rating or grading this will have an effect on your weekly amount. For example, if you’re a veteran only with a 10% grading, you’ll receive a weekly amount of $152.64 instead of the $144.14 you were receiving in 2021.
Make sure to check your veteran benefits by state, as this can depend on where you live.
2. Take Advantage of Veteran Loans and Resources
It’s no secret that veterans can struggle to readjust and fit back into society when they leave the army. Research indicates that 1 in 5 army veterans can struggle with alcohol or drug issues after leaving the army.
This is why it’s important to know about all the veteran resources and benefits that veterans can use after they return to civilian life. This infrastructure and support are critical to ensure a smooth integration, from what’s a massive life change and adjustment.
Mental health resources are available for veterans for a whole variety of conditions as well as a free helpline that veterans can contact 24 hours a day.
It’s possible to receive free counseling, free treatment, and free care plans to ensure you’re getting all the support you need.
This is the same when it comes to loans for construction and ways to build your home. Certain companies will offer veterans loans for them to access all the money they need for their dream home.
It’s offered in installments once you’re home is completed and is a great way for veterans to get on the property ladder. If you want to find out more about VA construction loans, click the link to learn more.
3. A Change in Your Family Status Can Affect Your Payment
It’s essential that you keep the VA up to date with your personal circumstances and your dependants.
This might be, for example, a marriage, divorce, death, or birth, a parent moving in, or a child turning 18. The VA can also backdate payments if there’s a delay in your status, meaning you can receive a sum for the amount you are owed.
It’s important to consider that veteran spousal benefits can add hundreds of dollars to your check every month, as well as children and dependents.
Parents can be considered dependents if the veteran provides more than 50% of their support.
Veteran Benefits Guide for 2022
We hope this veteran benefits guide has helped you with all the information you need for 2022.
Miltary benefits and systems are always changing. Make sure you keep up to date with the changes and get the benefits you’re entitled to.
If you enjoyed this article and want to read more like it, check out our other blog posts!