Effective next January, Veterans receiving disability benefits will see their checks increase by 2.63%. This increase is an estimate based on current economic data with the official announcement coming December 1, 2024. However, the final percentage could be slightly lower if inflation continues to slow down.
The change in rate is based on the COLA (Cost of Living Adjustment) and is designed to help your benefits keep pace with inflation. It’s based on changes in the Consumer Price Index (CPI), which measures the cost of goods and services like food, housing, and healthcare.
While 2.63% might seem modest compared to recent years, it represents the government’s ongoing commitment to maintaining the value of Veterans’ benefits in the face of economic changes.
Your monthly payment depends on several factors:
For Veterans with multiple service-connected disabilities, the VA uses a combined ratings table. This can result in a higher overall rating and increased compensation.
Understanding how your benefits are calculated and adjusted can help you better plan for your financial future. You can learn more about how the VA combines ratings by watching the quick video below.
*Official and final figures will be announced and finalized on December 1, 2024.
Below are the 2024 Disability Pay Rates for comparison:
Many veterans are frustrated because they feel that they have been underrated by the VA. In addition, many service-related conditions such as chronic back pain, hearing loss, post-traumatic stress disorder (PTSD), or traumatic brain injury (TBI), may not show up until after active service has ended, placing veterans outside the normal timeframe for applying for disability compensation.
Tucker Disability Law has helped veterans increase their VA disability rating for over 30+ years and can help you too. If you feel that your disability rating should be higher, or if you’ve been denied a VA claim in the past, we would be happy to discuss your case with you.
Veterans who have applied for disability and had their claim denied, have the right to file an appeal. Veterans with preexisting conditions that were worsened by their time in service, or who develop service-connected disabilities after their military service, may also apply for benefits.
If you’re frustrated with your rating, Tucker Disability Law can help you get the benefits you deserve. Contact us for a consultation about your specific situation.
Lorem ipsum dolor sit amet consectetur adipisicing elit sed do eiusm
Error: Contact form not found.
Registration #27-2792708