The Veterans Administration offers a wide range of benefits, such as disability compensation, college tuition payments and life insurance. The range of benefits available depends on a veteran's time in service and whether or not he has a qualifying disability.
Disability compensation is a benefit provided to veterans who have a disease or injury incurred or aggravated during active military service. It is usually paid monthly and varies with the severity of the health issue. Free or low-cost medical treatment is also usually included. Dependency and indemnity compensation is paid to certain surviving spouses, children or parents of veterans who died while on duty or as a result of service-connected disabilities. Veterans with disabilities may also be eligible for housing grants and various forms of insurance.
Educational benefits for veterans include the GI Bill and a number of scholarships. There are different types of GI Bills, and eligibility depends on length of time served and dates of service. Educational benefits can be used for tuition, fees, books and living expenses.
Pension benefits are available for some low-income veterans that are over the age of 65, totally and permanently disabled, a patient in a nursing home, or those who receive Social Security Disability Insurance or Supplemental Security Income.