Did You Know About These 10 Secret Veterans Benefits? Explore Our Guide On How Veterans Save!
Many veterans and their families are unaware of the full range of benefits available to them. From healthcare assistance to financial savings, these little-known programs can make a big difference in your quality of life. Here are 10 veteran benefits that can help you save money and access valuable support.
1. VA Healthcare Benefits
Many veterans qualify for free or low-cost healthcare through the Department of Veterans Affairs (VA). This includes medical, dental, vision, mental health services, and prescription drug coverage.
2. Special Monthly Compensation (SMC)
SMC provides additional payments to veterans with severe disabilities, such as loss of a limb or needing aid for daily activities. Many veterans qualify but don’t apply.
3. Veterans Pension Program
Low-income wartime veterans may be eligible for monthly pension payments. This is different from VA disability benefits and can be a crucial financial lifeline.
4. VA Home Loans and Mortgage Assistance
Veterans can buy a home with no down payment and no private mortgage insurance (PMI). Additionally, veterans struggling with mortgage payments may receive financial assistance.
5. Veteran Spouse & Dependent Benefits
Spouses and dependents of veterans may qualify for education assistance, healthcare, and survivor benefits. The Dependency and Indemnity Compensation (DIC) program provides monthly payments to eligible survivors of service members who died in the line of duty.
6. Property Tax Exemptions
Many states offer property tax reductions or full exemptions for disabled veterans. This can save thousands of dollars annually.
7. Life Insurance Benefits
The VA offers affordable life insurance programs, such as Servicemembers' Group Life Insurance (SGLI) and Veterans’ Group Life Insurance (VGLI). Veterans who left the military recently can convert their SGLI to VGLI without a medical exam.
8. Education and Training Assistance
Beyond the GI Bill, the VA offers programs like the Veteran Employment Through Technology Education Courses (VET TEC), which provides funding for technology-based career training.
9. Social Security Disability Payments
Veterans with service-connected disabilities may qualify for expedited processing of Social Security Disability Insurance (SSDI) claims. This means you can receive benefits faster than the average applicant.
10. Veterans Assistance Programs for Everyday Savings
Many businesses offer veteran discounts on travel, retail, dining, and entertainment. Additionally, the VA partners with organizations that provide free financial counseling, career coaching, and legal assistance.
