VA Disability Payment Schedule for 2023
VA’s 2023 disability payment schedule determines when veterans will receive their monthly VA disability compensation payments. To learn more about when you can expect to receive your VA disability monthly compensation in 2023, continue reading.
What is Monthly VA Disability Compensation?
VA disability compensation is a tax-free monetary benefit paid to veterans with service-connected conditions, meaning medical conditions or disabilities that are linked to the veteran’s military service.
In order to receive disability compensation, veterans need to establish service connection for their condition. Typically, there are three elements to service connection:
- A current diagnosis of a condition by a medical professional;
- An in-service event, injury, or illness; and
- A medical nexus, or link, between the current condition and the in-service event.
When service connection is granted, VA will also assign a disability rating based on the severity of the veteran’s condition. The rating will correspond to the amount of monthly compensation the veteran receives. VA disability ratings range from 0 to 100 percent, in increments of 10, with higher ratings given to more severe conditions. Importantly, 0 percent ratings are non-compensable, meaning veterans will not receive monthly disability pay for conditions with this rating; however, a 0 percent rating can still qualify veterans for other benefits, such as VA health care.
Using VA Math to Determine Your Compensation Rate
Typically, veterans’ disability ratings determine their VA compensation rate. If a veteran has multiple service-connected conditions, their combined disability rating determines their monthly compensation rate.
Combined disability ratings are calculated by adding together the disability ratings of each individual service-connected condition using VA math. Since VA math can be confusing and challenging, CCK developed a VA disability calculator to help veterans more easily calculate their combined ratings.
Additional Compensation Benefits for Service-Connected Veterans
Veterans with a combined rating of 30 percent or higher and qualifying dependents may also be eligible for additional compensation. Qualifying dependents include:
- A spouse
- Dependent parents
- Children under the age of 18
- Children between the age of 18 and 23 who are in school
Monthly compensation amounts based on dependent status can be found using our 2023 VA Disability Pay Chart.
VA Disability Compensation Rates for 2023
Each fiscal year, the Social Security Administration (SSA) sets a cost-of-living adjustment (COLA) which VA then uses to adjust VA disability compensation rates. The 2023 cost-of-living adjustment is 8.7 percent. This means veterans can expect a significant increase in 2023 VA disability rates and monthly compensation.
This increase will be the largest since 1981. The new compensation rates are listed below:
|Combined VA Rating||2023 VA Compensation Rates (8.7% increase)||2022 VA Compensation Rates||2021 VA Compensation Rates|
VA Disability Payment Schedule for 2023
Disability benefits for a certain month are usually paid on the first business day of the following month. If the first business day of the month falls on a holiday or weekend, benefits will be paid on the last business day of the preceding month.
Below is the expected 2023 payment schedule:
|Month||Payment Date||Day of Week|
|January 2023||February 1st||Wednesday|
|February 2023||March 1st||Wednesday|
|March 2023||March 31st||Friday|
|April 2023||May 1st||Monday|
|May 2023||June 1st||Thursday|
|June 2023||June 30th||Friday|
|July 2023||August 1st||Tuesday|
|August 2023||September 1st||Friday|
|September 2023||September 29th||Friday|
|October 2023||November 1st||Wednesday|
|November 2023||December 1st||Friday|
|December 2023||December 29th||Friday|
Do You Need Help Appealing Your VA Decision?
If you received an unfavorable decision from VA, our team at Chisholm Chisholm & Kilpatrick may be able to help you. Our team has decades of demonstrated success helping veterans build their appeals for increased ratings, earlier effective dates, and more. For a complimentary consultation, call our office today.
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