As we wrap up 2022, brand-new ventures will take effect in 2023 for veterans receiving compensation benefits. Beginning on January 1, 2023, the monthly payments approved by Veterans Affairs will see an 8.7% increase. See Cost-of-Living Adjustment (COLA) Information for 2023 through this. See Cost-of-Living Adjustment (COLA) Information for 2023 through this link.
But what will the 2023 VA disability rates entail? As a company that helps you claim your VA benefits, if you are a veteran or supporting a loved one, this blog will benefit you. We have taken the initiative to provide you with the best service with our VA rating calculator aligned with the updated VA disability rates and VA compensation rates for 2023. But what are the benefits that are affected by the recent increase?
Pay increase for Veterans in receiving VA compensation
The increase has an effect on the updated VA disability rating for veterans who were injured while serving in the military or by any other form of exposure that may have exacerbated the condition. It is a tax-free payment exclusive to veterans.
This increased VA disability pay is solely dependent on your VA disability rating. It is important to note that veterans with ratings of 10%–20% do not receive extra compensation for dependents.
Here is the official and final figure for veterans with no children:
VA Disability Rating of 30% – 60% without children
| Dependent Status | 30% | 40% | 50% | 60% |
| Veteran Alone | $508.05 | $731.86 | $1,041.82 | $1,319.65 |
| Veteran with Spouse Only | $568.05 | $811.86 | $1,141.83 | $1,440.65 |
| Veteran with Spouse & One Parent | $616.05 | $875.86 | $1,222.82 | $1,537.65 |
| Veteran with Spouse and Two Parents | $664.05 | $939.86 | $1,303.82 | $1,634.65 |
| Veteran with One Parent | $556.05 | $795.86 | $1,122.82 | $1,416.65 |
| Veteran with Two Parents | $604.05 | $859.86 | $1,203.82 | $1,513.65 |
| Additional for A/A spouse | $56.00 | $74.00 | $93.00 | $111.00 |
VA Disability Rating of 70% – 100% without children
| Dependent Status | 70% | 80% | 90% | 100% |
| Veteran Alone | $1,663.06 | $1,933.15 | $2,172.39 | $3,621.95 |
| Veteran with Spouse Only | $1,804.06 | $2,094.15 | $2,353.39 | $3,823.89 |
| Veteran with Spouse and One Parent | $1,917.06 | $2,223.15 | $2,498.39 | $3,985.96 |
| Veteran with Spouse and Two Parents | $2,030.06 | $2,353.15 | $2,643.39 | $4,148.03 |
| Veteran with One Parent | $1,776.06 | $2,062.15 | $2,317.39 | $3,784.02 |
| Veteran with Two Parents | $1,889.06 | $2,191.15 | $2,462.39 | $3,946.09 |
| Additional for A/A spouse | $130.00 | $148.00 | $167.00 | $185.21 |
Here is the official and final figure for veterans with children:
VA Disability Rating of 30% – 60% with children
| Dependent Status | 30% | 40% | 50% | 60% |
| Veteran with Child OnlyVeteran with Spouse and Child | $548.05 | $785.86 | $1,108.82 | $1,400.65 |
| Veteran with Spouse and Child | $612.05 | $870.86 | $1,215.82 | $1,528.65 |
| Veteran with Spouse, One Parent and Child | $660.05 | $934.86 | $1,296.82 | $1,625.65 |
| Veteran with Spouse, Two Parents and Child | $708.05 | $998.86 | $1,377.82 | $1,722.65 |
| Veteran with One Parent and Child | $596.05 | $849.86 | $1,189.82 | $1,497.65 |
| Veteran with Two Parents and Child | $644.05 | $913.86 | $1,270.82 | $1,594.65 |
| Add for Each Additional Child Under Age 18 | $30.00 | $40.00 | $50.00 | $60.00 |
| Each Additional Schoolchild Over Age 18 | $97.00 | $129.00 | $162.00 | $194.00 |
| Additional for A/A spouse | $56.00 | $74.00 | $93.00 | $111.00 |
VA Disability Rating of 70% – 100% with children
| Dependent Status | 70% | 80% | 90% | 100% |
| Veteran with one Child (no spouse and no parents) | $1,757.06 | $2,041.15 | $2,293.39 | $3,757.00 |
| Veteran with Spouse and Child (no parents) | $1,907.06 | $2,212.15 | $2,486.39 | $3,971.78 |
| Veteran with Spouse, One Parent and One Child | $2,020.06 | $2,341.15 | $2,631.39 | $4,133.85 |
| Veteran with Spouse, Two Parents and Child | $2,133.06 | $2,470.15 | $2,776.39 | $4,295.92 |
| Veteran with One Parent and Child | $1,870.06 | $2,170.15 | $2,438.39 | $3,919.07 |
| Veteran with Two Parents and Child | $1,983.06 | $2,299.15 | $2,583.39 | $4,081.14 |
| Add for Each Additional Child Under Age 18 | $70.00 | $80.00 | $90.00 | $100.34 |
| Each Additional Schoolchild Over Age 18 | $226.00 | $259.00 | $291.00 | $324.12 |
| Additional for A/A spouse | $130.00 | $148.00 | $167.00 | $185.21 |
Beneficiaries receiving Dependency and Indemnity Compensation (DIC) will also experience the increase. DICs are also tax-free for the surviving spouse, children, or parents of a service member who lost their life in the line of duty.
Benefit payments for recipients of special benefit allowances, such as automobile allowance, clothing allowance, and Medal of Honor pension, will be increased as well.
Eligibility for additional benefits for veterans is also possible if they have a large number of dependents, have lost a limb or suffered a severe injury, or have a disabled spouse.
It should be noted that this benefit is temporary and may be subject to change. On a broader scale, the VA reserves the right to change its rating schedule at any time. Still, it may also reexamine your individual claim to determine whether your disability has improved or worsened, affecting your benefit amount. In the latter case, you should initiate the review yourself to ensure they receive a higher benefit for a more severe disability.
SSA increases COLA adjustments
The increase in VA disability rates in 2023 is based on the Social Security Administration’s (SSA) Cost of Living Adjustment, rising inflation, and the increasing prices of goods, gas, and other commodities. SSA specifies a formula to finalize a decision for each COLA.
The COLA’s purpose is to protect Social Security and Supplemental Security Income purchasing power against inflation.
About COLA
A COLA increases a person’s Social Security retirement benefit by the product of the COLA and the amount of the benefit. The precise computation, however, is more challenging.
Each Social Security benefit is based on a “primary insurance amount,” or PIA, which is directly tied to the primary beneficiary’s earnings through the benefit formula.
COLAs are based on increases in the Consumer Price Index for urban wage earners and clerical employees (CPI-W). The Bureau of Labor Statistics then computes monthly CPI-Ws.
Getting help with Claims and Appeals
Veterans may seek the assistance of an accredited attorney, claims agent, or Veterans Services Officer for their claims or appeals. Just4Veterans is here to assist you with your VA disability claim application.
After you served our country, it is now our turn to serve you. If you have any further questions, please email us at [email protected] or book a strategy call here.