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Service-disabled veterans insurance premiums Form: What You Should Know
To apply, you must be a veteran receiving disability benefits under VA health care benefits, or you must have retired before Jan 1, 2001. Eligibility. A service-Disabled veteran is at least 62 (and under age 75) and has been receiving disability compensation as an eligible reserve. To find out if you qualify, contact the office in your state (or call the National S-DVI Website). What are the benefits? In the U.S., S-DVI benefits are provided by the U.S. Treasury using federal tax withholding (or credit) rules, and may include compensation for: Disability-related pain and suffering. Dependency and related income. Compensation for physical and mental condition(s). Survivor expenses for dependents (who are not living with a veteran). Disability-related death benefits. These benefits are not taxable. To take benefits and claim benefits, you must file a Form 2555, Claim for Disability. Benefits are payable over a period of 30 years. You must provide evidence and documentation (e.g., a doctor's statement) to prove your disability. After your disability date, you must wait another 30 years before you can apply again. If a veteran's disability lasts for a longer period of time, the veteran may have to repay any amounts already paid before they leave the service. A service-disabled veteran is retired (or on leave from active duty) on or after Jan 1, 1981. What is paid in S-DVI Benefits? The amount of benefits payable in S-DVI will be different, depending on your age and your total service time, as listed below: If your age is 75 or older when you receive S-DVI benefits, the monthly payment you receive will be 60 per month. If your age is not 75 or older when you receive S-DVI benefits, the monthly payment you receive will be dependent on your age and the amount of your benefits paid.
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