VA Claim Pros

Medical Strategies For Veterans To Achieve Financial Freedom

4 Minute Read

Financial freedom means different things to different people, but for Veterans who have sacrificed so much to secure the freedoms that we enjoy every day, it’s especially empowering.

What is Financial Freedom? 

Financial freedom means you are in the driver’s seat with your finances. You have money in the bank, make investments, and have cash on hand to afford the kind of life you envision for yourself and your family.

Simply put: Your money is working for you rather than the other way around.

How VA Benefits Can Help Veterans Reach This Goal

Often, Veterans return from service, and they do not pursue any kind of claim with the VA. Either they are not sure how the process works or are unaware that over time, the injuries or disabilities they are experiencing may get more pronounced, requiring medical or psychological attention. These disabilities can be related to their military service, potentially being a service-connection for VA disability benefits.

Veterans who do pursue claims for disability benefits are often frustrated by feeling that they are either:

  • Underrated
  • Wrongfully denied benefits
  • Wrongfully denied appeals

Who Is Eligible for Disability from the VA and How Long After Serving Can You File?

  • A Veteran can file a claim up to 180 days before leaving the service.
  • A Veteran may be able to get benefits if an illness that’s at least 10% disabling appears within 1 year after discharge and both of these requirements are met:
  • The illness is listed in Title 38, Code of Federal Regulation, 3.09(a), and
  • You didn’t receive a dishonorable discharge
    1. See Title 38, Code of Federal Regulation, 3.09(a) for the complete list of covered illnesses
    2. Postservice Claim
    3. There’s no time limit on filing a postservice claim. But you should know that the process may become more complex the longer you wait.

Three Reasons Why a Firm that Specializes in Medical Evidence for Veterans Can Help You

  1. Comprehensive Medical Consulting that VSOs Don’t Often Provide
The world of VA benefits can be a complicated terrain. For example, did you know that multiple ratings can be awarded for a single disability depending on the severity? PTSD can be rated at 0%, 30%, 50%, 70% or 100%. VSOs have a wealth of knowledge, but they may not be able to explain what medical evidence is needed to medically and ethically qualify for a 30% rating vs. a 70% rating. The education and support Veterans get from a company specializing in evidence-based medical evidence allows them to support their claim with details, data, and research for a VA C&P examiner to use in their evaluation to help ensure that all the medical facts are considered. While VSOs are accredited VA agents assisting Veterans with claims, they typically do not have the background and medical experience to provide an independent evaluation of medical and service records to develop medical opinions and NEXUS Letters.

2. NEXUS Connections

Establishing NEXUS connections is critical. The disabilities a Veteran suffers and how that disability developed are unique to them. Understanding how symptoms that can be affected by other injuries or disabilities related to military service records and events is a bit like putting a puzzle together — this is where it helps when a professional medical consultant is at the helm. With the proper medical evidence, a Veteran can link disabilities back to his or her active duty service to establish the VA’s required NEXUS (also know as service-connection). Once a Veteran is service-connected, even at 0%, it opens up avenues for secondary conditions that many veterans may overlook or are unaware of. These other disabilities are linked to the primary service-connected disability(s). Having a professional medical consultant on your side can help evaluate if there are disabilities connected.

3. Continued Support

When you work with a reputable company to help you with the medical evidence development process, it continues even after you receive your medical evidence. This includes answering additional questions as they come up and providing education around medical evidence required per the 38CFR. Hence, Veterans have a complete understanding of their medical evidence and how to ensure they qualify for the most accurate rating their conditions warrant. After your first round of claims, medical consultants can help strategize developing medical evidence for other benefits a Veteran may medically and ethically qualified for.

Maximizing What You’ve Got

  Remember, disability benefits received from the VA should not be included in your gross income. They are not taxed.  There are several ways you can work toward achieving financial freedom once you have regular monthly benefits coming in. Good financial practices can be learned. Here is a list of 4 things you can do to pave the way for financial security:
  1. Pay Down Debt
Credit cards and loans with high-interest rates will keep you locked into a vicious cycle of paying interest, rather than paying off the principal. This government agency helps Veterans and their families overcome unique financial challenges by providing educational resources, monitoring complaints, and working with other agencies to solve problems faced by service members. Your monthly disability compensation can go directly to paying down debt, enabling you to pay down large chunks, rather than minimum payments. Another upside is that when you pay more than the minimum monthly payment, this helps raise your credit score.

2. Track Your Spending

Tracking your spending is essential to getting a handle on where your money is going. There are lots of apps out there to help you. Like Mint, for example, which tracks how much money is in your accounts, how much debt you have, and tells you how much money you’re spending, and which categories you’ve overspent in.

3. Pay Yourself First

Here’s why: Paying yourself first means putting a set amount of money into your savings account before paying anything else, such as bills. The simple act of consistently paying yourself first has helped countless people inch closer to achieving their financial goals.

4. Spend Less

Billionaire Warren Buffett is famous for his frugality. He lives in a quiet neighborhood of Omaha, Nebraska, in a house that he bought for $31,500 in 1958 (about $250,000 in today’s dollars). It’s now worth an estimated $652,619. Could he live in a bigger house? He could buy an island and live on it if he wanted to! But he chooses to live there because it’s a nice house, and he and his family are happy there. Strategies for life after military service are essential because the choices you make today can pave the way for a brighter future. If there are benefits you are medically and ethically entitled to due to service-connected disability, don’t shortchange yourself, or your family’s future. Secure your benefits, take ownership of your finances, and, more importantly, your life.

Keep going from where you left off!

Complete your FREE Medical Evaluation
to maximize disability benefits for your VA claim
with supporting medical evidence.

Read this before you start the Medical Self-Assessment

You’ve taken the next step in making sure you’re receiving all the VA disability benefits you medically ethically deserve.

After all, you’re the only person who can truly take responsibility for yourself!

The Medical Self-Assessment (based on C&P examination guidelines) helps our team better understand your situation and potentially uncover missing additional disability benefits you may not know about.

After you submit the Medical Self-Assessment, a Claims Strategy Advisor will contact you to verify the information before it is sent to our team where your initial strategy will be developed for you to discuss with a Claims Strategy Advisor.

Some key tips before you begin...
  1. It will take 20-30 minutes to complete the assessment, so please make sure you set this time aside.
  2. There are no right or wrong answers, so answer all the questions the best you can.
  3. Depending on your information, we may request additional information for our team to complete your initial strategy.

Begin Your Medical Self-Assessment Here

CALL US NOW if you would like to complete your evaluation
by phone or have any questions before starting.