Veterans Benefits Administration

Last updated
United States
Veterans Benefits Administration
US Veterans Benefits Administration logo stacked.png
Veterans Administration Building - Washington, D.C.jpg
Department of Veterans Affairs Headquarters in Washington, D.C.
Agency overview
FormedJuly 21, 1930;93 years ago (1930-07-21)
(Cabinet rank 15 March 1989)
Preceding agency
  • Veterans Administration
Jurisdiction Federal government of the United States
HeadquartersVeteran Affairs Building
810 Vermont Avenue NW., Washington, D.C., United States
38°54′3.25″N77°2′5.37″W / 38.9009028°N 77.0348250°W / 38.9009028; -77.0348250
Employees27,000 (Est)
Annual budget$110 billion (2020)
Agency executives
Child agencies
Website va.gov/benefits

The Veterans Benefits Administration (VBA) is an agency of the U.S. Department of Veterans Affairs. It is responsible for administering the department's programs that provide financial and other forms of assistance to veterans, their dependents, and survivors. Major benefits include Veterans' compensation, Veterans' pension, survivors' benefits, rehabilitation and employment assistance, education assistance, home loan guaranties, and life insurance coverage.

Contents

VBA's Mission

The mission of the Veterans Benefits Administration, in partnership with the Veterans Health Administration and the National Cemetery Administration, is to provide benefits and services to the veterans and their families in a responsive, timely and compassionate manner in recognition of their service to the Nation.

and

... to care for him who shall have borne the battle and for his widow and his orphan ...

Programs Administered by VBA

VBA is one of three administrations falling under the Department of Veterans Affairs' larger umbrella. Along with the Veterans Health Administration and the National Cemetery Administration, VBA is responsible for administering VA's extensive non-medical benefits. According to VA's 2010 Organizational Briefing Book, VBA is further subdivided into business lines covering specific benefits:

Compensation and Pension Service

Compensation and Pension Programs provide direct payments to Veterans, dependents, and survivors as a result of the veteran's service-connected disability or because of financial need.

Education Programs

Education Programs provide resources to Veterans, servicepersons, reservists, and certain Veterans' dependents to help with readjustment and restore educational opportunities lost because of service to the country, to extend benefits of higher education to qualified persons who may not otherwise be able to afford it, to aid in military recruitment and the retention of highly qualified personnel, to encourage membership in the Selected Reserve, and to enhance the national workforce. Details may be found at www.gibill.va.gov.

Insurance Programs

The Insurance Programs were created to provide life insurance at a "standard" premium rate to members of the armed forces who are exposed to the extra hazards of military service. Veterans are eligible to maintain their VA life insurance following discharge. In general, a new program was created for each wartime period since World War I. There are four life insurance programs that still issue coverage as well as a program of traumatic injury coverage:

Loan Guaranty

The Loan Guaranty Program provides assistance to Veterans, certain spouses, and service members to enable them to buy and retain homes. Assistance is provided through VA's partial guaranty of loans made by private lenders in lieu of the substantial down payment and private mortgage insurance required in conventional mortgage transactions. This protection means that in most cases qualified Veterans can obtain a loan without making a down payment. Also, the Loan Guaranty Program offers the following:

Veteran Readiness and Employment

The Veteran Readiness and Employment (VR&E) Program is authorized by Congress under Title 38, USC, Chapter 31 and Code of Federal Regulations, Part 21. It is sometimes referred to as the Chapter 31 program. This program assists Veterans with service-connected disabilities to prepare for, find, and keep suitable jobs. For Veterans with service-connected disabilities so severe that they cannot immediately consider work, this program offers services to improve their ability to live as independently as possible. Services that may be provided by the VR&E Program include:

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References

  1. Associated Press. "Congress approves inflation increase for veterans". AP. Retrieved 16 September 2014.