What are the differences between special monthly compensation and regular monthly compensation?

Special Monthly Compensation (SMC) and Regular Monthly Compensation (RMC) are two types of disability payments administered by the U.S. Department of Veterans Affairs (VA). Both types of compensation are available to veterans who have service-connected disabilities. However, there are some key differences between them. Regular Monthly Compensation is intended to provide compensation for certain medical expenses and lost wages resulting from a service-connected disability. The amount of compensation is based on the degree of disability and the number of dependents the veteran has, and is typically paid out in monthly installments. Special Monthly Compensation, on the other hand, is designed to provide compensation for more serious disabilities, such as the loss or use of a limb, and is also geared towards covering additional living expenses such as custodial care and home repair costs. The amount of compensation is based on the veteran’s disability rating, as well as any additional expenses associated with the disability. Overall, the main difference between SMC and RMC is that the former is intended to provide additional compensation for more serious disabilities, while the latter is meant to compensate veterans for medical expenses and lost wages associated with service-connected disabilities. Both types of compensation are important for helping veterans in New Jersey access the benefits they deserve.

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What are the differences between special monthly compensation and regular monthly compensation?

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