10% ^^r °' "'^'^' Anfe, p. 5 04.
PUBLIC LAW 88-664-OCT. 13, 1964
[78 STAT.
^^^' ^- Section 612 of title 38, United States Code, is amended by adding at the end thereof the following new subsection: " (h) Any veteran who as a veteran of World W a r I, World W a r II, or the Korean conflict is receiving increased pension under section Ante, p. 1095. 521(d) of this title based on need of regular aid and attendance may be furnished drugs or medicines ordered on prescription of a duly licensed physician as specific therapy in the treatment of an illness or injury suffered by the veteran." benefur"°" "^ ^^^' ^' S^^^ion 3104(a) of title 38, United States Code, is amended T2 Stat. 12 30. by inserting "or concurrently to any person based on the service of any other person" immediately before the period at the end thereof. SEC. 10. I n computing the income of persons whose pension eligibility is subject to the first sentence of section 9(b) of the Veterans 38 USC 5*21^' Pension Act of 1959, there shall be excluded 10 per centum of the note. amount of payments received under public or private retirement, annuity, endowment, or similar plans or programs. Effective date. gj,^^ ^l. (a) Exccpt as otherwisc provided herein, this Act shall take effect on January 1, 1965. (b) The amendment to paragraph (6) of section 503, title 38, Ante, p. 1094. United States Code, shall not apply to any individual receiving 38 USC 501 pension on December 31, 1964, under chapter 15 of said title, or subse562 quently determined entitled to such pension for said day, until his contributions have been recouped under the provision of that paragraph in effect on December 31, 1964. National Serv SEC. 12. (a) Subchapter I of chapter 19 of title 38, United States ice Life Insur ance. Code, is amended by adding at the end thereof the following new ^^38 USC 701section: "§ 725. Limited period for acquiring insurance " (a) Any person (other than a person referred to in subsection (f) Post, p. 1098. Qf ^i^ig section) heretofore eligible to apply for National Service Life Insurance after October 7, 1940, and before January 1, 1957, who is found by the Administrator to be suffering (1) from a service-connected disability or disabilities for which compensation would be payable if 10 per centum or more in degree and except for which such person would be insurable according to the standards of good health established by the Administrator; or (2) from a non-service-connected disability which renders such person uninsurable according to the standards of good health established by the Administrator and such person establishes to the satisfaction of the Administrator that he is unable to obtain commercial life insurance at a substandard rate, shall, upon application in writing made within one year after the effective date of this section, compliance with the health requirements of this section and payment of the required premiums, be granted insurance under this section. "(b) If, notwithstanding the applicant'service-connected disability, he is insurable according to the standards of good health established by the Administrator, the insurance granted under this section shall be issued upon the same terms and conditions as are contained in the standard policies of National Service Life Insurance except (1) five-year level premium term insurance may not be issued; (2) the net premium rates shall be based on the 1958 Commissioners Standard Ordinary Basic Mortality Table, increased at the time of issue by such an amount as the Administrator determines to be necessary for sound actuarial operations, and thereafter such premiums may be adjusted as the Administrator determines to be so necessary but at intervals of not less than two years; (3) an additional premium to cover administrative costs to the Government as determined by the Administrator at times of issue shall be charged for insurance issued under this subsection and for any total disability income provision attached thereto, and thereafter such costs may be adjusted as the Administrator determines to be necessary but at intervals of not less icines.
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