Payback Deadline for Deferred Social Security Tax Extended With the passing of the Consolidated Appropriations Act of 2021 just last week, the major change affecting service members, federal employees, and their families is the extension for repayment of deferred payroll taxes. Effective September 1, 2020 through a presidential order, military and federal employees’ paychecks presented… Read more »
Military benefits changes that have been announced so far for TRICARE, military pay, BAH, BAS and more. We will update you as new changes to your military benefits for 2021 are announced.
On Aug 11, Veterans Advantage announced a partnership with Legacy, an international company specializing in male fertility, to offer a 25% discount on their core products which can help our nation’s veterans protect their opportunity for future parenthood. Male fertility can be impacted by one’s lifestyle, and we know that life in the military is not easy. Taking steps to improve and preserve fertility is important as many couples are waiting longer to have children.
There has been a ton of activity on Capitol Hill over the past week dealing with legislation and bills that may directly affect you, our nation’s military community. Here’s a quick round-up for you.
TRICARE beneficiaries in select states who have a documented diagnosis of low back pain will receive three free physical therapy visits. The goal of the demonstration is to determine whether waiving physical therapy cost-sharing will incentivize more beneficiaries to attend physical therapy, which may in turn reduce overall healthcare costs and improve patient outcomes.
Two Veteran-Supporting Laws Signed By President In August, President Donald Trump signed two pieces of legislation that will support veterans. One will broaden options for those caught within the legal system and the other will expand a home renovation grant program for veterans who are disabled and blind. The Veteran Treatment Court Coordination Act The… Read more »
Process Change for Student Survivor Benefit Plan The Department of Defense announced an updated process for child beneficiaries of the Survivor Benefit Plan (SBP) when verifying that they are a full-time student. The SBP annuity is paid to the dependents of fallen service members or deceased military retirees. Payments usually stop when the dependent reaches… Read more »
More than the GI Bill: College Bound, Service Member Financial Tips With a little planning you can stretch the GI Bill into a graduate degree. Here are a few tips that should help you create a five-year plan to get you through one enlistment and in to college. There are tips spanning those looking to… Read more »
Photo: Stadtbibliotheck in Stuttgart, Germany (image by Chelsea Bostelman) Did You Know About These Library Perks for the Military? Every April, libraries and library workers are celebrated during National Library Week. When is the last time you visited a library? For good reason, books come to mind for most people when thinking of libraries. But… Read more »
Two Republican lawmakers, Rep. Mac Thornberry (R-TX), ranking member of the House Armed Services Committee, and Rep. Trent Kelly (R-MS), ranking member of the Subcommittee on Military Personnel released their latest proposal on military family readiness on April 2, 2020. New Military Family Readiness Legislation Proposed Rep Thornberry stated that “Family readiness is a major… Read more »
$1,500 For Childcare Costs From Army Emergency Relief Childcare costs can be a huge drain on your budget. In some cases, the cost of childcare can mean a spouse decides not to pursue their own career. Luckily, a new AER program can help with this. As of February 1, 2020, AER or Army Emergency Relief… Read more »
The latest NDAA should be signed any day now and the latest pay raise should take effect starting Jan 1. However, we have a pretty good idea what the pay raise will be. As such, we present you with the 2021 Military Pay Charts with the anticipated 3% included.
TRICARE and FEDVIP open enrollment season begins Nov 9 and lasts until Dec 14, 2020. This is the time to make any changes to your existing plans without a Qualifying Life Event (QLE). We also list out the most common QLE’s.
Military Benefit Changes For 2020 For the latest military benefit changes for 2021, please go here. Changes announced so far. Please keep checking back, as we will continue updating new changes to your military benefits for 2020. TRICARE Drug Costs To Increase By Over 40% Every year on January 1st, TRICARE has its regular cost… Read more »
You may have heard that TRICARE will give you a free breast pump when you have a baby. But, you might also have some questions about how this all works, what you need to do to get your pump, and any other details about the benefit. Here is what you need to know about getting… Read more »
New TRICARE Coverage for Babies TRICARE has added a new coverage for babies. They will now be covering some or all of the cost of breast milk for those in need of the milk for their new baby. Here is what you need to know: When Will TRICARE Cover the Breast Milk? TRICARE will cover… Read more »
As of March 1st of this year, the Army has suspended its utility billing program for privatized housing units. The program, that started in 2006, was designed to provide incentives to residents in privatized housing to decrease their energy use. The Army would calculate a baseline average usage for housing, and then either send a… Read more »
TRICARE Prime vs Select Trying to decide between TRICARE Prime vs Select? This is a question a lot of military families face. There is always a lot of discussion each winter during the Tricare Open Season concerning the differences between TRICARE Prime vs Select. Here’s the breakdown. TRICARE Open Season “TRICARE Open Season is the… Read more »
The Office of Personnel Management (OPM) announced that they have expanded the list of insurance carriers in Federal Employees Dental and Vision Program (FEDVIP). The number of dental carriers available will increase from 10 to 12, and the number of vision carriers will increase from 4 to 5 in the coming year.
What Is SGLI Coverage? SGLI stands for Servicemembers’ Group Life Insurance. SGLI provides low-cost term life insurance coverage to service members that are eligible. If the service member is eligible, they are automatically issued the maximum in SGLI coverage. They are automatically enrolled and will not have to apply. Service members can however decline the… Read more »
One of the updates from the 2019 National Defense Authorization Act is the ability for disabled veterans to be able to fly using Space-A. Here is some information about this change. Space-A Travel Now Available to Disabled Veterans The veterans will need to have a service-related disability, rated at 100%. These veterans will now be… Read more »