Think you know all there is about military benefits? Think again! While you may have the basics down, a whole world of extra perks is waiting to be discovered. From education and career advancements to financial boosts and unique travel opportunities, these benefits can make your military life smoother and more rewarding.
Boost Your Education and Career
Did you know the My Spouse Career Advancement Account (MyCAA) can provide up to $4,000 for your education? It’s not just for beginners; even experienced spouses can use this to get certifications or licenses in fields like healthcare or IT. This financial help covers tuition and books, making it easier to reach your career goals without breaking the bank.
The DoD SkillBridge program offers hands-on experience through internships and apprenticeships. Whether switching careers or enhancing your skills, this program connects you with companies looking for unique talents. It’s a great way to prepare for life after military service.
The GI Bill is a well-known benefit that provides financial support for education and housing. The Post-9/11 GI Bill, in particular, covers full tuition for in-state public colleges, offers a monthly housing allowance, and provides a stipend for books and supplies. It’s a fantastic resource for veterans and their families.
There are also scholarships specifically for the children of service members. Programs like the Fisher House Foundation’s Scholarships for Military Children and the ThanksUSA Scholarship Program can help cover college costs. Be sure to explore these options to reduce the financial burden of higher education.
Maximize Your Finances and Housing
The Thrift Savings Plan (TSP) is more than a retirement plan. It offers various investment funds, including Lifecycle Funds, which automatically adjust based on your retirement timeline. For those looking ahead, the Roth TSP option can be a smart choice if you expect a higher income in retirement. By planning your finances with TSP, you can feel secure about your future financial stability.
You already get your BAH, but do you know about COLA? The Cost of Living Allowance can help balance expenses if your latest PCS took you to a high-cost area.
VA Home Loans offer great home financing terms, like no down payment and lower interest rates. This benefit is available to veterans, active-duty service members, and eligible surviving spouses. It’s a wonderful way to become a homeowner without saving 20% for a downpayment.
Temporary Lodging Allowance (TLA) helps cover the cost of temporary lodging and meals during Permanent Change of Station (PCS) moves. This benefit ensures you have a place to stay while finding permanent housing. To get reimbursed, just keep your receipts and follow the guidelines.
You can enhance your education, career, and financial well-being by taking advantage of these military benefits.
Health and Wellness Perks
TRICARE offers more than just basic healthcare for military families. For instance, it covers chiropractic care for active-duty families. It provides special services through the Extended Care Health Option (ECHO) program. ECHO includes equipment, therapy, and even respite care for family members with unique needs.
Military OneSource is like a one-stop shop for support. It offers free, confidential counseling for issues like stress or family challenges. This service is great for when you need someone to talk to, and it also provides guidance on topics like special needs, adoption, and elder care.
Along with medical coverage, TRICARE offers dental and vision plans. The TRICARE Dental Program covers a wide range of dental care, while the TRICARE Vision Plan includes routine eye exams and discounts on glasses and contacts. Enrolling in these plans ensures all your family’s healthcare needs are covered.
Unique Benefits and Perks
Space-Available (Space-A) travel is a unique perk that lets you and your family fly on military aircraft. It’s not just for active-duty members; families can use it, too. Knowing the best times to fly and understanding the priority categories can make your travel plans smoother and more enjoyable.
Morale, Welfare, and Recreation (MWR) programs offer a variety of fun activities and discounts. From discounted tickets to theme parks to equipment rentals and classes, MWR has something for everyone. These programs often include deals with local businesses. If you’re stationed overseas, MWR can offer cultural tours and events to help you make the most of your time abroad.
Tips for Maximizing Your Benefits
The National Defense Authorization Act (NDAA) reviews military funding each year, impacting your benefits. It influences everything from BAH to COLA. Staying informed about changes in the NDAA is crucial. By staying on top of these changes, you can ensure you’re always making the most of the benefits available to you, empowering you to take control of your military journey.
Keep detailed records of your service, including orders, pay stubs, and medical records. These documents are often needed when applying for benefits. Having them organized and easily accessible can streamline the process and prevent delays.
Military installations offer various resources to help you understand and apply for benefits. Family support centers, financial counseling services, and education offices are great places to get personalized help. Don’t hesitate to use these resources.
Some benefits have deadlines or limited funds. Applying early increases your chances of getting the help you need. Start the application process immediately and ensure all your paperwork is complete.
Navigating the benefits system can be tricky. Financial advisors, legal counselors, and veteran service organizations can provide expert advice. They can help you understand your options and make sure you’re getting the most out of your benefits. No matter how long you’ve been part of the military community, new benefits always exist. Whether you’re looking to advance your career, manage your finances, or simply enjoy some unique perks, there’s something here for you. Keep exploring and take advantage of these opportunities—they’re designed to support and enrich your military journey.