Military service comes with a long list of difficult privileges to match civilian life. Make the most of them to help you succeed in your new job. Military service members receive housing money, subsidized groceries, healthcare, and their bi-monthly income.
Every member of the military is paid a base salary. Depending on deployment, pay grade, and military career, most also earn a range of allowances, special pay, and incentives. Basic Allowance for Subsistence (BAS) and Basic Allowance for Housing (BAH) are the most common allowances for married military personnel (BAH).
Home Loans And Housing
Veterans, service members, and surviving spouses can receive Veterans Affairs (VA) housing assistance to purchase or refinance a house. They also provide perks and services to assist you in building, improving, or maintaining your current residence. Learn how to apply for and manage the housing aid benefits you’ve earned as a veteran.
Educational Benefits And Training
In the service, you’ll acquire advanced technical and specialist training. You can also take advantage of generous education benefits and tuition aid during and after your service.
An example is the Post-9/11 GI Bill if you served on active duty for at least 90 days after September 11, 2001, and obtained an honorable discharge. If you served at least six months of active duty, this education benefit could cover up to 100% of your tuition and $1,000 in monthly rent.
Note that if you served for at least 36 months after September 10, 2001, you would receive 100% of the benefit.
Spouse And Family Healthcare
Active-duty military families receive benefits through the military’s healthcare system, known as Tricare, regardless of whatever branch of service their spouse serves in.
While Tricare is not an insurance business, it functions similarly to assisting military families with healthcare and medical expenditures. You can still use Tricare if you are a non-activated guard or reserve family under the programs established exclusively for you.
Taxes in the military can be complicated. MilTax software is available from the Defense Department through Military OneSource. It’s designed to consider deployments, combat and training pay, housing and rentals, multistate filings, living outside the United States, and more.
With a 20-year active-duty career, you’ll be eligible for retirement income and health benefits, and retail privileges on base. The Veterans Pension program also pays monthly payments to wartime veterans who fulfill specific age or disability standards and have income and net worth limits. Check to see if you qualify for this benefit.
Serving the country is a job that requires a lot of mental, physical, and emotional resilience. Ensuring you and your loved ones are covered with a few benefits is a good way to maximize your opportunities while working in the military. If you want to know if these military benefits are worth it, check out our resources at PAGuard today.