Top 6 VA Benefits

Top 6 VA Benefits

Serving in the U.S. military can be both exhilarating and terrifying for military families, particularly if their loved one is sent to an area of combat or into other dangerous situations. While these brave people put their lives at risk, their families also bear some of the financial burdens of military life, particularly if a military loved one is injured, disabled or killed while serving.

 

The Department of Veterans Affairs (VA) offers numerous benefits to help active service members, veterans and their families defray numerous costs of many important services.

 

Here are 8 VA benefits military families should know about.

 

HEALTH COVERAGE

Family members of an active-duty retired or deceased service member, National Guard soldier, Reservist or Medal of Honor recipient may qualify for health insurance under the TRICARE program.

 

EDUCATION BENEFITS

The GI Bill helps active-duty service members or veterans, the National Guard or Reserves or qualified survivors or dependents pay for college degrees and non-college training programs and certifications.

Additionally, for non-college degree programs, veterans can take advantage of the VET TEC program for computer coding boot camps and information science programs. There are also free IT certifications available to veterans.

 

TRANSFERRING GI BILL CREDITS

Family members may be able to transfer a deceased veteran's GI Bill credits for their use in pursuing college degrees or non-college vocational training.

 

LIFE INSURANCE

Active duty service members can receive life insurance coverage through the Servicemembers Group Life Insurance (SGLI) program. SGLI is offered in increments of $50,000 up to a maximum of $400,000.

Service members deployed into combat automatically have their SGLI increased to the maximum coverage amount of $400,000 without exception. Veterans' Group Life Insurance (VGLI) will enable veterans to convert their SGLI to a civilian program (offering lifetime coverage) after separation from service.

 

MORTGAGE ASSISTANCE

For veterans and their families having trouble paying their mortgage, the Department of Veterans Affairs can offer assistance through special repayment plans, loan forbearance and loan modification programs.

 

VA LOANS AND ACCESS TO FORECLOSURES

Not only do active service members and veterans qualify for VA loans, but the VA keeps a list of all VA homes that have gone into foreclosure. This allows veterans the chance to search these VA-acquired properties and buy them for a discount.

 

CAREER TRANSITION SUPPORT

American Corporate Partners (ACP) is a national nonprofit organization that helps returning veterans and active-duty spouses with career transitions after the military "through one-on-one mentoring, networking and online career advice." They connect veterans to job opportunities in the corporate sector and other career development opportunities.

 

LONG-TERM CARE

Family members may be able to take advantage of the VA's Aid and Attendance program, which can help with the costs of nursing homes, assisted living programs and other long-term care options. Couples can receive up to $25,020 a year. Surviving spouses of veterans may also be eligible for up to $13,560 a year toward long-term care costs.

 

SOURCE- https://finance.yahoo.com/news/10-va-benefits-every-military-120022829.html