Servicemembers Group Life Insurance is the life insurance provided to those who serve in the military. The coverage can also be extended to dependents. SGLI is a very affordable program that is available to active duty as well as National Guard. The cost for servicemembers is $.065 per every $1,000 in coverage. For those serving, coverage is available in $50,000 increments up … [Read more...]
Overseas Housing Allowance (OHA)
The Overseas Housing Allowance (OHA) enables military members assigned overseas to privately lease housing on the economy. This program encompasses a reimbursement system designed to partially defray housing costs when on-base or government leased housing is not available. OHA is paid to approximately 60,000 members overseas at a yearly cost of $1.8 billion. The Overseas … [Read more...]
Family Subsistence Supplemental Allowance
Family Subsistence Supplemental Allowance (FSSA) program is a voluntary financial benefits program for military families, intended to increase a service member's income in order to remove their household from eligibility for Supplemental Nutrition Assistance Program (SNAP) benefits (formerly the food stamp program). » Current FSSA Rates FSSA was established May 1, … [Read more...]
Coast Guard Pay
The Coast Guard offers active duty and reserve Coast Guard men and women a competitive salary and an impressive package of benefits. Coast Guardsmen receive the same pay that other military members receive with the same pay grade and status. Salaries are based on time of service, marital status, where you live and your rank. You'll also have the chance for raises and … [Read more...]
Living On Post
When you enlist in the military, if you are married, you will have several options of where to live. You can choose to live off post where you will be responsible for the bills or you can choose to live on post where your BAH (housing allowance) is deducted from your paycheck monthly to cover the bills. Let's take a look at some of the pros and cons of living on post. … [Read more...]