Wednesday, March 20, 2019

5 Top Military Spouse Benefits

Being a military spouse certainly involves overcoming some adversity. Fortunately some benefits do exist to help surmount the occasional hardships. Here are the five most important military spouse benefits that you should be aware of.

  • Improvement of education

Several programs have been put in place with the purpose of assisting the spouses who are looking to improve their education. The MYCAA Scholarship, for example, offers up to $4000 to the spouses of active duty, guard and reserve members. By making use of the scholarship, spouses have the possibility to complete their education.

  • Life insurance

A life insurance program is open to military spouses by which they are eligible to receive up to $100,000 in life insurance coverage. Military personnel have the option of insuring their family members through the program. This can, of course, prove to be a great financial security blanket to families of military members.

  • Loan programs

Loans under advantageous conditions are available to military spouses. The Patriot Express Program offers loans to military personnel and veterans for the purposes of establishing small businesses. Up to $500,000 can be loaned out and interest rates usually vary between 2.25% – 4.75%.

  • Healthcare

Regardless of the branch of service in which their spouses serve, their families are entitled to Healthcare. Tricare is the service set up to help families with medical expenses. The service includes a number of benefits (including a dental plan) and can be potentially accessed by active members, as well as retirees.

  • Recreation activities

The Military Welfare and Recreation program is active on most sites and helps organize gyms, pools, event centers inside the military base. The program recognizes the importance of recreational activities for for the well-being of soldiers and their families. The MWR program also operates resorts in vacation destinations across the world.

These are some of the benefits that military spouses may be entitled to. For more information, get in touch with your base offices and learn more about how they can assist you and your family.