Description: Spouse/Former Spouse and Children Coverage The cost for spouse/former spouse and children coverage is based on your age, the age of your spouse/former spouse and the age of your youngest child from the marriage. The cost factors used for determining children coverage may be different for your situation.
Description: Child coverage may be added to spouse or former spouse coverage. In this case, SBP payments will be made to the children only if your surviving spouse or former spouse remarries before age 55 or dies.
Description: If the SBP election was for spouse (or former spouse) and children, the children receive payments if the spouse is dead or dies, or otherwise becomes ineligible for the annuity. The following is an example of benefit payments for four children and for the remaining children when one child becomes ineligible:
Description: Depending on an individual's situation, provisions of the program may include coverage of tuition and fees, a monthly housing allowance, a books and supplies stipend, Yellow Ribbon payments, college fund, rural benefit payments and transferability to eligible immediate Family members (Spouse and Children).
Description: A child(ren) beneficiary can receive more than one SBP annuity -- e.g., both parents are military retirees and each elect SBP for the child(ren); however, a surviving spouse can receive only one military SBP annuity at any one time, regardless of previous spousal elections.
Description: Child coverage may be elected with or without spouse (former spouse) coverage. Eligible Children Children are eligible for SBP payments as long as they are unmarried, under age 18, or under age 22 ...
Description: SBP Premium Calculator. Plan for retirement by viewing personalized retirement reports, performing "what-if" exercises to see how your benefits might change, and reviewing related fact sheets. ... The Army Child and Youth Services (CYS) provides affordable childcare programs for Army Families. Costs are typically based on Family income.
Description: A child age 18 or older who is permanently incapable of self-support is considered to be age 17 for cost purposes. Spouse and Child SBP Costs The spouse portion of the cost is computed as shown above for Spouse-only Costs. The premium for the child's portion of the cost in a spouse and child
Description: Spouse/Former Spouse: This is the primary category of SBP coverage, and may also include coverage for a former spouse. Unlike some other military benefits, only one spouse/former spouse may be covered by SBP at any time, and there are a web of rules regarding changes.
Copyright © 2017