Special Benefits for Military Families - Elect With Care

Special Benefits for Military Families - Elect With Care


Many families of children with disabilities are also military families. One benefit that may be available for these children is the military Survivor Benefit Plan (SBP). The SBP will pay up to 55% of the military member's retirement pay to a spouse or a dependent child when the retiree dies. The benefit is adjusted annually for inflation. The military member also has the option to select a lower benefit at a lower cost and has the option to choose coverage for only the spouse, spouse and children, or only children.

If a member wants to decline SBP coverage entirely, then the member can only do that with the written consent of the spouse. If a member selects spouse and children coverage, then the children do not receive SBP until after the death of the military retiree and the retiree's spouse. The member's military retirement pay is reduced by approximately 6.5% for spousal coverage, and the member pays approximately $20 per month for dependent children coverage.

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Oast & Hook has been providing quality legal services in Southeastern Virginia and North Carolina for more than 80 years. The attorneys at Oast & Hook can assist clients with their estate, financial, insurance, long-term care, veterans' benefits and special needs planning issues. Visit their website at www.oasthook.com for more information.  Sandra L. Smith joined the firm in 2003. She practices primarily in the areas of elder law, estate planning, estate and trust administration, special needs planning, asset protection planning, long-term care planning and Veterans' benefits. Ms. Smith is certified as an Elder Law Attorney (CELA) by The National Elder Law Foundation (NELF).



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