20 Sep Your 2022 Guide to Military Benefits
Posted at 23:42h in In The News 0 Comments
AAFES | Navy Federal Credit Union | DECA
Military service members and veterans have seen major changes to their pay and benefits over the past several years.
For the most part, it’s good news.
Basic pay has been rising, and service members saw a 2.7% increase in 2022. Basic Allowance for Housing increased, on average, by 5.1% in 2022, up from 2021′s 2.9% increase. It was the largest BAH increase since before 2016.
The BAH increase reflects the skyrocketing costs of housing around the country. At the same time other increasing costs nationwide, including health care costs, have affected military families in other ways, with some increases in Tricare costs and pharmacy costs.