Benefits & Bonuses

Benefits & Bonuses

Reenlistment Bonus

You could receive a reenlistment bonus of up to $20,000 for a 6 year extension. Extending your enlistment for 2 years could qualify you for a $4,000 extension bonus.

 

Healthcare

Healthcare costs can be difficult to cope with, but with a plan through Tricare you can receive affordable healthcare for you and your family. Coverage is available to single Soldiers for only $50.75 per month and military families for $205.62 per month. Find eligibility information and coverage specifics on Tricare’s website.

Dental

For only $28.24 each month, single Soldiers can have access to a premium dental plan through Tricare Dental. For just $96.01 per month you can get coverage for your spouse and children as well. Find plan specifics in the Tricare Dental Website.

Life Insurance

Get coverage of up to $400,000 for $29.00 per month for a single Soldier. For more information visit the Servicemembers Group Life Insurance website.

 

Retirement

After 20+ years of service, you will have a great nest­egg upon retirement. Payments will begin when you reach age 60. The average Soldier accrues at least 2,627 points with more than 26 years. Refer to the example chart below for a preview of what 2,627 points at retirement will yield in your retirement payout:

 

  Per month payment

Total payout over 20 years

E6

$672 $161,280
E7 $901

$216,240

E8 $1,029

$246,960

E9 $1,368

$328,320

After you retire, you can still receive healthcare through Tricare paying only 20%. This is a $1,000 value amount you could save each month. View detail plans online or contact the Retirement office via phone at 517-481-9867.

 

Veteran Programs

The Michigan Department of Veterans Affairs (DMVA) is there to help all Michigan veterans to include current members of the Armed Forces in MIchigan. The one­stop resource for veterans in Michigan is the Michigan Veterans Affairs Agency (MVAA).
They serve as the central coordinating point, connecting those who have served in the Armed Forces and their families to services and benefits throughout the state. MVAA is responsible for the Michigan Veterans Trust Fund, Michigan Veterans Homes' and the state's grant to Veterans Service Organizations and the County Veterans Counselors.

The agency works to identify and break down barriers veterans face in employment, education, health care and quality of life, making Michigan a great place for veterans and their families to call home. The agency aggregates veterans services currently found in 14 state agencies as well as hundreds of community­based veteran programs to create a ‘no wrong door’ access to benefits and services.

The MVAA may be reached by contacting them at:
Web:  http://www.michiganveterans.com
Phone:  800­MICH­VET (800-­642­-4838)
Veterans Crisis Hotline:  800­-273­-8255 (press 1)

 

Family Resources

The Michigan National Guard Family Programs Office provides the best support and care for all Service Members, Families, Veterans and Retirees in recognition of their service to our great state and nation. They are committed to enhancing the readiness and well being of all military families through information, education, programs, and resources.

To find out more and take advantage of their services, contact them at:
Web:  http://fp.minationalguard.com/
Phone: 517-­481-­9893
Safe Help Line: 877-­995­-5247