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Review of Servicemembers' and Veterans' Insurance: Higher Benefits

This new law requires the Department of Veterans Affairs to regularly review the maximum insurance coverage for servicemembers and veterans. This ensures that insurance benefits are adjusted for inflation, helping to protect the value of money for military families.
Key points
Every five years, the Department of Veterans Affairs will assess if the maximum insurance amount is adequate.
The insurance amount will be automatically adjusted for inflation, based on the Consumer Price Index.
These changes aim to protect the purchasing power of insurance benefits for servicemembers and their families.
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Additional Information
Print number: 118_HR_2911
Sponsor: Rep. Strickland, Marilyn [D-WA-10]
Process start date: 2023-04-26