The Disabled Military Child Protection Act has been introduced by Senator Kay Hagan (D-NC) (S.1076) and Congressman Jim Moran (D-VA) (H.R.4329) in an effort to provide for the payment of monthly annuities under the Survivor Benefit Plan to a supplemental needs trust for a veteran’s disabled dependent child.
Currently, under the Survivor Benefit Plan, a veteran may set aside up to 55% of his/her monthly retirement pay to provide for family members upon his/her passing. However, these benefits can adversely affect disabled family members’ Medicaid and Social Security Disability Insurance assistance.
This Bill has been introduced in an effort to prevent such from happening by payment of the Survivor Benefit Plan stipend into a special needs trust for the benefit of the disabled family member beneficiary.
To learn more, click here.