The HEART Act
The Heroes Earnings Assistance and Relief Tax Act of 2008 (The HEART Act) provides tax and pension benefits to Service members who are disabled while on active duty for more than 30 days and to their Survivors if they die on active duty.
The HEART Act requires employers and sponsors of qualified defined benefit and defined contribution plans, such as 403(b) arrangements, and section 457(b) education plans to treat Service members as being reemployed by the sponsor company for purposes of entitlement. The purpose of this is to provide Service members and their Survivors for benefits they may not otherwise have been entitled for.
The benefits of the HEART Act depend on the specific benefits of the employer's plan documents and may include:
Accelerated vesting in retirement plans
Additional life insurance benefits
Survivor benefits, such as investment of Death Gratuity and Servicemembers Group Life Insurance (SGLI) payments into Roth IRAs and Coverdell education savings accounts without ordinary limitations
Falls Church, VA, September 22, 2020 - Military health beneficiaries across the Department of Defense will soon have the option to pick up their prescriptions from lockers by using two forms of authentication. With a quick scan of their ID (Common Access Card or a state ID), and by inputting their date of birth or fingerprints, beneficiaries can unlock their medications.
Falls Church, VA, September 22, 2020 - Globally, people are facing challenges caused by COVID-19. The pandemic may cause anxiety and stress. These feelings may feel stronger with less social interaction. Feeling stressed, overwhelmed, or lonely might increase the risk for suicide for some people. It’s important to tend to your mental health and find ways to cope. There are many resources to help you. These include, but are not limited to, TRICARE mental health services.