To amend title 38, United States Code, to modernize service-disabled veterans insurance.
Veteran Families Financial Support Act
This bill requires the Department of Veterans Affairs (VA) to implement a new veterans life insurance program starting January 1, 2023, for veterans with a service-connected disability. The policy does not go into force unless a veteran has been paying premiums for two years after enrollment. If a veteran dies during the two-year period, the VA shall pay the veteran's beneficiary the amount of premiums paid by the veteran plus interest.
The bill phases out an existing service-disabled veteran insurance program upon the implementation of the program in this bill.
Referred to the Subcommittee on Health.
Introduced in House
Introduced in House
Referred to the House Committee on Veterans' Affairs.
Referred to the Subcommittee on Disability Assistance and Memorial Affairs.
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