This bill makes the Department of Veterans Affairs check the top coverage limit for Servicemembers’ Group Life Insurance and Veterans’ Group Life Insurance on a regular schedule. Every five years, the VA must review the maximum coverage and report on it, using the average inflation change (based on CPI-U) from the previous five fiscal years to guide the review . It focuses on the automatic maximum coverage in these life insurance programs for servicemembers and veterans .

Here’s what that means for families and communities:

• The VA will regularly look at whether the coverage limit should change to reflect inflation, instead of letting it sit for long periods without review .

Key points:

• Who is affected: Servicemembers and veterans enrolled in the VA’s group life insurance programs .
• What changes: A required review and report on the maximum coverage amount, using five-year average CPI-U changes as a guide .
• When: Every five years going forward .