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The Military Financial Service Provider eNewsletter
June 2025
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Start the Insurance Conversation
National Insurance Awareness Day is June 28 — a time of year when many military families make PCS moves and may need to update their coverage. Consider taking this opportunity to review insurance basics with Service members and MilSpouses. Key topics include the difference between renters and homeowners insurance, how to determine appropriate coverage levels and why insurance is important when living on a military installation. With its handy glossary of common insurance terms, DoD FINRED's guide "Understanding Home and Renters Insurance" offers key discussion prompts.
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News
PCS Q&A
Getting a lot of PCS questions? This FAQ details PCS- and travel-related policies, regulations and allowances. For example, Service members PCSing within CONUS can be reimbursed for up to $550 of pet travel expenses. Get answers.
Survivor Benefits Changes
The Department of Veterans Affairs is reforming how survivors and dependents can receive benefits. Specially trained "white-glove" survivor outreach teams will assist eligible survivors through every step of the compensation process. Learn more.
OCONUS Spouse Employment
Earlier this year, a DoD memo clarified that international status of forces agreements do not automatically prohibit military spouses from working in host countries. OneOp breaks it down and offers tips for supporting spouses overseas. Check it out.
Help Families Find Special Education Support
Mark your calendars for June 18 at 11:00 a.m. EDT. This month's featured OneOp webinar explores ways to support families when a child does not qualify for special education services. Although it's primarily aimed at educators, financial service providers can gain invaluable insights into a growing need as families seek affordable private tutoring and educational assistance. Military parents may need help adjusting their spending plans to pay for educational support, for example, or they might need to turn to military aid societies.
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Five Steps to Take Before Homebuying
Are you working with Service members who plan to buy a house this year? Talk with them about these five essential rules: 1) Prepare your finances. 2) Review your spending plan. 3) Know how much you can afford. 4) Get preapproved. 5) Save for move-in expenses. Bonus: Discuss the hidden costs of home ownership like taxes, insurance, homeowners association fees, and maintenance and repair costs.
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How to Avoid Mobile Payment Scams
Mobile payment apps are becoming increasingly popular — especially with scammers, who know it will be difficult to recoup money sent through an app. Help Service members and spouses understand some of the risks by sharing this Federal Trade Commission (FTC) guide.
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Did You Know?
Find trusted financial resources and stay on top of the latest military money news by following @DoDFINRED on LinkedIn, Facebook, Instagram and X.
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Service Providers and Leaders
The Department of Defense Office of Financial Readiness is here to support you in your mission of providing Service members and their families with exceptional financial knowledge and education. You’ll find resources for developing your social media presence, keeping abreast of financial policies and laws, enhancing your coaching skills through training and much more every month in this official communication from the United States Government.
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