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Military Housing Allowance 2018: Understanding BAH

military allowance understanding BAH BAH, BAS, OHA, COLA. it's enough to make your head spin! Learnabout the basics of your housing allowance and how to make the most of your dollars. BAH basics: what is BAH? The Basic Allowance for Housing (BAH) provides housing allowance for military service members who are either married or have dependents (with some exceptions). In 2018, the rate given is meant to cover 96% of your rental cost. This has decreased from the 100% given in prior years, part of budget cuts released by the Department of Defense in 2015. The allowance is expected to cover only 95% of costs by 2019. At Lincoln Military Housing your rental amount currently matches your eligible BAH. 2015 2016 2017 2018 2019 99% 98% 97% 96% 95% Similar to your BAS (Basic Allowance for Subsistence), it's an additional allowance on top of your flat salary. this amount is determined by: rank/pay grade geographic duty location dependency status .and corresponds with the median rental costs and average utility cost in the area. 39 * Thereare 39 different BAHrates used for each specific geographic area-these correspond toyour rank, andare based off the average family of that rank. * This data is collected annually andincludes rates forapartments, townhomes/duplexes, and various single-family units. so... what does it cover? * Your BAH can be used to cover a portion of your rent and utilities, but otherhousing expenses (includingrenters insurance)are not used to calculate your allowance. * Family size will also not change your BAH; the with-dependents allowance for your rank and location stays the same no matter the size of your family. survey says... Sounds like a great benefit, right? Unfortunately, in a recent survey from SpouseBuzz, over 86% of respondents reported that their BAH does NOT cover their housing costs adequately or just barely covers housing. 54.07% No. BAH does not cover even 97% of our housing costs. 26.29% Yes-just barely. We spend all of our BAH every month. 13.39% Yes-and more! We are able to bank some BAH every month. 6.25% No, but I know we live in housing bigger or nicer than it is designed to cover. making the most of your BAH At Lincoln Military Housing, your 2018 BAH will cover your entire rental payment, which isn't the case at other properties around town. We're here to help you make the most of your BAH. with lincoln, you get: * Renters insurance included up to $10,000 in Personal Property Contents Coverage * Average utilities covered (trash, gas, water, electricity) *No pet fees or deposits * Automatic payments-rent is paid through allotment * No credit check or deposits *24-hour maintenance * Community amenities and family-oriented events 3 important BAH FAQS 1. what if my BAH does not cover my rent? At Lincoln Military Housing, your 2018 BAH will cover your entire rental payment-which isn't the case at many other properties around town, where you may have to pay more ontop of your BAH allowance. Paying rent is easy, with many installations allowing payment either through authorizing an allotment or EFT. 2. what if my local BAH allowance decreases? With individual rate protection, you'|l be grandfathered into your BAH compensation. But be aware that if you do not live in base housing your rent could always increase after your initial lease period, and you'd then owe the difference. At Lincoln, you're protected from this; your 2018 BAH will cover your entire rent. 3. what about all of the other expenses that come with housing? This is where Lincoln Military Housing can help-when you live with us, we'll cover normal utilities. Most, if not all, communities outside of military housing do not cover any portion of your utilities. Other benefits include: * Renters insurance included up to $10,000 in Personal Property Contents Coverage * Average utilities covered (trash, gas, water, electricity) * No pet fees or deposits * Automatic payments-rent is paid through allotment * No credit check or deposits * 24-hour maintenance join a close-knit community that values you and your family learn more by contacting your base housing office, or visit us at lincolnmilitary.com. brought to you by LINCOLN MILITARY HOUSING Every Mission Bexins at Home sources: http://www.defensetravel.dod.mil/Docs/perdiem/BAH-Primer.pdf https://www.spousebuzz.com/blog/2017/04/bah-not-cover-housing-costs.html https://paycheck-chronicles.military.com/2014/12/04/much-house-rate/

Military Housing Allowance 2018: Understanding BAH

shared by StaceySD on Dec 20
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You may have heard the term Basic Allowance for Housing, but what does military BAH actually cover? Understanding the different military benefits available to you and your family is the first step in ...

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