Section 12525 - Benefit amounts(b) REDUCED AND ENHANCED BENEFITS.-Under the regulations prescribed by the Secretary, a person enrolled for coverage under the insurance program may elect-(1) a reduced coverage benefit equal to one-half the amount of the basic benefit; or(2) an enhanced benefit in the amount of $1,500, $2,000, $2,500, $3,000, $3,500, $4,000, $4,500, or $5,000 per month (as adjusted under subsection (d)).(c) AMOUNT FOR PARTIAL MONTH.-The amount of insurance payable to an insured member for any period of covered service that is less than one month shall be determined by multiplying 1/30 of the monthly benefit rate for the member by the number of days of the covered service served by the member during such period.(d) ADJUSTMENT OF AMOUNTS.-(1) The Secretary shall determine annually the effect of inflation on benefits and shall adjust the amounts set forth in subsections (a) and (b)(2) to maintain the constant dollar value of the benefit.(2) If the amount of a benefit as adjusted under paragraph (1) is not evenly divisible by $10, the amount shall be rounded to the nearest multiple of $10, except that an amount evenly divisible by $5 but not by $10 shall be rounded to the next lower amount that is evenly divisible by $10.Added Pub. L. 104-106, div. A, title V, §512(a)(1), Feb. 10, 1996, 110 Stat. 301. - Secretary
- The term "Secretary" means the Secretary of Defense.
- covered service
- The term "covered service" means active duty performed by a member of a reserve component under an order to active duty for a period of more than 30 days which specifies that the member's service-(A) is in support of an operational mission for which members of the reserve components have been ordered to active duty without their consent; or(B) is in support of forces activated during a period of war declared by Congress or a period of national emergency declared by the President or Congress.
- insurance program
- The term "insurance program" means the Ready Reserve Mobilization Income Insurance Program established under section 12522 of this title.
- insured member
- The term "insured member" means a member of the Ready Reserve who is enrolled for coverage under the insurance program in accordance with section 12524 of this title.