Ask The Experts: Retirement

By Reg Jones

Tricare and FEHP

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Q: In March 2012 I will be eligible for full military retirement. I am retired from the Army Reserve and will be 60 in March. I have BCBS. Is there an advantage to maintaining BCBS coverage rather than dropping it and going with Tricare, which would be less expensive?

A: Many of those who are eligible for both an FEHB plan and Tricare elect to suspend – not drop – their FEHB coverage. If you were to drop it and then lost Tricare coverage, or found that changes in its structure and benefits made it less appealing, you wouldn’t be able to re-enroll.

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Comments

  1. Travis Wagner Says:
    December 7th, 2011 at 10:15 pm

    everyone in my organization was encouraged to keep BCBS as their primary and have TRICARE be the secondary when they retired at age 60.
    I did and it was great, I basically had “0″ out of pocket medical expenses until I took TRICARE for life at age 65.
    During that 60-65 age time frame I had care under my chosen Dr, experience Agent Orange Prostate cancer with a full removal, numerous tests, colososcopy, etc, and drugs and my costs were less than $50 per year.
    I strongly reccommend keeping your BCBS and Tricare.

  2. Travis Wagner Says:
    December 7th, 2011 at 10:17 pm

    NEVER, NEVER drop your BCBS, always suspend it when there is a choice. When suspended at no cost to you, you can always go back and get it. Tremendous silent benefit.