Ask The Experts: Retirement

By Reg Jones

Tricare vs. FEHB

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Q. I am a new federal employee with Tricare Prime that I am paying for since I am retired military. Is there any advantage in taking Federal Employees Health Benefits. If so, what would it be? Second, can I only sign up for the Federal Flexible Spending Account Program to take care of my co-payments and additional dental cost if I don’t sign up for FEHB?

A. As to your first question, I have only anecdotal advice to give you. Some employees who are covered by Tricare have told me that they enrolled in the least expensive FEHB plan as a backup in case they lost their Tricare coverage or decided to leave the program. As to your second question, you don’t have to be enrolled in an FEHB plan to sign up for FSAFEDS.

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Comments

  1. Mel Says:
    November 19th, 2012 at 3:22 pm

    TRICARE Prime because it is cheaper by far than using a FEHB program. I have found an outstanding small town physician and do not mind paying the $12 deductible for the quality of service. Also, most prescriptions are $7-$10. I suggest that you compare FEHB policies against TRICARE to determine if the co-pays and deductibles work in your favor for the area you reside.