Health Care Options For Military Retirees At Age 65
At age 65, it’s decision time: employer health plan and/or Medicare/TRICARE known as TRICARE For Life (TFL)? At age 65, TRICARE coverts to a Medicare supplement plan and TRICARE Prime and Select are not available. TFL requires Medicare Parts A&B. Younger spouses continue under your employer health plan, stay under TRICARE Prime/Select, or stay with both until age 65. Here are your options:
As long as you are working and covered by your employer’s plan, the employer’s plan pays first, Medicare second, and TRICARE third. Once you stop working, the payment order is: Medicare pays first, then your employer’s plan, and finally TRICARE. If you have TFL only, Medicare is the first payer, then TRICARE. It’s best not to enroll in another drug plan. Another drug plan has to pay first, and you’ll be filing manual claims with TRICARE. In addition, another drug plan disqualifies you from the TRICARE Pharmacy Home Delivery program.
[Source: MOAA Newsletter | Shane Ostrom | March 1, 2018]
Yours in service,