Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Old 01-17-2011, 08:43 AM   #21
Moderator Emeritus
Nords's Avatar
Join Date: Dec 2002
Location: Oahu
Posts: 26,636
Today's "The Military Guide" blog post (Monday 17 Jan) ties together this thread's comments with the thread on the letter MOAA sent to CNBC and another thread on Tricare issues.

I don't know how fast these debates usually move, but I suspect that it'll take a new Congress a very long time to get around to paying attention to SECDEF's complaints. I don't think there'll be any more Tricare hikes in the next five years than there've been in the last five years, but it'd be interesting to see some sort of research data on how many doctors are agreeing to the reimbursement rates-- and whether it's growing or declining.


The book written on, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
I don't spend much time here anymore, so please send me a PM. Thanks.
Nords is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 01-17-2011, 07:40 PM   #22
samclem's Avatar
Join Date: May 2004
Posts: 11,920
Here's one way that TRICARE will be a worse deal than comparable civilian insurance.

AS many folks know, the newly passed health care law mandated that private insurance plans allow children to remain on the parents' policy. TRICARE wasn't included in this arrangement (my guess--either because it was overlooked in the rush to get the bill passed, or in order to keep from making the govt cost for the legislation go up further). Well, that's been fixed, and it looks like it will cost folks military folks quite a bit to keep Junior on the plan.

Complete article at Here's their synopsis:

National Defense Authorization Act of 2011 includes a provision to offer the "TRICARE Young Adult" program, which opens TRICARE coverage for adult dependents up to age 26. Unfortunately, the new TYA program comes with a large price tag. Some estimates show the annual premium could go as high as $2,400 or $200 a month. By comparison, Health and Human Services estimates that under that Health Care Reform Act civilian families will see an increase in annual premiums of somewhere between $62 to $149 a year.
I don't know if the HHS estimate of the civilian costs has proven accurate. I could guess . . .

Is this a "broken promise"? Not as I see it--keeping the kids on TRICARE until they are 26 was never part of the deal. But it does stink a little that the law forced private companies to keep these kids on the plans, and the govt's own insurance plan for servicemembers couldn't/didn't meet the same cost bogey ("families will pay up to $149 per year") used to sell the law when it was being debated.

samclem is online now   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Another year, another 15% increase in premiums walkinwood Health and Early Retirement 14 05-02-2010 08:46 PM
Insurance Premiums and Taxes chinaco FIRE and Money 1 09-22-2007 05:41 AM
Your health insurance premiums? perinova FIRE and Money 25 05-12-2006 07:25 PM
Health Insurance Premiums wabmester FIRE and Money 16 01-28-2006 03:20 PM
Proposed tripling of TRICARE Retired premiums over 3 years! Nords FIRE and Money 19 12-15-2005 09:26 AM


All times are GMT -6. The time now is 11:53 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2018, vBulletin Solutions, Inc.