Military retirees with 2nd careers must balance insurances
I retired from 20 years of active military service at age 45. After military retirement, I began a second career working for the
Beginning September, I will have three insurances: FEHBP, Medicare A and B, and TRICARE. Which insurance is primary, which is secondary and which is pays last? What are the costs of each of these insurance? Do I really need three insurances?
Your situation is common, especially in the
Medicare Part A is premium-free for most people. Medicare Part B has a base premium of
Your FEHBP plan (
TRICARE at age 65 is termed TRICARE for Life. TFL requires you to enroll into Medicare A and B. There is no monthly premium for TFL. TFL is designed to supplement Medicare A and B. TFL offers a drug benefit that is better than
Please note that TRICARE for Life differs from the Johns Hopkins US Family Health Plan. Some military retirees in this area carry USFHP. Since you are not currently covered by this insurance, this option will not be addressed. For those readers who do subscribe to USFHP, you may visit www.tricare.mil/usfhp for more information on
As mentioned, since it is very common for military retirees to have a second career with the federal government, the
If you are not happy with this arrangement, you may reactivate your FEHBP during any FEHBP open season.
For more information on suspending your FEHBP, visit www.opm.gov or call 1-888-767-6738 (202-606-0500 in the D.C. calling area).
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