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Thread: Federal / Military Pension Retirement?

  1. #37

    Default Re: New Retirement Talk Page

    [QUOTE=john770;646051]Are you referring to VA health care when you reference Federal medical insurance..?

    Thanks for the response. I am referring to non VA Federal Medical Insurance- Blue Cross Blue Shield.
    I am glad that you are satisfied with Tricare Select.
    Are you also under Medicare?
    Emotions should never play a role in one's investing strategy!
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  3. #38

    Default Re: New Retirement Talk Page

    Quote Originally Posted by Maricar19 View Post
    Thanks for the response. I am referring to non VA Federal Medical Insurance- Blue Cross Blue Shield.
    I am glad that you are satisfied with Tricare Select.
    Are you also under Medicare?
    Ahh, gotcha. You had mentioned military and my mind went to VA care. I’m not yet eligible for Medicare, no.

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  5. #39

    Join Date
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    Default Re: New Retirement Talk Page

    Maricar,

    Regarding your statement about having Federal medical insurance to keep your dental and vision insurance. That is not true. Dental and vision are managed by Benefeds and it is separate from Federal medical insurance. I am currently enrolled in Tricare Prime and kept my Dental Insurance with Benefeds. As for getting treatment with Tricare, I am happy with it, but it depends on where you receive service. Not all are the same.

    One note for your consideration which is not really out there or being talked about. If you get Tricare, when you turn 65 you will be required to take Medicare parts A and B. If you do not, then your Tricare will be terminated. Also, if you decide to use a military facility for your day to day care, they are moving retiree's out when they qualify for Medicare and into the economy. I have been told it was to provide better care to the active duty folks only. Of course you can always select a civilian care facility that accepts Tricare and avoid having to find a new doctor when you get Medicare.

    All in all, I have been happy with Tricare Prime and the facility I am currently using and, it is much cheaper than keeping your FEHB. If I remember all I had to do was write them a letter asking to have my FEHB suspended. One of the reasons on the form I filled out was a box stating I was moving to Tricare and this was a justified reason.

    Hope this answers some of your questions.
    "the biggest mistake that traders make is to let these short-term trades turn into longer-term investments when they don’t work." RevShark

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  7. #40

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    Default Re: New Retirement Talk Page

    Quote Originally Posted by ravensfan View Post
    Maricar,

    Regarding your statement about having Federal medical insurance to keep your dental and vision insurance. That is not true. Dental and vision are managed by Benefeds and it is separate from Federal medical insurance. I am currently enrolled in Tricare Prime and kept my Dental Insurance with Benefeds. As for getting treatment with Tricare, I am happy with it, but it depends on where you receive service. Not all are the same.

    One note for your consideration which is not really out there or being talked about. If you get Tricare, when you turn 65 you will be required to take Medicare parts A and B. If you do not, then your Tricare will be terminated. Also, if you decide to use a military facility for your day to day care, they are moving retiree's out when they qualify for Medicare and into the economy. I have been told it was to provide better care to the active duty folks only. Of course you can always select a civilian care facility that accepts Tricare and avoid having to find a new doctor when you get Medicare.

    All in all, I have been happy with Tricare Prime and the facility I am currently using and, it is much cheaper than keeping your FEHB. If I remember all I had to do was write them a letter asking to have my FEHB suspended. One of the reasons on the form I filled out was a box stating I was moving to Tricare and this was a justified reason.

    Hope this answers some of your questions.
    Before I turned 65 my military medical facility dumped me and told me to find a new PCM. I did so and the transition to Medicare and Tricare for Life was pretty seamless. Had to get Medicare part B which was 200+% more than TriCare prime. Wife turns 65 early next year and transition to Medicare is alarming her. I am keeping FEHP Blue Cross basic to keep her happy. The smart thing to do I hear is to suspend the FEHP and see how it goes with Medicare and Tricare for life. Not something I dare do right now. Others that have done so may advise you.

    The biggest concern is making a choice that cannot be reversed. I think suspending FEHB covers that. I think.

    Best of luck.

    PO

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  9. #41

    Default Re: Federal / Military Pension Retirement?

    Thanks PO, john770, and ravensfan for the responses.

    From Tricare website, we qualify for Select and Prime

    1.Good to know that dental and vision will still be available for us if we decide to suspend our FEHB.

    2.Our dilemma- We are unable to find an in network PCP with Tricare Select near us.
    We want to find an in network because we are afraid of the unknown - 25% of charges

    ...Can't think right now...more coming...


    Emotions should never play a role in one's investing strategy!
    No to Greed...No to Fear!
    http://share.robinhood.com/mariloc1

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