Retired Military Finances 101: Don't Lose Your TRICARE
If you're a military retiree, you're covered by TRICARE. Once you turn 65 you could potentially lose that coverage if you don't take action.
If you're a military retiree, you're covered by TRICARE. Once you turn 65 you could potentially lose that coverage if you don't take action.
Another birthday comes and goes. It's amazing how many changes in your financial life are tied to your birthdays. Here's a list.
Up to and even entering military retirement, you haven't had to do much to keep your Tricare coverage. That changes when you turn 65 and if you're not careful you could lose all your medical insurance.
Tricare for Life is a pretty good deal. But you have to take action to get it and...you'll pay for it. How much will Tricare for Life cost you?
At some point in our life most of us will need to help out our parents. It is likely to occur after you retire from the military. There are several benefits available to you in the form of tax benefits, VA Disability Compensation and maybe Tricare benefits.
The saying is "The only thing for certain is death and taxes." I think we should maybe add "Tricare increases" to the list. What's changing in 2022?
When you become eligible for Medicare, things change with your Tricare. If you're still employed when that happens, you could be in for a shock. You could end up paying a lot for your Medicare coverage or risk losing Tricare.
TRICARE is pretty good health insurance and it is a benefit we would all like to keep. But...you could lose it if you don't pay attention. Right now, most of you are covered by Active Duty/Retiree TRICARE. But when you turn 65, you'll switch to TRICARE For Life(TFL) whether you want to or not.
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