TRICARE Young Adult premiums to increase Jan. 1, 2016
Premiums for the Military Health System's benefit plan for adult children
between 23 and 26 years old have been announced. The premiums for TRICARE Young
Adult (TYA) program will increase on Jan. 1, 2016 to $306 per month for TYA
Prime, and $228 per month for TYA Standard.
"Offering the option to have young adults covered under these plans falls in
line with what all Americans are able to do with their adult children under the
Affordable Care Act," said Mary Kaye Justis, director of the TRICARE Health
Plan. "We want to make sure those wanting this coverage know all the facts as
they go into the open enrollment season for health care plans in this country."
Justis explained the increase is due to the requirement in the National Defense
Authorization Act of 2011 that TRICARE set TYA premiums to cover the full cost
of health care received by the program's beneficiaries. Previous years' premiums
were lower because TRICARE did not yet have sufficient cost data to set annual
premiums. This coming year marks the first time TRICARE has had enough actual
cost data to set the premiums based on actual costs rather than predicted cost.
"We are required by law to be cost-neutral to the government, so the premiums
had to be raised to cover the actual cost of care," Justis said.
TYA offers very generous, competitive coverage for young adults, Justis said.
Although the premiums do not go into effect until Jan. 1, 2016, TRICARE leaders
want to make sure TYA beneficiaries have all the facts now to make the best
decision possible, based on their needs and circumstances, during the open
enrollment season from Nov. 1, 2015, through Jan. 31, 2016.
"We like having young adults in our system and welcome them to stay on," said
Justis. "But they do have options."
Other health care options for young adult beneficiaries include:
* Purchasing TYA Standard - lower premiums, higher cost shares - instead
of TYA Prime
* Enrolling in a parent's civilian health insurance plan, if available
* Purchasing coverage through the college or university, if enrolled
* Purchasing a plan offered through the Health Insurance Marketplace at
www.healthcare.gov <http://www.healthcare.gov> .
Lower cost plans may be available depending on income and residence, and
assistance paying premiums may be available if beneficiaries qualify for
government subsidies through commercial plans.
Visit www.tricare.mil/TYA <http://www.tricare.mil/TYA> for more information.
Last Updated 10/28/2015
SOURCE: TRICARE News Release at
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