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TRICARE 2020 – What You Need to Know

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TRICARE 2020 – What You Need to Know

Did you know it’s TRICARE Open Enrollment? From now to December 14, 2020, service members and retirees can change their medical plans. There have also been some recent changes with enrollment fees. To get an update on everything going on with TRICARE, I’ve gone straight to the source.

 

Mark Ellis oversees the development and execution of enrollment policies for all TRICARE medical plans. Mr. Ellis served for 22 years in the United States Air Force, the last 15 years as a Medical Service Corps officer.

 

Thank You!

The Military Money Show is sponsored by Charles Schwab. Since 1973, Charles Schwab has been helping people achieve better financial outcomes for themselves and their families. You can learn more about Charles Schwab and the work they do at Schwab.com.

 

TRICARE 2020 Episode Details

  • A TRICARE overview
  • Review of the different plans and the regions
  • What the TRICARE Open Season is
  • Who the Open Season applies to
  • What happens if you don’t take action during open enrollment
  • What TRICARE covers for dental and vision
  • The enrollment fees change and who it applies to
  • Enrollment fees and your catastrophic cap
  • An example of how catastrophic caps work for a family that is on TRICARE Retired and has a TRICARE Young Adult
  • TRICARE resources you can use to stay informed

More on resources: Spousal IRAs: What Military Spouses Should Know

 

 

TRICARE 2020 Resources

More on benefits: Understanding Your Salary & Benefits

 

 

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