Air Force

October 18, 2013

Affordable Care Act has little impact on TRICARE beneficiaries

The Affordable Care Act, also known as the health care law, was created to expand access to affordable health care coverage, lower costs, and improve quality and care coordination for all Americans.

Under the health care law, people will have health coverage that meets a minimum standard (called “minimum essential coverage”) by Jan. 1, 2014, qualify for an exemption, or may be required to pay a fee if they have affordable options, but remain uninsured. Because of this, many TRICARE beneficiaries may be wondering how this new law will affect them and their families.

Simply speaking, the Affordable Care Act will have very little impact on TRICARE beneficiaries. The biggest change they will notice may be an extra letter in their mailbox every January, and an extra box to check on their tax forms every April.

Beneficiaries who receive TRICARE benefits, whether at no cost, by electing to pay an enrollment fee, or by paying monthly premiums, have minimum essential coverage under the Affordable Care Act. This includes: TRICARE Prime, Prime Remote and Standard; TRICARE Reserve Select, TRS; TRICARE Young Adult, or TYA; TRICARE Retired Reserve, or TRR; and the Continued Health Care Benefit Program, or CHCBP.

Eligibility alone for premium-based TRICARE benefit plans ñ TRS, TYA, TRR and CHCBP — does not constitute minimum essential coverage. Eligible beneficiaries must purchase and be in good standing, by paying their premiums to have coverage in force, in order for these TRICARE programs to qualify as minimum essential coverage. There are two groups of TRICARE beneficiaries who do not meet the minimum essential coverage requirement: those getting care for line of duty only related conditions, and those only eligible to receive care in military hospitals or clinics.

Beginning with the 2014 tax season, and every tax year after that, the Department of Defense will send every TRICARE beneficiary the same information it sends the Internal Revenue Service. This notification will detail whether sponsors and their dependents had minimum essential coverage during the previous year. Sponsors can then use this information when they file their tax forms.

Because the information sent to the IRS is generated using beneficiaries’ Social Security numbers, it’s essential for sponsors to make sure their family’s Defense Enrollment Eligibility Reporting System, or DEERS, information is correct and up to date.




All of this week's top headlines to your email every Friday.


 
 

 
F35

F-35 returns to limited flight, officials rule out Farnborough

Air Force photograph by Jet Fabara While the F-35 Lightning II joint strike fighter has returned to limited flying, it will not be appearing at the Farnborough International Airshow in the United Kingdom, Pentagon Press Secreta...
 
 

Air Force creates Air Force Installation and Mission Support Center

The Air Force is centralizing its installation support management within a newly created Air Force Installation and Mission Support Center, Air Force officials announced July 14. The change resulted from a comprehensive effort to reduce overhead costs, increase efficiencies, eliminate redundant activities, improve effectiveness and business processes and will help meet the Department of Defense...
 
 

Air Force announces changes to headquarters organization

Air Force leaders announced changes to headquarters staff manning and organization July 14. The Air Force will create efficiencies by deactivating and realigning organizations at Headquarters Air Force, Major Commands, Numbered Air Forces and Field Operating Agencies, resulting in savings of $1.6 billion across the Air Force in the next five years. “I will work...
 

 

July 7 Pulse on AF force management

WASHINGTON – Featured in this force management update are details regarding civilian force management program expansions and ongoing officer early retirement and enlisted retention boards. Civilian force management – voluntary early retirement authority (VERA) /voluntary separation incentive pay (VSIP) The Air Force Personnel Center recently concluded the survey period for VERA/VSIP...
 
 

Airmen encouraged to review vRED

JOINT BASE SAN ANTONIO-RANDOLPH, Texas - When Airmen go through major changes in their life, such as marriage, a permanent change of station, or having a child, one of the first things that should come to mind is, “I have to update my Virtual Record of Emergency Data,” or vRED. While this is not always the...
 
 

The power of the Military Consumer

Due to the recent trends and the financial challenges of military life, the Department of Defense has teamed up with the Federal Trade Commission, who has partnered with other organizations to form the Military Consumer, a campaign to empower you the consumer to be informed and promote financial readiness. It officially starts July 16 and...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>