I found out some great info on Tri Care Reserve Select. In case you don't know, reservists and National Guardsmen can get basically the same coverage as Tricare standard and extra at a fee. When the program was introduced in 2005, the fees were $81 for an individual and $251 for family coverage.
But now the coverage has been reduced...by alot. While the old costs were affordable compared to most others in the market, the prices are now MUCH more affordable. New costs are $47.51 for an individual and $180.17 for a family.
WOW!!!
Apparently the general accounting office noticed the premiums were too high compared to actual costs and recommended the changed. So int he 2009 Defense authorization act, the premiums were lowered and go into effect Jan 1. There are no provision for refund of past premiums. Which is fine. So now more soldiers and their families will be able to afford the coverage, and still have money in their one weekend check.
With the economy the way it is, more people will see the military as a source of income and livelihood, and some of these benefits sure make the pot sweeter.
Recruiting will be tad easier if these trends continue.
BTW, I plan on blogging more regularly. I hope I can continue like I want.
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