The TRICARE Reserve Select Program (TRS) is run like any other insurance program, you make monthly premium payments which authorizes you certain types of care at a discounted or free rate.
If you go to a provder that participates in the program (known as an in-network provider) you will usually pay a lower copay than if you go to an out-of-network provider (the copay is that amount that you have to pay out-of-pocket when getting treatment).
It is always best to go to an in-network provider whenever possible, because if you go to an out-of-network provider you may end up stuck with a very large bill, also if you go to an out-of-network provider you will have to pay the entire cost yourself and then file a claim with TRICARE to get reimbursed.
The program also has a deductible, which is the amount you must pay out-of-pocket before any insurance payments begin.
The current premiums are:
- Member Only: $46.09 (changing to $42.83 monthly on Jan. 1, 2019)
- Member plus Family: $221.38 (changing to $218.01 monthly on Jan. 1, 2019)
The premiums change every year on January 1. When you first enroll you must pay 2 months worth of premiums up front. This can be done by check, money order, or credit/debit card. After that you need to set up a recurring electronic funds transfer from your bank or a recurring payment on your credit/debit card. If you stop paying your benefits will terminate the month after your last payment is received.
A copay is what you are usually required to pay when you visit a doctor, the hospital, or receive any healthcare service.
This is the maximum amount you will pay out-of-pocket annually for all healthcare, no matter what. The catastrophic cap resets each year. For TRICARE Reserve Select the catastrophic cap is $1,000.
For More Information and to Apply for Coverage
Visit TRICARE's website for more information.
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