SMART WORLD - As a retired reserve member of the military, it's important to understand the healthcare benefits available to you. One key benefit to be aware of is the Tricare Retired Reserve Pharmacy Benefits program. In this article, we'll provide an in-depth overview of this program, including eligibility requirements, coverage options, and more.
Tricare Retired Reserve Pharmacy Benefits
Provide prescription drug coverage for members and their families. This program is designed to supplement other Tricare healthcare coverage options, such as Tricare Standard or Tricare for Life.
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Eligibility
To be eligible for Tricare Retired Reserve Pharmacy Benefits, you must meet the following criteria:
- Be a retired reserve member of the military who is not yet eligible for Medicare
- Have completed at least 20 years of service
- Be under the age of 60
- Not be eligible for any other form of Tricare coverage
If you meet these requirements, you can enroll in Tricare Retired Reserve Pharmacy Benefits and begin receiving prescription drug coverage.
Coverage Options
Tricare Retired Reserve Pharmacy Benefits offer a variety of coverage options, including:
- Prescription drugs obtained through a Tricare retail pharmacy
- Prescription drugs obtained through a Tricare mail order pharmacy
- Prescription drugs obtained through a Tricare network pharmacy
- Prescription drugs obtained through a non-network pharmacy (with higher out-of-pocket costs)
Also cover prescription drugs listed on the Tricare formulary. This formulary is a list of drugs approved by Tricare for coverage. If you need a drug that is not on the formulary, you may need to pay for it out-of-pocket.
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Costs
The costs associated with vary depending on the coverage option you choose. Here's a breakdown of the costs:
- Retail pharmacy: $10 copayment for generic drugs, $29 copayment for brand-name drugs
- Mail order pharmacy: $0 copayment for generic drugs, $10 copayment for brand-name drugs
- Network pharmacy: $0 copayment for generic drugs, $20 copayment for brand-name drugs
- Non-network pharmacy: 20% of the total cost for generic drugs, 25% of the total cost for brand-name drugs
Tricare Retired Reserve Pharmacy Benefits and Medicare
Once you become eligible for Medicare, Will become secondary to Medicare Part D coverage. This means that Medicare will become your primary source of prescription drug coverage, and will only cover drugs that are not covered by Medicare.
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Conclusion
Tricare Retired Reserve Pharmacy Benefits are an important benefit for retired reserve members of the military. By enrolling in this program, you can ensure that you and your family have access to affordable prescription drug coverage. If you meet the eligibility requirements, we highly recommend that you enroll in this program as soon as possible.