12/19/2012 - FALLS CHURCH, Va. -- New premium rates for Tricare Reserve Select and Tricare Retired Reserve will go into effect Jan. 1.
Monthly rates for member-only coverage under TRS will be $51.62. That is down 5.3 percent from 2012 premiums. Rates for member and family coverage will be $195.81 a month, a 1.5 percent increase over 2012 rates.
Premiums for member-only coverage under TRR will be $402.11 a month, a decrease of 4.4 percent. Rates for member and family coverage will be $969.10. That is down 5.7 percent over 2012 rates.
Those not currently covered under either program who want to initiate coverage must submit an initial two-month premium payment with a completed application form. The initial premium payment can be paid by check, money order or cashier's check (payable to the regional contractor), or by debit/credit card.
After the initial premium payment, the regional contractor will provide a bill by the 10th of each month. Payments are due no later than the last day of each month and are applied to the following month of coverage.
Beginning Jan. 1, TRS and TRR premium payments will only be accepted by automatic payment via a debit/credit card or electronic funds transfer.