GEA - Cost and Rates of TRICARE Supplemental Insurance
GEA - Cost and Rates of TRICARE Supplemental Insurance
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GEA - Cost and Rates of TRICARE Supplemental Insurance

February 9, 2024
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Learn About Cost and Rates of TRICARE Supplemental Insurance

 

RATES BELOW ARE FOR TRICARE SELECT SUPPLEMENT GROUP A PARTICIPANTS

Age of Retiree, Spouse, Widow(er)

Quarterly Rate with First Year Discount | Base Rate

Under 40

$78.96 | $84

40 - 44

$84.60 | $90

45 - 49

$94.94 | $101

50 - 54

$119.38 | $127

55 - 59

$150.40 | $160

60 - 64

$166.38 | $177

Each Child

$62.98 | $67

 

*** Rates and/or benefits are based on the attained age of the Insured Person and increase as the Insured Person enters each new age category. Rates and/or benefits may be changed on a class basis. Plan or rate changes may be subject to final approval by the applicable regulatory authorities.

**** First year discounted rates are not available to insureds in OH or KY. Members receive a 6% rate discount during their first twelve months of coverage. There are no other discounts. After the 12th month, the rates go up 6%.

 

If you're looking to enroll in TRICARE Supplement, the cost can vary depending on your age and the number of children you have. If you're under 40 years old, you can pay as little as $26.32 per month. If you're between the ages of 60 and 64 and opt for a low deductible, your monthly cost may be as low as $56. Adding children to your plan is also affordable, with costs as low as $22.00 per child. For a family of two adults and two children between the ages of 45-49, the monthly premium would be as low as $106.

 

It's important to note that the rates illustrated are per person and include a first-year discount of 6%. As you move from one 5-year age bracket to another (40, 45, 50, 55, 60), your premiums will increase. The company reserves the right to change premiums on a group-wide basis to maintain the financial solvency of the plan. First year discounted rates are not available to insureds in OH or KY. Members receive a 6% rate discount during their first twelve months of coverage. There are no other discounts. After the 12th month, the rates go up 6%.

 

It's also important to note that this coverage is only available to GEA members and their dependents. If you're not already a member of GEA, it's easy to become one. You can find a membership application included with the CHAMPVA SUPPLEMENT. By becoming a member of GEA, you'll have access to TRICARE Supplement coverage and other benefits to support your health and well-being.

If you or your spouse is considering adding a TRICARE Supplemental Insurance Plan, contact us and get started. 

 

These are insurance products, please read important information below.

MAY NOT BE AVAILABLE IN ALL STATES.

To be eligible for the TRICARE health benefit program, you and your eligible family members must be registered in the Defense Enrollment Eligibility Reporting System (DEERS). To register, verify, or update your family’s information in DEERS, visit the DEERS website. Information on TRICARE can be found on the TRICARE website: www.tricare.mil. 

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