How do you handle potential insurance gaps while transitioning with a pregnant wife??

Sgt Aaron Shaw — Thu, 04 Feb 2016 09:54:08 -0500

Situation: Baby is due in August, shortly after separating. Insurance kicks in on the civilian side a couple of weeks after the due date. Is there something temporary to fill the gap?

Response by SFC Private RallyPoint Member made Feb 4 at 2016 9:58 AM

SFC Private RallyPoint Member — Thu, 04 Feb 2016 09:58:45 -0500

I believe you will have tricare transitional insurance for six months after you ETS.

Response by Capt Brandon Charters made Feb 4 at 2016 10:03 AM

Capt Brandon Charters — Thu, 04 Feb 2016 10:03:19 -0500

Lucas Buck is my insurance expert. He may have some advice on this situation.

Response by MCPO Roger Collins made Feb 4 at 2016 10:10 AM

MCPO Roger Collins — Thu, 04 Feb 2016 10:10:00 -0500

Not being a smart ass. but doesn't Obamacare cover this situation? Have you looked into the HCEs?

Response by 1SG Private RallyPoint Member made Feb 4 at 2016 10:20 AM

1SG Private RallyPoint Member — Thu, 04 Feb 2016 10:20:15 -0500

Per the Tricare website: The Transitional Assistance Management Program (TAMP) offers transitional TRICARE coverage to certain separating active duty members and their eligible family members. TRICARE eligibility under the TAMP is good for up to 180 days. Active duty sponsors and family members enrolled in TRICARE Prime who desire to continue their enrollment upon the sponsor's separation from active duty status are required to reenroll. To reenroll, the sponsor or family member must complete and submit a TRICARE Prime enrollment application.

Response by Lucas Buck made Feb 4 at 2016 10:57 AM

Lucas Buck — Thu, 04 Feb 2016 10:57:22 -0500

Sgt Aaron Shaw happy to help. Now is the time to really seek professional advice. I of course work for Farmers and am biased, but our agents truly make you smarter... as our whole ad campaign promises. I'm not much of an expert on Health insurance, but be sure to reach out to someone who is (Captain Obvious I know.) That being said, most local insurance agents are. We require our agents to be licensed in Property, Casualty, Life and Health and that will be the case for most companies... Allstate, State Farm, Nationwide, etc. will be the same way. Make sure all things are properly insured now... is your automobile covered? Home? Did you get an umbrella policy to cover EVERYTHING? Now is the time for Life insurance. I know the military has solid Life packages... but it is it enough? Look into Whole Life policies that work as tax-free retirement income as well as protect your assets. Find a good, trusted local agent and sit down with that person. Protect your assets and make sure you're setting up your family for success. Look into 529 College plans. Start one now for that little baby due... in 18 years you'll be amazed the money raised. [login to see] if you need anything. Happy to help.

Response by SN Greg Wright made Feb 4 at 2016 12:06 PM

SN Greg Wright — Thu, 04 Feb 2016 12:06:25 -0500

Sgt Aaron Shaw I don't know why you'd risk it. Even with Tricare there'll be copays. Why wouldn't you extend and let the military pay?