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TRICARE Costs Set to Increase Saturday

Health care premiums for military retirees are set to increase Saturday. The increase, which affects only those who enroll in the TRICARE Prime program after Oct. 1, 2011 will pay $260 per year (an increase of $30) and families will pay $520 per year (a $60 increase).

Because of Washington’s current focus on cutting the budget deficit, additional cost increases are likely in the near future. According to the Associated Press, the cost of the TRICARE health program has increased from $19 billion in 2001 to an estimated $53 billion this year.

Secretary of Defense Leon Panetta has indicated that any cost increases would not affect current active-duty military or retirees.

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