What should I know if I have drug coverage from TRICARE, the Department of Veterans Affairs (VA), or the Federal Employee Health Benefits Program (FEHB)?

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What should I know if I have drug coverage from TRICARE, the Department of Veterans Affairs (VA), or the Federal Employee Health Benefits Program (FEHB)?

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Contact your Benefits Administrator or FEHB insurer for information about your TRICARE, VA, or FEHB coverage before making any changes. It is almost always to your advantage to keep your current coverage without any changes. If you lose your TRICARE, VA, or FEHB coverage, in most cases you won’t have to pay a penalty, as long as you join a Medicare drug plan within 63 days of losing TRICARE, VA, or FEHB coverage.

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