Question: My employer mandates insurance to all employees, however I am already covered by TRICARE when I retired from the military. I don't want my employers insurance and want my health and welfare portion to go into my retirement account. This adds up to over $8,300 a year which I feel I am entitled too. Can you please advise me.
Answer: You can opt-out of your employer-based coverage option in favor of your Tricare coverage, however your employer is under no obligation to pay you the unused premium.