Final answer:
Beneficiaries who no longer have TRICARE eligibility can opt for the Continued Health Care Benefit Program (CHCBP) for temporary coverage. Medicare is for those primarily over 65 or with disabilities, while VA Benefits cater to veterans, and Private Health Insurance is broadly available in the market.
Step-by-step explanation:
Beneficiaries who have lost all TRICARE eligibility and qualify can purchase the Continued Health Care Benefit Program (CHCBP) to keep their coverage. The CHCBP is a premium-based program that offers temporary transitional health coverage for 18-36 months after TRICARE eligibility ends. It acts as a bridge between military health benefits and civilian health plans. On the other hand, Medicare, distinct from CHCBP, is a federal health insurance program primarily for people over sixty-five years old. However, it also serves individuals under 65 with certain disabilities. Eligible veterans may use Veterans Affairs (VA) Benefits to receive healthcare services at VA facilities. In contrast, Private Health Insurance in the broader market can vary greatly in terms of cost and coverage and is not funded by the government.