CALCULATION OF MONTHLY PREMIUMS FOR COVERAGE UNDER TRICARE RESERVE SELECT AFTER 2008.

SEC. 704. CALCULATION OF MONTHLY PREMIUMS FOR COVERAGE UNDER TRICARE RESERVE SELECT AFTER 2008.(a) Calculation of Monthly Premiums for Years After 2009.—Section 1076d(d)(3) of title 10, United States Code, is amended—(1) by inserting “(A)” after “(3)”;(2) in subparagraph (A), as so designated—(A) by striking “that the Secretary determines” and inserting “determined”; and(B) by striking the second sentence; and(3) by adding at the end the following new subparagraph:“(B) The appropriate actuarial basis for purposes of subparagraph (A) shall be determined, for each calendar year after calendar year 2009, by utilizing the actual cost of providing benefits under this section to members and their dependents during the calendar years preceding such calendar year.”.122 STAT. 4499(b) Calculation of Monthly Premiums for 2009.—For purposes of section 1076d(d)(3) of title 10, United States Code, the appropriate actuarial basis for purposes of subparagraph (A) of that section shall be determined for calendar year 2009 by utilizing the reported cost of providing benefits under that section to members and their dependents during calendar years 2006 and 2007, except that the monthly amount of the premium determined pursuant to this subsection may not exceed the amount in effect for the month of March 2007.(c) Effective Date.—The amendments made by this section shall take effect as of October 1, 2008.