Ask The Experts: Retirement

By Reg Jones

Cancel FEHB coverage?

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Q. If I am 100 percent disabled due to a service-connected disability and entitled to free health care with the Veterans Affairs Department for life, does it make sense to cancel the Federal Employees Health Benefits insurance that I have had since I retired in 2004? I am also covered under my wife’s health insurance through her former employer.

A. I can’t tell you if it makes sense. That’s something you’ll have to figure out. Review the benefits you receive from VA and those you and your wife receive both from her employer plan and your FEHB enrollment. Keep in mind that former employer plans can be reduced or terminated, unlike those under the FEHB program. If you decide to continue your FEHB enrollment, you might consider selecting a plan with adequate coverage but low cost.

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