Ask The Experts: Retirement

By Reg Jones

FEHB family coverage during postponed annuity

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Q. I am a FERS employee with 14 years at Department of Agriculture, and will turn 60 this month. I plan to retire in January under MRA+10 but want to postpone receiving my annuity until I reach age 62 to minimize the 5 percent-per-year reduction.

My wife (nonfederal) and I have been enrolled in Federal Employees Health Benefits family coverage for the past 14 years. Can I continue my existing FEHB family coverage during a postponed annuity (at my own expense, plus 2 percent, for 18 months from my retirement date) at the conclusion of which I’d begin my annuity, and be eligible to receive full government contribution toward family FEHB coverage?

A. Yes.

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