By Reg Jones
Q. Where do I find specific details for the exception to let my surviving spouse continue in FEHB if I do not chose a partial or full survivor annuity? Or is there such an exception? In a 2013 Pre-Retirement Planning class manual dealing with Current Spouse Survivorship, it states surviving spouses who do not receive a survivor annuity cannot continue FEHB. It also states there is an exception for spouses married 30 years or more. I am retired Navy O-5 using both FEHB and Tricare Prime, married 37 years, and trying to decide what to do about health insurance when I retire after 10 years of FERS as a GS-14. I’m sure my FERS annuity will be large enough to warrant paying for the survivor annuity. Yet I am growing nervous about all the DOD proposed changes to Tricare. Read the rest of this entry »
Q. I recently read your comment regarding Medicare part A and Blue Cross coverage being sufficient for most retirees (according to NARFE). In your opinion, would Medicare parts A and B be sufficient for most retirees without Blue Cross coverage? It appears to me that route would be cheaper, but would the coverage be as good? Also, have there been any developments concerning self-plus-one rates for any of the health insurance policies offered to employees or retirees?
A. Only you can determine if the coverage would be as good for you. As for the self-plus-one option, OPM has postponed implementing it until next year.
Q. I am a retired USPS employee. Presently, I am enrolled with BCBS with self and family option. My wife wants to get Medicare Part B and cease to be enrolled with my FEHBP. Can my wife re-enroll with my plan if she decides to do so later on? Read the rest of this entry »
Q. I retired from the Army in 2011 and have been working as a contractor since then. I have just accepted a GS position. I have Tricare (retired) now. Does my new position have the option of Tricare or is that just a military thing? If not, then should I ditch the Tricare for the FEHB? Any advantages/disadvantages either way? Read the rest of this entry »
Q. Can you suspend FEHB after retirement if you are eligible for Tricare? Can you elect to go back on FEHB if desired? How would you do this? Read the rest of this entry »
Q. If my wife chose to retire now, at her minimum retirement age of 56 with 13 years of FERS service, would she be able to postpone her annuity until age 60? She currently carries FEHB (self), as long as she has had it the last five years, can I pick her up under my FEHB (self+1 or family) once she retires and then when she becomes 60 she can reinstate her own self-plan at that point? Read the rest of this entry »
Q. I am a reinstated federal employee with the Bureau of Prisons who is 59 years old and has 15 years of service time. I want to retire under the minimum retirement age and understand there is a five percent penalty for every year under the age of 62. But, am I able to keep my federal health insurance until I reach age 65?
Read the rest of this entry »
Q. If I retire at age 60 with 25 years of federal service, how will it affect my federal medical health benefits? Will I still be eligible for benefits to continue under the FEHB and will my benefit costs remain the same amount as if was working? Read the rest of this entry »
Q. I’m considering an early retirement from USPS. I currently have health insurance that costs me approximately $370 per month. It looks to me like I can actually get comparable coverage through the Obamacare site for less than my contribution to my current health insurance plan based on my projected income after retirement.
Would I be eligible to receive the discounted health plan from the new government program? I know that I’m not eligible to participate now as an employee of USPS because my employer provides health coverage. After retirement, I can continue to receive health benefits through USPS but the cost is much higher than the new health insurance plans. Does the fact that I could continue my existing health plan disqualify me from Obamacare? Read the rest of this entry »
Q. My wife works for the VA. I am covered under her BC/BS federal health insurance. I turn 65 in 30 days. Do I need to sign up for Medicare Parts A & B? If I need to sign up and if I use BC/BS plus medicare, are there any advantages? Read the rest of this entry »
Q. I plan on leaving federal service with the VA after 15 years of employment, having worked various jobs at GS-7 and GS-5 levels. I will be 48 years old upon my voluntary leave. Can I collect my VA pension immediately or do I have to wait till I reach a certain age to collect a monthly pension? And if I can collect my VA pension now, can I continue to pay for health insurance via monthly deduction from the pension amount? Read the rest of this entry »
Q. I am currently enrolled in an insurance program that will pay out excellent benefits should I die before my spouse. I am getting ready to retire under CSRS Offset. How much of a reduced survivor benefit do I need to take to ensure my wife maintains her health benefits? Read the rest of this entry »
Q. I have been CSRS with no broken service since 1978. I worked a few part time jobs when I was young, so I have only a few quarters of Social Security. When I turn 65 in a few years, I want to sign up for Medicare Part A and B. I know I will have to pay for Part B, but will my 36 years of CSRS be enough for me to get free Medicare Part A? Read the rest of this entry »
Q. I retired from the U.S. post office in January. I changed my FEHB provider during the 2013 open season, but according to the retirement booklet that OPM sent me in February and my 4/1/14 first full annuity statement, it still shows me as having my old coverage. Will (or should) they automatically correct this? I called OPM about this mistake and was told that it is my responsibility to correct this error by submitting proof of switching providers? Is this correct? Read the rest of this entry »
Q. Does my wife have to sign up for Medicare? If so, when does she have to sign up? And, if my wife does not sign up for Medicare, will she incur any penalty?
Scenario: I am a working FERS employee and my wife still works. She is not a government employee. I have self-and-family Federal Employees Health Benefits coverage. I am not yet age 65. My wife will turn 65 this year.
February 17th, 2014 | Coverage after retirement Deferred retirement discontinued service retirement DOWNSIZING FEHBP HEALTH INSURANCE Minimum retirement age RETIREMENT separation Special retirement supplement
Q. I am 57 years and two months old. I am most likely going receive a sanction on my nursing license in late April or early May. I have 21 years and three months of service, including three years of military buyback time. I have carried federal health insurance since 1995. If I wait until the probable board sanction and I get terminated, will I still be able to defer retirement until age 60? Will I still be able to continue health insurance at age 60? Or would it be better to retire the day before the stated board of nursing action and avoid termination? Also, if I am terminated do I go to human resources and apply for deferred retirement, or do I do it through the Office of Personnel Management?
Q. I am planning my retirement. Once I retire, do I have to pick up the full amount for my health insurance, or does the government still contribute toward the premium?
Q. I am 57 years and two months old. I have 21 years of federal service (FERS), including two years and 11 months of military buyback time. I am considering early retirement. I have maintained Federal Employees Health Benefits since I started 18 or so years ago. The human resources experts here are telling me that if I defer my retirement to age 60 (which I am eligible) that I can never again receive FEHB. I cannot find that statement anywhere. I have seen a local in-service slide presentation that you can defer retirement until age 60 or 62 and pick up health insurance at that time. Can you tell me what is correct in this scenario?
February 10th, 2014 | Coverage after retirement Creditable service: FERS Deferred retirement Early retirement FEHBP HEALTH INSURANCE Minimum retirement age MRA + 10 Postponed retirement Re-enrollment RETIREMENT
Q. Do I have any options for early retirement that will allow me to keep Federal Employees Health Benefits if I retire at age 52-55 with 20-23 years of service with a minimum retirement age of 57? I know I can take postponed, but then I lose FEHB. So I was wondering if there was any other way.
Q. I am 61 years old, a retired postal worker. My husband is turning 65 in July. I carry our medical insurance, Blue Cross/Blue Shield. Should my husband sign up for Medicare Part B, or is he required to do so?