Reply to How to value fed health insurance benefit?

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Reply to "How to value fed health insurance benefit?"

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[quote=Anonymous][quote=Anonymous]Ask an HR specialist about this. I am not 100% in the details, but I know the health benefits “retirement” standard is different… you need x years in (less than the number required for pension) and you can start collecting earlier than Medicare (62.5 maybe?). Anyway, the $30k/year is about right (maybe a little high depending on your insurance), but I think you can claim your health benefits earlier than you think. [/quote]

In my experience, you need to be eligible for an immediately annuity (pension) to collect health benefits, but you do not need to maximize your pension. Depending on the year you were born and years in service, that age is around 55, with a reduction in our pension for every year you're younger than 62. Also depending on your agency and job, that age may be lower than 55 (based on years of service) because some separations can be "deemed" to be involuntary.

ACA insurance plans get much more expensive with age, I'd say $30k per person may be a little high, but a good cautious number for the future.

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