Reply to Can't I just keep my health insurance and not sign up for Medicare?

Forum Index » Money and Finances

Reply to "Can't I just keep my health insurance and not sign up for Medicare?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]Not a fed here, but do feds really have the option to retire and keep their federally provided insurance and not go on Medicare?  That's nuts.[/quote]

The fed insurance becomes their secondary supplemental to Medicare once retired and 65.They can keep part d drug coverage at fehb though. If spouse is younger fehb is still their primary of course. [/quote]

To expand and clarify the above. Retirees are not required to sign up for Medicare part a or B upon reaching the age 65. They can choose to continue FEHB for primary and only health coverage without a rolling in Medicare.

They can also use Medicare as their primary and FEHB as secondary. This can provide additional benefits, such as lower out-of-pocket cost as FEHB may cover costs that Medicare does not, like some copayments and deductibles.

Most federal employees are automatically eligible for premium free Medicare part A which is the hospital insurance. Enrolling and Part A is generally recommended as it’s free and can complement Fehb coverage. Enrolling in part B, which is the medical insurance for Medicare, is optional and requires a monthly premium. If a retiree opts out of part B, they can still rely solely on FEHB. However, if they decide to enroll in part B later they may face the late enrollment period of a 10% premium increase for each 12 month they were eligible, but did not enroll.

Enrolling in both Medicare and FEHB can reduce costs and provide more comprehensive coverage. Particularly for services like outpatient care or prescription drugs, depending on the FEHP plan.

Some FEHB plans, waive co-pays or deductibles after the retiree is rolled in Medicare parts A&B making coordination financially advantageous.

If opting out of part B, ensure FEHB provides adequate coverage for medical services.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics