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Federal retirement expert, Chris Kowalik, examines the two parts of Medicare that retiring federal employees should be most concerned about, the pros and cons of having both FEHB and Medicare in retirement, plus three different FEHB and Medicare combinations — and their advantages and disadvantages.
FEHB is available to active employees and certain FERS/CSRS retirees. To keep your FEHB in retirement, you’ll need to meet two conditions: Eligible for an immediate, unreduced pension. Enrolled in FEHB for the last 5 years, including your last day. Medicare is available when you turn 65 years old.
While employed, FEHB is the primary insurance, but Medicare takes over as the primary payer after retirement. FEHB: Cancel or suspend? Retirees have two choices when it comes to managing their FEHB coverage alongside Medicare: canceling or suspending.
As an active or retired Federal employee, you may be covered by both the Federal Employees Health Benefits (FEHB) Program and Medicare. Learn how these two coverages work together to meet your healthcare needs while you’re working and in retirement.
FEHB Coverage After Retirement. Generally, you must have FEHB coverage for at least five continuous years prior to retiring for your benefits to carry over into retirement. Though it’s never mandatory to take Medicare, there are some considerations you should make if you have FEHB coverage and are retiring.
How FEHB and Medicare work together Premiums: Your FEHB premiums will continue to be deducted from your salary. On the other hand, your Medicare premiums may be deducted from your Social Security or RRB retirement benefit or billed to you.
| No, retired federal employees covered under the Federal Employees Health Benefits (FEHB) program aren’t required to enroll in Medicare. Your federal retiree coverage can continue as your primary coverage if you’ve been continuously insured for five years immediately before departing.