Not Electing Medicare Part B to Cover Health Premiums

A FedSmith.com user asks about his logic of not electing Medicare Part B to cover the cost of co-pays.

FedSmith.com author John GrobeBy Categories Q&A Leave a comment

Q: I am receiving health benefits under my wife’s Federal Blue Cross/Blue Shield plan. I did not elect part B at age 65 seven years ago. My logic was, and is, that the premiums saved by not electing part B would cover the co-pay. So far, that logic has worked fairly well. I suppose it will depend on my health over the remainder of my life. I realize I haved rolled the dice. What do you think?

A: I agree with your assessment.

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John Grobe is President of Federal Career Experts, a firm that provides pre-retirement training and seminars to a wide variety of federal agencies. FCE’s instructors are all retired federal retirement specialists who educate class participants on the ins and outs of federal retirement and benefits; there is never an attempt to influence participants to invest a certain way, or to purchase any financial products. John and FCE specialize in retirement for special category employees, such as law enforcement officers.