Are federal employees better off with Medicare or FEHB in retirement? These are some considerations.
Enjoying your Social Security benefit prior to age 65 means less money to pay the Medicare Part B premiums – for the rest of your life.
Current or retired federal employees under FEHB can get reimbursements for Medicare Part B premiums in some instances.
Even if you are on Medicare in retirement, you will need to budget accordingly for your health care costs.
Federal retirees who decide to work have a unique opportunity to use their FEHB coverage to help reduce their taxable income.
The author summarizes five common misconceptions federal employees frequently have about their retirement benefits.