Should I Take Medicare or Just Keep FEHB?
Are federal employees better off with Medicare or FEHB in retirement? These are some considerations.
Stay informed on Medicare topics that matter to federal retirees, including how Medicare Parts B and D coordinate with FEHB coverage, annual premium and deductible changes, and the impact of IRMAA surcharges on retirement income. Explore clear explanations of enrollment decisions, cost considerations, and policy updates that affect federal retirement planning. This section provides timely analysis to help federal retirees understand how Medicare choices interact with FEHB, OPM guidance, and long‑term healthcare costs in retirement.
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.
Postal reform legislation may impact the rest of the federal workforce by changing Medicare eligibility and increasing FEHB costs.
IRMAA is a potential added expense that can raise your Medicare Part B or Medicare Part D premiums in retirement.
As the author explains, the costs for Medicare Part B may end up being higher than federal retirees are expecting.
The author summarizes five common misconceptions federal employees frequently have about their retirement benefits.
How much will Medicare Part B premiums increase in 2021?