Many federal retirees get caught in the complicated maze of figuring out whether to keep FEHB, add Medicare Part B, or switch to a Medicare Advantage plan. This video breaks down exactly how your expected healthcare usage should drive that decision.
Three main options for federal annuitants are covered:
- traditional FEHB plans
- Medicare Advantage plans through FEHB carriers
- and commercial Medicare Advantage plans with FEHB suspended
You’ll learn:
- When commercial Medicare Advantage plans make sense (and when they don’t)
- How Medicare Part B premiums and IRMAA surcharges affect your bottom line
- Why high healthcare users should think twice before leaving FEHB
- The prior authorization and provider network tradeoffs of Medicare Advantage plans
- Why federal annuitants have a safety net most Americans don’t
Watch this video (7 min., 43 sec) you’ll see how costs compare in low, average, and high healthcare years.
[Video from Kevin Moss, senior editor with the Guide to Health Plans for Federal Employees provided by Consumers’ Checkbook.]
Want to read the written column instead? Go here.
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