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) and 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.
Ad
Claim Social Security at the wrong age, and the cost is permanent
Claiming too early can lock in a smaller check for the rest of your life — and there’s no do-over. This workshop lays out the real math behind timing it right, alongside everything else on your path to retirement. Get the details at a free FedImpact Workshop near you.