Navigating your healthcare options at retirement can be overwhelming for federal employees. We specialize in providing expert guidance and personalized advice to help federal employees make informed decisions about their post-retirement healthcare. Our team of knowledgeable professionals understands the intricacies of the Federal Employees Health Benefits (FEHB) program and Medicare. We can help you evaluate eligibility, compare coverage, and understand coordination of benefits. We consider factors such as enrollment timing, prescription drug coverage, Medigap policies, and the continuation of FEHB after retirement. Trust us to provide comprehensive assistance tailored to your unique needs, ensuring a smooth transition into retirement with peace of mind.
Things To Know About Pension Calculation
Here are a few important things to know when it comes to Federal Pension Calculation. For further information and to see how this applies to your specific retirement, contact us!
Here are a few important things to know when it comes toThe Federal Employee Health Benefit and Medicare. For further information and to see how this applies to your specific retirement, contact us!
- Basics
- Considerations
- How Can FERA Help
Federal Retirement Healthcare: A dose of the basics
- You have the option to continue using your FEHB post-retirement which is simply deducted from your monthly pension payment
- Your FEHB premiums may change in retirement, it’s important to know what this expense will be so you can plan accordingly
- Once enrolled in Medicare, you can no longer contribute to an HSA. However, you can still use the funds accumulated in your HSA for eligible healthcare expenses.
Important things to consider when it comes to healthcare in retirement
- You must be enrolled in FEHB for at least the five CONSECUTIVE years prior to retirement in order to continue coverage!
- Although you will most likely keep your FEHB in retirement, you may still need to enroll in Medicare part A and B at age 65
- You’ll need to decide if you’re going to keep your spouse on your FEHB
Retirement healthcare can be complicated, but we’ve got you covered!
Every situation is different when it comes to healthcare in retirement. We can help you evaluate what option will be correct for you and your specific situation. We will help you understand the basics of rolling your FEHB into retirement and even provide clarity on Medicare and how the 2 work together for you.
