Q. I have a follow-up question to your response of March 1 regarding a FERS retirement supplement question, which states in part that: “When your earnings in one year exceed the earnings limit, your special retirement supplement will be reduced in the following year.” What if you earn over the limit in the year you turn 62? You won’t be receiving the supplement in the following year, so it can’t be reduced. And, if I understand correctly, the reduction can only be applied to the supplement (and not the “regular” FERS annuity). Does that mean that for all practical purposes…
Monthly Archives: April, 2010
Q. I am 59 years old, and will be eligible for Medicare as of May 1 because of a disability. At present I am covered under my husband’s insurance through FEHBP (my husband is now deceased). Do I need to enroll in Medicare Part B, and if I do, then does my health insurance change? Will I become Medicare Primary and what FEHBP offers as a supplement or can I continue to keep my existing plan? A. It’s up to you to decide whether to enroll in Medicare Part B and pay the required premiums. If you do, Medicare Part…