Q. My wife and I are civil service retirees. We both are employed with health insurance. We still have FEHB.
I am planning to retire shortly. I will be able to transfer to my wife’s plan with her employer. After she retires, we will have about three or four years of coverage under that plan. After that, do we have to decide on whether to get Medicare Part B? Is my analysis correct?
A. Yes. As long as you are covered by your own plan while you are still working and your wife’s plan while she is still working, you won’t be penalized for waiting to enroll in Medicare Part B. However, once she retires, the clock will start ticking. That’s when you’ll have to make a decision.