Q. If my wife retires at 62½, and I am a private sector retiree, how much will her FERS annuity be reduced in order for me to continue being covered by her FEHB enrollment?
Q. Is the cost of the spousal benefit I elect on the day I retire (approximately 10 percent of my pension) set in stone? Or do I have to pay more each year because the value of my pension is going up due to the cost-of-living adjustment (COLA)? (Is it 10 percent of retirement pay on Day 1 and that amount is paid forever, or 10 percent of my pension as it goes up due to COLA? Is the value of my spousal benefit based on 55 percent of the amount of my high-3 pay at retirement or is it 55 percent of my pension at…
Q. My husband and I have always been enrolled in the FEHB Program. I plan to retire at the age of 60. My husband will continue to work until he is 62. We are both 54 years old. Will we both be covered when I retire? Can he continue on my insurance? If so, how much does the insurance go up?
Q. I am a federal retiree on Medicare parts A and B, and I also have Geha — a standard option that covers parts of my prescription costs. I was thinking about getting Medicare Part D just to be safe. I was told that if I sign up for Medicare Part D, then Geha will drop me. Is this a fact?