Browsing: FEHBP

Q. I am 63 and retired from Tobyhanna Army Depot. I have coverage with Geisinger Health Plan as part of my retirement package. I have Tricare standard, being retired military. How do I drop Geisinger since I receive Tricare at no monthly cost? It makes no sense to pay for one that is close to $300 per month when I have Tricare that has a much lower deductible, and I will have to come under Medicare Part B in the near future. How do I do this?

Q. I am in my 11th year of federal service under FERS with the Department of Veterans Affairs. I plan to take a break from federal service and accept a private sector job for at least two years; but I eventually plan to return to federal employment in the future. 1. Can I leave my TSP account unchanged for the interim, or will I have to roll it over elsewhere? 2. Once I return to a federal job, will I have to have at least five continuous years yet again to be eligible to continue my FEHB coverage when I retire? 3.…

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…

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