Browsing: FEHBP

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. 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?

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