Browsing: HEALTH INSURANCE

FERS MRA+10 and heath coverage

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Q. If my wife chose to retire now, at her minimum retirement age of 56 with 13 years of FERS service, would she be able to postpone her annuity until age 60?  She currently carries FEHB (self), as long as she has had it the last five years, can I pick her up under my FEHB (self+1 or family) once she retires and then when she becomes 60 she can reinstate her own self-plan at that point?

Leaving federal service

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Q. I am a federal employee (FERS employee from January 1988 to the present) who will likely be leaving federal employment for a private sector position in a different city. What happens to the following: 1. Can I either leave my money in the TSP account or roll it over; in any case, I am not touching the balance until I retire. 2. Am I correct that my retirement annuity freezes until I actually retire and that it would be based on the following calculation — years of service (.26) x the average of the high-3 annual salary? 3. Do…

Removing a spouse from family coverage

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Q. I presently have self-and-family health insurance through Blue Cross-Blue Shield. I will retain family coverage for the children but want to drop my wife from coverage. Can I legally do this? She is eligible for Medicare due to disability. I am not retired. A. No, you can’t. There are only two enrollment categories in the FEHB program: self and self-and-family. You are enrolled in the latter, which means that all your eligible family members are included.

FEHB re-enrollment after disability

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Q. I have been approved for Federal Retirement Disability after having applied for it almost 15 months ago. I am receiving interim payments. I was separated from my federal position before I applied and could not afford to pay for COBRA benefits during the time I waited to be approved. When could I anticipate receiving my health insurance benefits back? How will they calculate my portion of the health insurance premium?

FEHB provider and premiums wrong

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Q. I retired from the U.S. post office in January. I changed my FEHB provider during the 2013 open season, but according to the retirement booklet that OPM sent me in February and my 4/1/14 first full annuity statement, it still shows me as having my old coverage. Will (or should) they automatically correct this? I called OPM about this mistake and was told that it is my responsibility to correct this error by submitting proof of switching providers? Is this correct?

FERS retirement

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Q. This is a two part question. I’m a FERS employee with a minimum retirement age of 56 1/2. I would like to retire at my MRA if possible but want to make sure I understand the penalties and rules. First, I will be about 1 1/2 years short of 30 years with the government at age 56 1/2. It’s my understanding that I can still retire at that age but can postpone receiving an annuity to avoid the 5 percent per year penalty if I don’t take benefits until age 60. Is this correct? Second, if I decide to…

FEHB health benefits

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Q. I worked for the federal government for 18 years under the FERS plan. I was enrolled in the FEHB program for the entire length of my employment. I resigned in my 40s. I am now 57 and have been rehired as a government employee, and I have enrolled in the FEHB program once again. I am past my minimum retirement age at this point. If I retire in the next few years, am I eligible to keep my health benefits even though I will not have worked five years since I was re-employed?

Medicare

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Q. Does my wife have to sign up for Medicare? If so, when does she have to sign up? And, if my wife does not sign up for Medicare, will she incur any penalty? Scenario: I am a working FERS employee and my wife still works. She is not a government employee. I have self-and-family Federal Employees Health Benefits coverage. I am not yet age 65. My wife will turn 65 this year.

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