Q. I am a 51-year-old FERS employee whose minimum retirement age is 56. I will have over 30 years of service when I reach the minimum retirement age. A couple of years ago, I went under my wife’s health plan. We incorrectly assumed that she needed five years to become vested and that we could just stay under her plan when we retired (as with FERS). However, she is a Non-Appropriated Funds Defense Department employee and would need 15 years. I am picking up my Federal Employees Health Benefits insurance again so that I will have five years under the…
Browsing: self only
Q. I will be retiring soon, and I have an FEHB question. I have 27-plus years with USPS and have been in FEHB from the beginning. I’m now married and my wife has been on the plan more than 10 years. After I retire, if something happens to me, will me wife be covered as self only? I haven’t decided whether to take the survivor annuity because under FERS, she would get only $500 a month under the 50 percent selection. I might be able to buy an insurance policy that would be better. A. Unless you elect a survivor…