Q. My office is offering Voluntary Early Retirement Authority to qualified employees. I have been employed by the federal government for 26 years and have been covered under health insurance since my initial appointment. I carry the self-and-family plan.
I am considering taking the VERA in January. At the same time, I am considering an employment opportunity outside the federal government should I retire. That company provides health insurance for their employees and family members. I will not work for them long enough to carry their health benefits once I decide I am done working for good.
Is there a way to suspend my health insurance benefits, then re-enroll once I am no longer covered by the other company? Or, is it best to keep the plan I have now?
A. No, there isn’t any way you could suspend your FEHB coverage and re-enroll at a later date.