Quote:
Originally Posted by larcha
"Federal Retirement" recently presented a series of Medicare columns. Those employees who are within five years of retirement eligibility and current federal retirees are highly encouraged to read each of those columns in order to get a better understanding of how FEHB program health plans coordinate with Medicare. Federal retirees who enroll in Medicare can save thousands of dollars during their retirement by being enrolled in both Medicare and an FEHB health plan considered to be a Medicare supplemental plan. Federal retirees who enroll in Medicare do not have to purchase a private Medicare supplemental plan or a Medigap plan.
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Some Federal retirees can save thousands, but most do not.
I would point out that the companies that sell the FEHB insurance plans are in business to make money. They want retirees to sign up for Medicare because it saves them a lot of money in claim payments. In fact, they would like the Federal Government to require retirees to have Medicare, like many private companies do. That is why they offer rebates and other benefits to encourage retirees to have Medicare. But those benefits are calculated to benefit the insurance company, not the retiree. That is why it is important to calculate the cost and benefits for your particular situation.