Which is better? FEHB or Medicare? Or both? Or none?
Kevin addresses the confusion surrounding adding a spouse to health insurance and electing a survivor benefit in retirement. He clarify that getting married in retirement is a qualifying life event that allows you to add your spouse to your health insurance, but to keep the survivor benefit, you need to elect it and start paying for it. If you don't elect the survivor benefit and only add your spouse to health insurance, they will be kicked off if you die. He admits that the survivor benefit program is confusing, but encourages attending workshops to learn more about it. Overall, he explains that adding a spouse to health insurance and electing a survivor benefit in retirement are two separate processes. Getting married in retirement allows you to add your spouse to health insurance, but to keep the survivor benefit, you must elect it and start paying for it, even paying back missed premiums. It is recommended to attend workshops to better understand the complexity of the survivor benefit program. Join us at a Fed Pilot workshop (webinar or in-person) and not only learn about your benefits, but how to prepare for retirement. The earlier in your career, the better. Register: https://fedpilot.com Want to ask a question for me to answer in a video? Ask at https://fedpilot.com/contact-us
Adding a new spouse to FEHB in Retirement?
Kevin discusses the rules for maintaining Federal Employee Health Benefits (FEHB) into retirement. To keep FEHB, an individual must have it for five consecutive years before retirement. However, if there is a break in service, the individual may not meet this requirement. Whether or not the individual can still maintain FEHB depends on the circumstances surrounding the break in service. He emphasizes the importance of discussing benefits with a professional to ensure readiness for retirement. Overall, this video highlights the complexity of maintaining FEHB and the need for careful consideration of individual circumstances. Kevin encourages individuals to attend workshops and engage in discussions about their benefits to make informed decisions about retirement. Join us at a Fed Pilot workshop (webinar or in-person) and not only learn about your benefits, but how to prepare for retirement. The earlier in your career, the better. Register: https://fedpilot.com Want to ask a question for me to answer in a video? Ask at https://fedpilot.com/contact-us
Can I still have Health Benefits if there is a break?
Kevin discuss the situation where a federal employee asks if she can add her spouse back to her health insurance plan after he quit his job and lost his coverage. Unfortunately, since losing a job is not a qualifying life event (QLE), the answer is no. However, there are some QLEs that do allow for adding or removing someone from a health insurance plan in the middle of the year, such as marriage, birth, divorce, or death. He emphasizes the importance of making plans for retirement and considering potential scenarios that may occur. By doing so, retirees can avoid unexpected situations and have contingency plans in place. Attending workshops can provide valuable information and help individuals learn about retirement plans and how to prepare for them. Join us at a Fed Pilot workshop (webinar or in-person) and not only learn about your benefits, but how to prepare for retirement. The earlier in your career, the better. Register: https://fedpilot.com Want to ask a question for me to answer in a video? Ask at https://fedpilot.com/contact-us
Can I add my Spouse to health care?
Was this helpful information? Just wait until the workshop! Join us at a Fed Pilot workshop (webinar or in-person) and not only learn about your benefits, but how to prepare for retirement. The earlier in your career, the better. Register: https://fedpilot.com Want to ask a question for me to answer in a video? Ask at https://fedpilot.com/contact-us/
Can I Wait on Part B?
Retire under 5 years?
Is Medicare Part B Required with TRICARE?
Is Medicare Part A Free?
Can I enroll in FEHB after retirement?
Medicare Part B or a Penalty?
