What should I know about my Medicare plan from Blue Cross Blue Shield?
Keep in mind that you may have copayments, coinsurance amounts, and deductibles with your Medicare plan from Blue Cross Blue Shield. In addition, please note that not all plans may be available in all locations, and plan benefits and premiums may vary from place to place.
How long has Blue Cross been covering federal employees and retirees?
For nearly 60 years, we’ve been covering federal employees and retirees. MEDICARE AND BLUE WHEN YOU RETIRE, YOUR SERVICE BENEFIT PLAN COVERAGE DOESN’T CHANGE.
What types of Medicare plans does BCBS offer?
In most states, you may be eligible to enroll in one of the following popular types of Medicare Advantage plans and Medicare Part D Prescription Drug Plans from Blue Cross Blue Shield (BCBS). Please note that BCBS may not offer every plan type in every state or county. Medicare Advantage Health Maintenance Organization (HMO) plans.
Is Blue Cross and blue shield right for You?
together for you. The Blue Cross and Blue Shield Service Benefit Plan is the number one choice of federal retirees in the Federal Employees Health Benefits Program. For 60 years, we’ve been covering federal employees and retirees. What's Medicare?
Can federal employees have both FEHB and Medicare?
The answer: yes! FEHB coverage is comparable to Medicare coverage. Therefore, beneficiaries in the federal program may delay joining a Part D plan; likewise, they're exempt from any Part D late enrollment penalties.
Are CSRS retirees covered by Medicare?
Those who chose to remain in CSRS are still not covered under Social Security and are not eligible for SS retirement benefits. But they do qualify for Medicare through taxes paid on federal earnings.
Do federal employees have to take Medicare Part B?
You don't have to take Part B coverage if you don't want it, and your FEHB plan can't require you to take it. There are some advantages to enrolling in Part B: You must be enrolled in Parts A and B to join a Medicare Advantage plan.
Can I keep my FEHB after age 65?
If I Continue to Work Past Age 65, is My FEHB Coverage Still Primary? Your FEHB coverage will be your primary coverage until you retire.
Is CSRS pension for life?
The Civil Service Retirement System (CSRS) is a pension plan for federal employees created in 1920. CSRS provides a generous lifetime annuity to civil servants after retirement, based on their age, average salary, and years of service.
Can you draw CSRS retirement and Social Security?
The CSRS was a stand-alone government pension program whose annuities were never meant to supplement Social Security benefits. Hence, federal employees can receive both CSRS annuity and Social Security benefits.
Do most federal retirees get Medicare Part B?
About 70% of federal retirees enroll in Part B, which means paying two premiums and in essence two duplicative insurance programs. A portion of the retirees that join Part B might do so as a hedge against the elimination of FEHB retiree benefits.
Do you really need Medicare and FEHB as a federal employee?
2:0819:12Do You Really Need Medicare and FEHB as a Federal Employee?YouTubeStart of suggested clipEnd of suggested clipPart c and d. Really don't come into play first part d is prescription drugs which your federalMorePart c and d. Really don't come into play first part d is prescription drugs which your federal health plan already covers what part d part d would cover. And you're not gonna need a supplement.
Do retired federal employees have to enroll in Medicare?
Most Federal employees do not need to enroll in the Medicare drug program, since all Federal Employees Health Benefits Program plans will have prescription drug benefits that are at least equal to the standard Medicare prescription drug coverage.
Do federal retirees need Medicare Part B FEHB?
Unlike most people with retiree coverage, who must enroll in Medicare Part A and Part B when they're first eligible, enrollment in Medicare is not mandatory if you have federal retiree coverage through the Federal Employee Health Benefits Program (FEHB).
Is Medicare Advantage better than FEHB?
Most MA plans are comparable to FEHB plans in hospital and medical benefits, but the prescription drug benefits will not be as good as in the FEHB program because the plans have a “coverage gap” where you are responsible for all or most drug costs until you reach a catastrophic limit.
How do I keep my FEHB in retirement?
To continue your health benefits enrollment into retirement, you must: (1) have retired on an immediate annuity (that is, an annuity which begins to accrue no later than one month after the date of your final separation); and (2) have been continuously enrolled (or covered as a family member) in any FEHB Program plan ( ...