Mine (402) only increased 2% but if I changed from Family to Self+1 it would only be a 1% increase. I'm glad I changed before I retired as it's still way lower than BCBS Standard.
I am soon to be Medicare eligible. No change in premium but you do get a reduction in deductibles and copays if you elect Medicare Part B (there is a premium for Part B). I'm still trying to figure out the best combination of plans. Spouse is not Medicare- Eligible yet.
Evil,
Fortunately, I retired in 2012 !!!
Scout,
That's a nugget I did not realize !!! Can you steer me to someplace with info on how that works, in the FEHB health plans ? What happens if you DON'T select Part B ???
I think the Part B premium is somewhere ~ $125/month or so. I won't be Medicare eligible for a few years yet, but sounds like you're right...I'll have to do some more number-crunching, to see what makes sense !
Thanks for the responses !!!
Stoplight...
"Too old to rock and roll...too young to die"... - I. Anderson
"What happens if you DON'T select Part B ??? "
If you don't elect to join Part B at 65, your FEHB plan continues as primary insurance, but provider compensation is lowered to the Medicare level. That shouldn't affect the patient.
Also, if you change your mind some years later, there is a permanent premium increase of 10% penalty for each year of delay. Also, watch the income thresholds because the increased premium for Part B due to income surprises some people.
Each FEHB plan should address medicare; FEHB = Medicare Part B + Part D (Prescriptions)
https://www.medicare.gov/what-medica...ers/index.html
Stop I got my information from Blue Cross. They mailed me a brochure that explained what happens when you merge Medicare and federal BCBS. I assume without Part B you keep your regular deductibles and copays. I'm still researching. If I get other info I'll pass it on.
Scout,
That's a nugget I did not realize !!! Can you steer me to someplace with info on how that works, in the FEHB health plans ? What happens if you DON'T select Part B ???
I think the Part B premium is somewhere ~ $125/month or so. I won't be Medicare eligible for a few years yet, but sounds like you're right...I'll have to do some more number-crunching, to see what makes sense !
Thanks for the responses !!!
Stoplight...[/QUOTE]
OK- the NEW FEDERAL EMPLOYEE HEALTH BENEFIT RATES FOR 2020 ARE NOW PUBLISHED!!!
You can go to the OPM website, and see what the premiums are going to be for 2020, as well as see plan changes and new plans available.
Here is the link:
https://www.opm.gov/healthcare-insur...tion/premiums/
Enjoy! !
Weatherweenie's Account Talk
Teddy Roosevelt: Patriotism means to stand by the country. It does not mean to stand by the president or any other public official. Retired on November 30, 2023 with 30+ years of service.
Premiums keep going up, benefits keep going down. The same health plan I had for years had a pretty nice cost increase, meanwhile, it now only covers 1 dental cleaning per year (used to be 2)
I need to take a deeper look at the comparisons over the years of how much crappier the coverage has gotten to see how hard we're getting screwed
Yeah I got hit the past year with a ~$150 dental bill to cover an x-ray. Dentist didn't realize that benefit had been removed for 2020 and neither did I.
It's only going to get worse. Think of all those people who are wasting time getting (free) COVID tests "just to be safe". Someone has to pay for that.
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