Get Ri73-564 - Fehb Brochure - Pacificare - Opm

Important: You will not be eligible for FEHB coverage after retirement unless you are enrolled before you retire and meet all the requirements for continuing enrollment after retirement (see page 16). / you change to or from part-time career employment.

Early Retirement You will be able to keep your Federal Employee Health Benefits (FEHB) and Federal Employee Life Insurance (FEGLI). However, your monthly annuity is reduced – so you'll need to weigh your options.

You must work at least 5 years with the Federal Government before you are eligible for a FERS Federal Pension, and for every year you work, you will be eligible for at least 1% of your High-3 Average Salary History.

You need to be enrolled in FEHB for five years before you retire, or for the entire time for which you were eligible to be enrolled, and retire on an immediate annuity to be eligible to continue coverage into retirement.

Improved Prescription Drug Coverage for Annuitants There are 17 FEHB plans that will offer a new Part D prescription drug plan in 2024. Plan members that have Medicare Part A or Medicare Parts A & B will be auto-enrolled in the Part D plan, except for BCBS plans which will only auto-enroll members that have both A & B.

Post-Retirement Benefits Upon retirement, federal employees receive a monthly annuity, which pays a portion of their salary from when they retire until they die. This annuity includes medical benefits, including health, vision, and dental insurance, provided the eligibility criteria are met.

The Federal Employee Program (FEP), also known as the Blue Cross and Blue Shield Service Benefit Plan, has been part of the Federal Employees Health Benefits (FEHB) Program since its inception in 1960. For Maryland, Washington, D.C. and Northern Virginia, this fee-for-service plan is administered by CareFirst.

To carry your insurance coverage(s) into retirement you must have been enrolled in FEGLI for the five years before your retirement, or from your earliest opportunity to enroll. If you don't meet that requirement, you cannot continue coverage.