FEHB Open Season is over—How about Medicare? How does FEHB Coordinate benefits with Medicare?

March 21st

Click Here to Download the Audio

This week on For Your Benefit, Bob Leins will host David Santana from the Centers for Medicare and Medicaid Services and Bob Braunstein, Federal Retirement and Benefits Expert to discuss how your FEHB Plan coordinates benefits with Medicare? 

To answer these questions you will need to know the following:

  • The difference between FEHB Open Season and Medicare enrollment periods
  • When you can enroll in Medicare and Medicare health plans
  • If I have both FEHB and Medicare, who's supposed to pay first?
  • Do my FEHB premiums change when Medicare pays first (is primary)?
  • How does healthcare coverage impact your personal income tax?
  • In what situation(s) does the new healthcare law impact an individual’s FEHB and Medicare?

Did you know that FEHB Open Season and Medicare Open Enrollment are not the same?

  • Each year, FEHB Open Season runs from the Monday of the second full work week in November through the Monday of the second full work week in December. The effective date of the Open Season change for most employees is the first day of the first full pay period in January. For annuitants this date will always be January 1.
  • Medicare General Enrollment period runs from January 1 through March 31 of each year, however coverage does not start until July 1 of the same year.

Topics: Pay & Benefits, Sponsored Content, For Your Benefit, Pay and Benefits, FEHB, Bob Leins, NITP, WAEPA, medicare, social security, Open Season, FEHBP, medicaid, fyb

 

 

 

 

 

 

 

 

Sponsored by: 

waepa

For Your Benefit, Mondays, 10 a.m.

Host Bob Leins and presenters from the National Institute of Transition Planning, the federal leader in retirement planning seminars, take your calls and emails every Monday. Each week, the show focuses on a specific area of retirement planning from financial security, taxes, federal benefits and estate planning, to life after retirement. Email your questions or call the show at 202-465-3080. Listen live!

nitp2