Reg Jones, a charter member of the senior executive service, is a renowned expert on retirement and the federal government at Federal Times. From 1979 until 1995, he served as an assistant director of the U.S. Office of Personnel Management handling recruiting and examining, white and blue collar pay, retirement, insurance and other issues. He has extensive knowledge about the Federal Employees Health Benefits program (FEHB) and its many features.
One of the most attractive aspects of FEHB is that retirees can switch from one health benefits plan to another during the annual Open Enrollment season. This allows them to make changes every year if they want to do so. According to NARFE (the National Active and Retiree Employees Association), a large number of retirees choose not to enroll in Part B because they already have adequate coverage without it.
If you’re considering switching health plans, there are several things you should consider before making your decision. Firstly, you should compare the premiums and deductibles for each plan to ensure that you’re getting the best value for your money. You should also look at the network of providers covered by each plan and their availability in your area. Additionally, you should consider any additional benefits or services offered by each plan that may be important to you or your spouse.
If you decide to switch plans and later find out that it doesn’t meet your expectations, it may be possible to switch back to your previous plan during the next Open Enrollment period. However, it’s important to note that there may be limits on how often you can change plans within a certain time frame or under certain circumstances.
Lastly, it would be interesting to know what percentage of retirees use FEHB in combination with Medicare part A only versus those who use Part B in addition to their FEHB coverage