OPM Encourages FEHB Health Plans to Adopt Medicare Part D for Federal Annuitants

Snippet of Article: "...enrollment in Medicare Part D has gotten more attractive to federal retirees. Among the provisions passed into law following the IRA passage is a strengthening of Medicare Part D through several reforms. The most significant reform is an improvement to Medicare Part D catastrophic cost protection to an annual maximum out-of-pocket prescription drug expense of $2,000, lowered from $8,000 during 2024 and effective January 1, 2025.

The Office of Personnel Management (OPM), who runs the FEHB program, is now strongly encouraging FEHB program health plans to adopt the improved Medicare Part D prescription drug coverage as an alternative to FEHB prescription program coverage for federal retirees enrolled in an FEHB program and Medicare. ..."

Source: stwserve.com

---

FEHB and PSHB | Choose wisely: Not all healthcare premiums are increasing, but an average increase of 13.5% average

Not all healthcare premiums are increasing, but an average increase of 13.5% average

Snippet of Article: "...Federal employees and annuitants were met with a surprise when the Office of Personnel Management released details about the upcoming Federal Employee Health Benefits (FEHB) open season last month. Health plan premiums will rise by an average of 13.5% next year, marking the largest increase in recent memory. ...For the 144 FEHB plans available in 2024 and 2025, self-only premiums will decrease in 28 plans, stay the same in five plans, increase below the 13.5% average in 69 plans and increase above the average in 42 plans."

Source: federalnewsnetwork.com

FEHB,FEHB vs PSHB,Premiums Increase 13.5% on average, Inflation, Huge Healthcare Increases for Federal and Postal,

---

Can a currently retired postal employee keep their current FEHB policy instead of being forced on Postal Service Health Benefits (PSHB)?

How Current and Future Federal Retirees Could Be Affected by the Postal Service Reform Act of 2022

Snippet of Article: "...legislation requires USPS retirees enrolled in the Federal Employees Health Benefits (FEHB) program to also enroll in Medicare Part A (Hospital Insurance) and Medicare Part B (Medical Insurance) when they are first eligible (for almost all retirees, when they become age 65). ...It is important to emphasize that all current federal and postal service retirees have a choice as to whether they want to enroll in Medicare Parts A and B when they become age 65. ..."

Source: www.myfederalretirement.com

Postal Service Health Benefits (PSHB), FEHB vs PSHB, Current and Future Federal/Postal Retirees,