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The federal government offers retirement benefits to eligible retirees through the Federal Employees Health Benefits Program. ... available before you turn 65. Option 3: COBRA ... dental coverage ...
GEHA was one of the first insurance carriers eligible to provide coverage to federal employees under the Federal Employees Health Benefits Act of 1959. The FEHBP contracts with several hundred health insurance plans to provide coverage for more than 8 million federal enrollees and dependents, including retirees.
Perhaps the most important information you need to know may be found at medicare.gov, the website for the federal health insurance program for people who are 65 and older.
Medicare is the federal health program for people in the U.S. over 65 and has several different parts. Retirees typically don't enroll in all parts of Medicare and have some optionality when choosing.
Unlike traditional pensions, though, approximately 2/3 of the liabilities for "Other postemployment benefits" are at the local level. Large, progressive cities also face huge OPEB liabilities. For instance, New York City has an OPEB liability valued at $85.5 billion in the long term and costs the city $3 billion annually. [11]
In the Washington, D.C. metropolitan area, plans open to all federal employees and annuitants include 10 fee-for-service and PPO plans, seven HMOs, and eight high-deductible and consumer-driven plans. [4] In the FEHB program the federal government sets minimal standards that, if met by an insurance company, allows it to participate in the program.
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