Here are some that have come from members of the National Active and Retired Federal Employees Association over the past few weeks: It is not surprising that retirees have questions about these new benefits. GEHA, like many FEHB plans, has a Medicare and a new Medicare Advantage link on their website where you will find explanations of the options that are available for members who want to add the Medicare Advantage option and for those who have Medicare A and B and prefer not to add the Medicare Advantage enhancement benefit. You can also learn more about how your FEHB plan coordinates with Medicare by checking Section 9 of the 2024 FEHB plan brochure. For example, BC/BS has published a brochure titled, “ Get to know the FEP Medicare Prescription Drug Program.” You can also find information on how your plan coordinates with Medicare on your plan websites. You may find that if your plan is offering this benefit for 2024, they may provide separate brochures detailing these benefits which may have been mailed to you prior to open season. EGWPs are offered either as a standalone Prescription Drug Plan or a Medicare Advantage Prescription Drug plan. For plan year 2024, plans offering this benefit will automatically coordinate with FEHB through an Employer Group Waiver Plan. This benefit has been previously included in the Medicare Advantage options that have been added to many FEHB plans over the past few years and will also be available for some plans without the additional Medicare Advantage benefit. Open Season 2023 begins on Nov.13 and federal employees as well as retirees, survivor annuitants and eligible former spouses will be analyzing their options for the Federal Employees Health Benefits program and Federal Employees Dental and Vision Insurance Program as well as how much to set aside in a health care or dependent care FSA.Ī new benefit is being automatically added to many of the FEHB program options for the 2024 plan year for retirees who are also enrolled in Medicare Part A and/or Part B: Medicare Part D, the prescription drug benefit under the government’s national health insurance program. This week, I want to introduce you to some new acronyms that you may need to understand if you are near age 65 or older and covered by one of the 156 plan choices that will be available in 2024.
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