As a retired federal employee with over six years of experience working in the Home Office, I’m considering transferring my health benefit plan from BCBS Standard (106) to GEHA High (313). My wife and I are currently enrolled in Medicare Part A, but not Part B. I wonder if this would be a simple switch or if there are any additional considerations that I need to be aware of before making the change.
I’m also curious about whether it is possible for me to go back to BCBS if I decide that I don’t like GEHA. Lastly, I would like to know what percentage of retirees use only FEHB and Medicare Part A.
Reg Jones, a charter member of the Senior Executive Service and a resident expert on retirement and the federal government at the Federal Times, shares his insights on this topic. From 1979 to 1995, he served as Assistant Director of the US Office of Personnel Management dealing with recruitment and screening, wages, retirement, insurance and other matters. The opinions expressed are his own.
According to NARFE (National Association of Active and Retired), the majority of retirees do not enroll in Part B because they have adequate coverage without it. However, it’s important to note that each individual’s circumstances are unique, so it’s always best to consult with a healthcare professional or financial advisor before making any changes to your health benefit plan or retirement strategy.