FEHB & Medicare: What’s Your Best Choice?
[Pages:28]FEHB & Medicare: What's Your Best Choice?
A NARFE Federal Benefits Institute Webinar
Presented by Tammy Flanagan Federal Retirement Benefits Expert
Sponsored by GEHA
10/23/2019
1
It's Time to Think About Your Options
Reasons Why This is So Hard
? What we have is working ? Part B of Medicare is expensive ? Insurance is complicated ? too many moving parts!
10/23/2019
2
Medicare Parts A, B, C, D
A Inpatient
B Outpatient
C Medicare Advantage
10/23/2019
D Prescription Drugs
3
Wrap Around Benefits
Medicare A & B
FEHB*
100% coverage for most
inpatient and outpatient care
*Not all FEHB plans and does not apply to prescriptions
10/23/2019
4
Medicare Part B Premiums
Year
1966 1976 1986 2016 2017 2018 2019 2020
10/23/2019
Part B Monthly Premium
Year
Per Person
$3
1996
$7.20
2006
$15.50
2007
$120.70 or $104.90 (hold harmless provision)
Part B Monthly Premium Per
Person
$42.50
$88.50
$93.50
$134 - $428.60 or $109 (hold harmless provision) $134 - $428.60 (sometimes less with smaller SSA )
$135.50 - $460.50
Higher Premiums for Higher Income
Beneficiaries
Premiums will be announced at
5
Appeal Higher Medicare Part B Premium
Medicare Income-Related Monthly Adjustment Amount
Life-Changing Event
Call 1-800-772-1213 1-800-SSA-1213
10/23/2019
6
FEHB Cost Compare: Self Plus One
FEHB Plan
Aetna Direct
BCBS Basic Option
Plan Code (Self Plus One) Monthly Premium 2019
N63 $305.56
Monthly Premium 2020
$335.89
Health Fund or Medicare Reimbursement
Medicare Part B Premium / per person (2019)
Total annual 2020 insurance cost
$1,800.00 $135.50 x 2 $5,482.68
113 $369.56 $386.99 $600 (2019) x 2 $800 (2020) x 2 $135.50 x 2
$6,295.88
Aetna Medicare Advantage
Z26 N/A $255.11 $0.00
$135.50 x 2
$6,313.32
10/23/2019
7
FEHB Cost Compare: Self Only
FEHB Plan
Aetna Direct
Plan Code (Self Only) Monthly Premium 2019
Monthly Premium 2020
Health Fund or Medicare Reimbursement
Medicare Part B Premium / per person (2019) Total annual 2020 insurance cost:
N61 $139.33 $153.16 $900.00
$135.50
$2,563.92
BCBS Basic Option
111 $159.74 $164.55 $600 (2019) $800 (2020) $135.50
$2,800.60
Aetna Medicare Advantage
Z24 N/A $115.96 $0.00
$135.50
$3,017.52
10/23/2019
8
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