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

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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

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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

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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

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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

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