How will your Federal Employee Health Benefits (FEHB) work with your Medicare prescription drug coverage?:QuickMedicareSupplement.com

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How will your Federal Employee Health Benefits (FEHB) work with your Medicare prescription drug coverage?

How will your Federal Employee Health Benefits (FEHB) work with your Medicare prescription drug coverage?

If you get Federal Employee Health Benefits (FEHB), your coverage will not change. If you decide that your Federal Employee Health Benefits drug coverage meets your needs, you can decide not to join a Medicare drug plan. You can keep your present coverage.

It will more or less always be to your benefit to keep your existing coverage without making any changes. An exception is if you meet the criteria for Medicare's extra help. You may benefit by applying for the further help.

Federal Employee Health Benefits prescription drug coverage is considered creditable drug coverage, which means it is at least as good as Medicare drug coverage. If you decide you want to join a Medicare drug plan after you are first eligible, you won't have to pay a late enrollment penalty if you join within 63 days of involuntarily losing your Federal Employee Health Benefits coverage. If you chose to drop the coverage, you must join a Medicare drug plan within 3 months of dropping the coverage. On the other hand, if you do not join a Medicare drug plan right away and go for a period of 63 continuous days (or longer) without creditable coverage, you may have to pay a penalty when you join. If you don't lose or drop your coverage and you want to join a Medicare drug plan, you must wait for a valid enrollment period. You will not have to pay a delayed enrollment penalty.

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