Should a Federal Retiree Take Medicare in Retirement | Financial Advisor | Christy Capital

Federal retirees receive health care benefits that largely remain consistent post-retirement, with the government paying a significant portion of premiums and allowing plan selection during open enrollment.

Medicare Part A is typically prepaid during employment, while Part B covers doctors and requires enrollment around one's 65th birthday unless you're still working, with penalties for late enrollment.

Medicare premiums vary based on income, potentially increasing for higher earners, and can be influenced by factors like Roth conversions affecting income levels.

Federal retirees have the option to retain their federal health care coverage without enrolling in Medicare, potentially resulting in lower premiums but necessitating careful consideration of potential out-of-pocket expenses.

Factors influencing the decision include risk tolerance, preference for coverage options, and the desire to choose healthcare providers, with specialized advice and planning recommended for federal retirees considering their unique benefits.


NOTE: Retirement Benefits Institute is now Christy Capital Management: See our latest federal-focused articles and resources at https://christycapital.com/federal

#FERSretirement #FederalRetirement Christy Capital Management has helped thousands of federal employees as they make plans for federal retirement. For more information about your federal retirement benefits, go to our website at https://christycapital.com/federal to get support.


The information contained in this video should not be used in any actual transaction without the advice and guidance of a tax or financial professional who is familiar with all the relevant facts. The information contained here is general in nature and is not intended as legal, tax or investment advice. Furthermore, the information contained herein may not be applicable to or suitable for the individuals’ specific circumstances or needs and may require consideration of other matters. RBI is not a broker-dealer, investment advisory firm, insurance company, or agency and does not provide investment or insurance-related advice or recommendations. Brandon Christy, President of RBI, is also president of Christy Capital Management, Inc. (CCM), a registered investment advisor.