Retirees benefit from the Federal Employees Health Benefits, or FEHB, program with low premiums; health savings and reimbursable accounts; higher deductibles; and fee-for-service plans, according to the U.S. Office of Personnel Management. Retirees also have the option of choosing their preferred health maintenance organizations or preferred provider organizations.
The Federal Employee Health Benefits program helps federal employees, retirees and their survivors to meet their health care needs. It gives them a wide selection of health care coverage programs, explains the U.S. Office of Personnel Management. Retirees have access to a wide choice of federal health insurance programs with group-rated benefits. Additionally, they have guaranteed protection that cannot be canceled by the federal health insurance carrier. Retirees have the option of paying their premiums using pre-tax dollars.
Other benefits include coverage that is offered without medical examinations or restrictions due to age, current health or pre-existing medical conditions, as well as a government contribution toward the federal health insurance cost of the retiree. Without such restrictions, more retirees become eligible for the FEHB program, notes the U.S. Office of Personnel Management. In addition, for retirees, there is no waiting period after the effective date of enrollment in an approved FEHB plan, and there is continued enrollment for eligible family members after the death of the retiree.