Agree, I don't believe holding FEHB policy exempts you from Medicare late fees. Working and holding an employer plan exempts you from them.Yes, if still employed oneself and on FEHB or covered on a spouse's creditable health insurance, BUT:
I believe this is correct, yes. Take a look at form CMS-L564. On it there is an employer section that can be filled out by the employer itself, or also the insurance company which would have record of your coverage. My mother had to fill out this form because she delayed medicare part B enrollment since she was still working and covered by her employer's plan. Her employer just filled out that they confirmed she was covered under their plan from the dates they specified, signed off on it, and that was it. Medicare isnt going to demand any sort of proof or itemized papers for this. It really isn't that difficult.
No, being on FEHB does not exempt one from the Part B late penalty from everything I have seen as of now for retiree annuitants and not covered on a spouse's creditable health insurance (I think there is a brief period of time after retiring to sign up for Part B without penalty). Otherwise, I don't think there would be so many threads about whether to go with FEHB and no Part B. The biggest concern I have always seen is the late penalty.
If one thinks FEHB exempts one from the Part B late penalty for retirees, my opinion is to verify that with OPM.
Statistics: Posted by Tdubs — Fri Nov 15, 2024 5:58 am