USPS Summarizes Upcoming Well being-Care Plan’s Impression on Workers, Retirees
Following are truth sheets from the USPS on the influence on present staff and on retirees of the Postal Service Well being Advantages program that’s to exchange the FEHB for them beginning in calendar 12 months 2025.
Truth Sheet for Workers
The Postal Service Reform Act of 2022 (PSRA) was signed into regulation in April 2022. Since then, the Workplace of Personnel Administration (OPM), together with the Postal Service, has been working to implement a brand new Postal Service Well being Advantages (PSHB) Program, as required below the brand new regulation. PSHB is a brand new, separate program inside the Federal Workers Well being Advantages (FEHB) Program and will likely be administered by OPM. Protection below the PSHB Program will likely be efficient January 1, 2025. Under is an inventory of info relating to the PSHB Program for energetic staff:
1. You might be required to pick out a medical insurance plan within the PSHB Program through the 2024 open season interval, from November 11, 2024 – December 9, 2024.
2. PSHB plan choices and premium info will likely be accessible in October 2024.
3. OPM will launch a brand new enrollment platform for medical insurance. Data on how you can make elections utilizing the brand new system will likely be accessible previous to the 2024 open season.
4. In case you are an energetic worker age 64 or older as of January 1, 2025you ARE NOT required to enroll in Medicare Half B to proceed your PSHB medical insurance protection when you retire. Nevertheless, upon your retirement and entitlement to Medicare Half A (sometimes at age 65), you’ll have the choice to enroll in Medicare Half B throughout a particular enrollment interval. In case you are the first subscriber, your lined members of the family is not going to be required to enroll in Medicare Half B to remain in your PSHB plan; nevertheless, enrollment in Medicare Half B could scale back your total prices for well being care-related bills and will present higher worth for you and your loved ones.
5. In case you are an energetic worker below the age of 64 as of January 1, 2025to proceed your PSHB medical insurance protection in retirement, you WILL BE required to enroll in Medicare Half B after you retire and grow to be entitled to Medicare Half A (sometimes at age 65).
– In case you are the first PSHB enrollee, your lined members of the family will even be required to enroll in Medicare Half B whenever you retire, upon their entitlement to Medicare Half A, in the event that they want to stay lined by your PSHB insurance coverage.
– When you retire on or after January 1, 2025, and you might be below 64you WILL BE required to enroll in Medicare Half B whenever you grow to be entitled to Medicare Half A (sometimes at age 65) to stay enrolled in a PSHB plan. The Social Safety Administration (SSA) will mail you a discover when you find yourself eligible to enroll in Medicare Half B throughout your preliminary enrollment interval. Your preliminary enrollment interval begins three months previous to your sixty fifth birthday and ends three months after your sixty fifth birthday. In case you are the first PSHB subscriber, your lined members of the family will even be required to enroll in Medicare Half B upon their entitlement to Medicare Half A, in the event that they want to stay lined by your PSHB insurance coverage.
6. There are exceptions to the requirement to enroll in Medicare Half B as an annuitant. These exceptions will even apply to your lined members of the family. Annuitants could also be chargeable for offering proof of eligibility for the relevant exception(s) to the designated company.
These exceptions are:
– You might be residing exterior of the US and its territories. You might be required to observe the coverage and process set forth by the Postal Service to be eligible for this exception; or
– You might be enrolled in well being care advantages offered by the Division of Veterans Affairs; or
– You might be eligible for well being companies offered by Indian Well being Companies.
7. As a common rule, spousal and member of the family PSHB protection is predicated on the first enrollee’s eligibility. If the first subscriber is required to enroll in Medicare Half B, dependent members of the family will even be required to enroll when they’re eligible.
Truth Sheet for Retirees
The Postal Service Reform Act of 2022 (PSRA) was signed into regulation in April 2022. Since then, the Workplace of Personnel Administration (OPM), together with the Postal Service, has been working to implement a brand new Postal Service Well being Advantages (PSHB) Program, as required below the brand new regulation. PSHB is a brand new, separate program inside the Federal Workers Well being Advantages (FEHB) Program and will likely be administered by OPM. Protection below the PSHB Program will likely be efficient January 1, 2025. Under is an inventory of info relating to the PSHB Program for present annuitants:
1. You might be required to pick out a medical insurance plan within the PSHB Program through the 2024 open season interval, from November 11, 2024 – December 9, 2024.
2. PSHB plan choices and premium info will likely be accessible in October 2024.
3. OPM will launch a brand new enrollment platform for medical insurance. Data on how you can make elections utilizing the brand new system will likely be accessible previous to the 2024 open season.
4. In case you are an annuitant as of January 1, 2025, and never at present taking part in Medicare Half Byou ARE NOT required to enroll in Medicare Half B to proceed your medical insurance protection within the new PSHB Program. Participation in Medicare Half B is voluntary; nevertheless, enrollment in Medicare Half B could scale back your total prices for well being care-related bills and will present better worth.
a) Your lined partner and eligible members of the family will even not be required to enroll in Medicare Half B even when they’re age 65 or older; nevertheless, enrollment in Medicare Half B could scale back total prices for well being care-related bills and will present better worth.
b) Word: In case you are an annuitant as of January 1, 2025, and are already enrolled in Medicare Half B, you ARE required to stay enrolled in Medicare Half B to proceed protection below PSHB.
5. In case you are an annuitant entitled to Medicare Half A (sometimes at age 65) previous to January 1, 2024, and haven’t enrolled in Medicare Half B, you and your lined, eligible members of the family might be able to take part within the particular enrollment interval (SEP) for Medicare Half B that begins on April 1, 2024. Those that enroll through the SEP is not going to have to pay the late enrollment penalty. Eligibility letters will likely be despatched to annuitants and eligible members of the family in early 2024.
6. When you retire between October 31, 2024, and December 31, 2024, and are entitled to Medicare Half A (sometimes at age 65)you’ll have the choice to enroll in Medicare Half B throughout a selected eight-month particular enrollment interval instantly following your retirement date. When you want to enroll, you MUST contact the Social Safety Administration (SSA) to provoke enrollment if you’re over the age of 65.
7. As a common rule, spousal and member of the family PSHB protection is predicated on the first subscriber’s eligibility. If the first subscriber will not be required to affix Medicare Half B, neither will dependent members of the family. Likewise, if you happen to qualify for the SEP, so will your lined members of the family.
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