Q. My family and I are covered by the federal Blue Cross Blue Shield (BCBS) program through my federal position. My wife, who is older, will be 65, (I am 57) in a couple of months and has just filed for Medicare Part A coverage. I asked the local BCBS representative for our agency when and whether she would need to file for Medicare Part B part. The representative said when I retire, my wife would need to file for Part B coverage. Would having and paying for Part B with the BCBS policy be redundant coverage?
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Q. If I retire from FERS today what is the maximum time that in which I have to buy the Long Term Care?
Q. I turned 65 last October and was under the impression that I had to sign up for Medicare. I am a retired Federal Aviation Administration employee with Blue Cross Blue Shield health insurance. I have three prescriptions and a regular, semi-annual medical exam. With BCBS I pay $25 co-pay for each office visit. My co-pay for my quarterly prescriptions with only BCBS is around $22. I am paying $365 every quarter for medicare and it eliminates my semi-annual co-pay for physical exams and reduces my quarterly prescription co-pay to $5 — so roughly $200 in routine medical expenses with BCBS and…
Q. I currently have federal Blue Cross Blue Shield basic coverage. I am 65 years old and have Medicare Part A. When I retire and keep my FBCBS coverage, do I have to enroll in Medicare Part B ?
Q. I’m about to retire from the government. All of the financial advisers I talk to say that my spouse and I should buy long-term care insurance, but the monthly cost is so high I can’t afford it. Is the long-term care insurance offered through the federal government (FLTCIP) worth buying for my wife and I? Note – I don’t expect to have an enormous amount of monthly income at retirement and insurance is eating up my projected monthly budget.
Q. I am retired and will be turning 65 years old in July. My federal insurance is with Blue Cross Blue Shield, and it covers my Medicare Part A and Medicare Part B, as well as prescriptions. I received a letter in the mail saying I have been automatically enrolled in Medicare Part B and that it will cost me $104 per month. Since I am already paying for BCBS, won’t that cover my Medicare Part B and prescription drugs? I do realize Medicare will be my primary and BCBS will become my secondary. So wouldn’t BCBS act as my Medicare Part B? I also still have dependents that…