All FEHB plans have a coordination of benefits coverage provision for the interaction of FEHB and Medicare. Image: zimmytws/Shutterstock.com
By: FEDweek StaffThe 2024 Medicare Part B (physicians and related services) premium will be $174.70 a month for most enrollees, up from $164.90 in 2023. Those with annual taxable incomes above a threshold (which will be $103,000 for single filers and $206,000 for joint filers) also pay surcharges.
The Part B annual deductible will increase by $14 to $240.
In Part A, which covers hospitalization and related costs, the deductible will rise to $1,632, an increase of $32. Proportionate boosts also will apply to coinsurance for periods longer than 60 days per benefit period: for the 61st through the 90th day in a benefit period, to $408 per day, and beyond the 90th day, to $816 per day.
The monthly premium for Part D prescription drug coverage will average about $35, although there is variation among plans. Federal retirees who retain their FEHB coverage, as most do, typically do not enroll in Part D even if they are in Part B, because prescription drug coverage is part of FEHB plans.
Impact of Medicare and FEHB
Because many people covered by FEHB plans also have Medicare coverage (or other group health insurance), all FEHB plans have a coordination of benefits (COB) coverage provision for the interaction of FEHB and Medicare. The purpose of this provision is to enable enrollees and covered family members to recover as much of their health care expenses as their total coverage permits, but not more than the actual charges for the care. Under the COB, or double coverage provision, one plan normally pays its benefits in full as the primary payer and the other plan pays a reduced benefit as the secondary payer.
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See also,
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5 Steps to Protect Your Federal Job During the Shutdown
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