Introduction:
Choosing the right healthcare coverage is crucial for USPS professionals and retirees. Two primary options available are the Postal Service Health Benefits (PSHB) Program and the Federal Employees Health Benefits (FEHB) Program. Understanding the differences between these programs is essential for making informed decisions about healthcare coverage.
Overview of PSHB and FEHB
The PSHB Program is a specialized healthcare program established to mirror the FEHB program, designed explicitly for USPS professionals and retirees. It offers tailored coverage options and integrates with Medicare to provide comprehensive healthcare benefits.
Eligibility and Enrollment
The Medicare Part A deductible is specific to hospital and inpatient care services. Here’s what beneficiaries need to know about the Part A deductible:
Enrollment in the PSHB Program requires the selection of a health insurance plan during the open season period from November 11, 2024, to December 9, 2024. Failure to actively choose a PSHB plan will result in automatic enrollment in a comparable plan. Details regarding PSHB plan options and premiums will be available in fall 2024, with enrollment instructions provided closer to the open season.
While employment with the Postal Service does not mandate Medicare enrollment, certain employees must enroll in Medicare Part B to retain PSHB coverage after retirement. An annuitant before January 1, 2025, or an active employee aged 64 or older on that date, is exempt from this requirement. However, active employees under 64 as of January 1, 2025, and those retiring after that date and under 64, are generally required to enroll in Medicare Part B upon retirement and Medicare Part A eligibility. Exceptions to this requirement are outlined below.
Similarly, eligibility for the FEHB Program is open to all federal employees, including USPS employees, and their eligible family members. Enrollment in FEHB plans also occurs during the annual open season, with opportunities for special enrollment periods for individuals experiencing qualifying life events.