Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
US govt medical care. how does it work?
Old 03-07-2007, 10:34 PM   #1
Recycles dryer sheets
perinova's Avatar
 
Join Date: Apr 2006
Posts: 424
US govt medical care. how does it work?

how does the medical insurance provided while working for the feds work?

when working for a new company, depending on state rule, there may be preexisting conditions and other limitations. how is the federal government different?
how much does the feds put in toward the premiums? is the cost varying from state to state?
are the insurances and rules different from state to state?

preexisting conditions?
deductibles and copays?
doctor limitations?
__________________

__________________
perinova is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: US govt medical care. how does it work?
Old 03-07-2007, 11:12 PM   #2
Thinks s/he gets paid by the post
 
Join Date: Dec 2004
Posts: 1,798
Re: US govt medical care. how does it work?

I am not a Fed, but I have been looking for a Fed job for a couple years now. What I have been able to figure out about the insurance is there are many different plans and providers. Here is a link about the federa health insurance.
http://www.opm.gov/insure/health/index.asp
__________________

__________________
You don't want to work. You want to live like a king, but the big bad world don't owe you a thing. Get over it--The Eagles
lets-retire is offline   Reply With Quote
Re: US govt medical care. how does it work?
Old 03-08-2007, 06:58 AM   #3
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
donheff's Avatar
 
Join Date: Feb 2006
Location: Washington, DC
Posts: 8,647
Re: US govt medical care. how does it work?

All insurance companies that participate in the Federal program must cover anyone who selects them. No limit on preexisting conditions. Feds can switch from one insurer to another yearly during an open season. Thus, you could select a low coverage program while young and healthy or a high coverage program when you are older and sicker. You are only reimbursed up to a certain level so "high option" coverage is costly.

Edit: My nephew ran for Congress in MD in 1992. He proposed to extend a modified version of the Federal program to the entire country. Unfortunately, he lost to a very popular Republican
__________________
Every man is, or hopes to be, an Idler. -- Samuel Johnson
donheff is online now   Reply With Quote
Re: US govt medical care. how does it work?
Old 03-08-2007, 08:05 AM   #4
Recycles dryer sheets
perinova's Avatar
 
Join Date: Apr 2006
Posts: 424
Re: US govt medical care. how does it work?

thanks donheff, lets-retire.
looking at what the feds are providing it seems that extending the program to the country could be a good idea. I will look at the link in more detail. It might be worth writing to my congressman to revive this...
__________________
perinova is offline   Reply With Quote
Re: US govt medical care. how does it work?
Old 03-08-2007, 08:07 AM   #5
Recycles dryer sheets
Robert the Red's Avatar
 
Join Date: Aug 2005
Posts: 325
Re: US govt medical care. how does it work?

Quote:
Originally Posted by perinova
how much does the feds put in toward the premiums? is the cost varying from state to state?
are the insurances and rules different from state to state?
The govt pays up to 72% of the premiums (somewhat less for the more costly plans). Several nation-wide plans are available (useful if you have kids off at college). Each state/region also has several other plans available. Co-pays, doctor choices, etc. are up to the plan you choose -- an HMO, PPO, or whatever. High-deductible/HSA type plans are available. Your share of the premiums are payed out of pre-tax money. If you are covered by a Federal health plan at the moment you retire, you can continue the coverage into retirement (with the govt still picking up its 72% share).

Not directly on topic, but similar: After you work for 3 years, you are covered for disability. That is, if you are unable to continue working (in ANY job, not just your profession), then you can 'retire' on 40% of your pay. Four hours of sick leave accrue per 2 week pay period (13 days per year), with no upper limit on the amount you accumulate. Useful if you get sick 20 years into the job -- not very good if you get sick in the second month.
__________________
Robert the Red is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Senator Wyden's "health care plan for all Americans" REWahoo Health and Early Retirement 81 12-19-2006 09:04 AM
Long-term care subsidies aren't working Nords Health and Early Retirement 18 12-06-2006 10:45 AM
health insurance and effect on increased health care costs Martha Other topics 9 08-08-2006 02:54 PM
Krugman on Health Care Crisis JohnP FIRE and Money 50 03-07-2006 07:14 PM
Emergency medical care abroad GTM Other topics 3 10-24-2004 06:55 PM

 

 
All times are GMT -6. The time now is 08:04 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.