If you will have Retiree, FEHB or TRICARE for Life as a secondary health insurance plan after age 65, and also enroll in Medicare Part B, we recommend the following:
Step 1: Go to MyPlan > Expenses and Health Care > Medicare
Step 2: Do not select “Employer Sponsored Medicare.” This option delays Medicare and eliminates the Medicare premiums until the employer sponsored end date.
Step 3: Press the Itemize tab and enter your costs for Medicare Part B, FEHB and any other expenses you'd like to account for.
If you will NOT enroll in Medicare Part B, you may want to turn off IRMAA surcharges in the plan. We do not currently have a feature for this.
A workaround would is to select Employer sponsored coverage. Add an amount for any Medical Expenses until your longevity age. This will turn off the IRMAA until the final year of the simulation but add in Medicare for the final month.
Step 1: Go to My Plan > Expenses and Health Care > Medicare
Step 2: Open the Medicare Expenses (65 through longevity) section
Step 3: Enable the Estimator (if not already enabled)
Step 4: Press ✎ (pencil) to edit your Medicare selection
Step 5: Press "Add employer sponsored Medicare coverage +"
Step 6: Enter your annual out-of-pocket costs and the age these costs will end
Step 7: Make sure to press Save
See Get Started Series 10 for further information.