Page 72 - The Informed Fed--Hearn (edited 10.29.20)

Medicare Part C is also known as Medicare Advantage and acts like
an HMO for Medicare participants. You must have Medicare Part A and
Part B to participate in Medicare Part C.

Medicare Part D
Medicare Part D is the prescription drug program enacted by
President Bush in 2003. Depending on the prescription drug provisions
of your FEHB, you may not need this coverage. As long as you have
some prescription coverage within your FEHB, you are allowed to pick
up Medicare Part D during any open enrollment without a penalty.

Summary

As complicated as this part of your package may seem, understanding
your options here can save you thousands of dollars over your career and
into retirement. The government health plan is among the best in the
country because of the variety of options you have to choose from each
year, and the fact that they subsidize your premiums by 72% for life. You
can see what an important benefit the FEHB provides in your overall
benefits and retirement package.

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