Page 72 - The Informed Fed--Hearn Wealth Management

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.

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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