Title: There’s a catch in USPS insurance program for Medicare-eligible retirees
Article Snip: "As preparations ramp up to launch a new health insurance program for the Postal Service, the Office of Personnel Management is anticipating the possibility that some USPS annuitants will opt out of Medicare prescription drug coverage without realizing the full consequences. For USPS employees and annuitants, Open Season will look somewhat different this fall. In tandem with the standard open enrollment period for participants in the existing Federal Employees Health Benefits (FEHB) program, all USPS employees, annuitants and their family members will have to switch into the new Postal Service Health Benefits (PSHB) program. ...USPS annuitants who opt out of Medicare Part D will lose underlying prescription drug coverage, according to OPM's regulations. ..."
Reference: federalnewsnetwork.com