Monday, October 28, 2024

USPS Medicare Part B will Have a Big Financial Impact

USPS Medicare Part B will Have a Big Financial Impact

Article Excerpt: "...As you may have heard by now, major changes are coming to Post Office health insurance plans in 2025 as the result of the Postal Service Reform Act of 2022, but one part of this law, scheduled to go into effect Jan. 1, 2025, will require most future retirees to take on an additional expense in retirement, impacting their monthly finances for life. ... 1. If you will be age 64 or older by Jan. 1, 2025, the new law will not affect you.

2. For all others, if you retire on or after Jan. 1, 2025, you will now be required to take Medicare Part B when you turn 65 or retire, whichever is later, in order to keep your Post Office health insurance."



Resource: www.fedweek.com