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Medicare Basics and Early Retiree Plan

MEDICARE BASICS: WHAT YOU NEED TO KNOW ABOUT YOUR BENEFITS & OPTIONS

Presented by Bud Wright, Volunteers Assisting Seniors, May 2018

  • Provide comprehensive overview of Medicare

  • Become familiar with Medicare terminology

  • Understand the difference between original Medicare and Medicare Advantage

  • Review important enrollment deadlines

  • Resources available through Volunteers Assisting Seniors (VAS)

Watch this Medicare Basics video to learn more.

VAS is a nonprofit organization that utilizes the skills, knowledge, and education of retired seniors to simplify the lives of other Nebraskans by helping them better understand their benefits and entitlement, and make informed decisions. Contact a VAS volunteer at vas-nebraska.org, 402-444-6617.

eARLY RETIREE PLAN

The BCBS EHA Early Retiree “Direct Bill” plan is designed to provide health and/or dental coverage for early retirees (ages 50-64) until the retiree becomes eligible for Medicare. Eligibility is dependent on the retiree’s age at the time of retirement and a minimum of 60 months of continuous coverage under the College’s group health and dental plans when the retiree left service with the College. 

The BCBS EHA Early Retiree "Direct Bill" plan offers several health insurance plan options until age 65 when the individual becomes eligible for Medicare. Under the Direct Bill plan, participants must also pay the annual NSEA membership dues in addition to the monthly insurance premium. The membership dues depends on the retiree’s NSEA membership status prior to retirement.

NOTE: Early retirees have the option to elect COBRA continuation coverage upon retirement in order to retain the same health benefits as active employees for the duration of the COBRA election period. However, electing COBRA will permanently preclude the early retiree from transferring to the EHA Early Retiree Direct Bill plan at a later date.

For more information, contact BCBS’s EHA Lincoln office at 402-458-4800 or BCBS Member Services at 1-877-721-2583.