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 Post Posted: Mon Oct 23, 2017 12:29 pm 
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Joined: Aug 04, 2015
Posts: 35
Location: Seattle
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A while back I made a post about insurance and wanted to give an update on what I found out because it might apply to some people on the forum.

Here are the details:

Background
-I am turning 26 in may of 2018. Been employed since July of 2015.
-Currently on parents health care plan even though I am federally employed.
-I pay my parents $25 a month for health, dental, and vision under their plan.
- Would like to wait as long as possible before switching to the more expensive federal plan which will likely cost me around $130 a month for health and vision for something cheap.

Problem:
-Do i need to switch in open season in november-december this year or can I wait until May of next year?

Solution
- I can wait until may of next year.
-Talked to Benefits line rep. Qualify under Event Code 1m per (SF2809) (https://www.opm.gov/forms/pdf_fill/sf2809.pdf)

In summary: If your parents plan is cheaper to stay on you can wait until you the month you turn 26 to swith to the FEHB plan. Will have saved around $2100 (since 2015 to may of 2018) not switching to the FEHB early.

Hopefully this is applicable to someone.

_________________
Allocation = 100% S (11/17/2017)
Daily Seasonal Strategy since 23 Aug 17
Following Strategy #16292
Current 12 Month PIP 27.38 %
Maxing 100% Roth TSP


Last edited by ajareds92 on Mon Oct 23, 2017 7:07 pm, edited 1 time in total.

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AGG (F Fund)
iShares Lehman Aggregate Bond (AGG)

S&P 500 (C Fund)
S&P 500 INDEX,RTH (^GSPC)

DWCPF (S Fund)
Dow Jones U.S. Completion Total Stock Market Index (^DWCPF)

EFA (I Fund)
iShares MSCI EAFE Index (EFA)