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Is FEDVIP (Dental/Vision) worth Keeping into Retirement?
For many federal employees, the Federal Employees Dental and Vision Insurance Program (FEDVIP) has been a valuable resource for maintaining good oral and vision health. However, as retirement approaches, many may wonder if it’s worth keeping their FEDVIP coverage once they leave their federal job.
The answer to this question depends on a variety of factors, including the individual’s oral and vision health, their financial situation, and their plans for retirement. Here are some things to consider when deciding whether to keep FEDVIP coverage into retirement.
First and foremost, it’s important to evaluate the state of your oral and vision health. If you have ongoing dental or vision issues that require regular check-ups, treatments, or prescription eyewear, maintaining FEDVIP coverage can be beneficial. FEDVIP offers a range of coverage options, including preventive care, basic services, and major services, as well as vision care, making it a comprehensive and affordable option for those who require regular care.
Another consideration is the cost of FEDVIP coverage compared to other options available in retirement. While FEDVIP premiums are generally affordable for federal employees, the cost may become less favorable once a person is on a fixed income. It’s important to compare the costs and benefits of FEDVIP with other dental and vision insurance plans available to retirees, as well as potential out-of-pocket expenses for dental and vision care without insurance.
Additionally, retirees should consider the potential for changes in their oral and vision health as they age. As individuals get older, they may require more frequent and specialized care for dental and vision issues. FEDVIP coverage can provide peace of mind knowing that these needs are covered, without the risk of unexpected expenses for expensive treatments or procedures.
Lastly, retirees should consider the convenience and accessibility of FEDVIP coverage. FEDVIP offers a wide network of providers, making it convenient for retirees to access quality dental and vision care. Additionally, the program allows retirees to continue their coverage without interruption, ensuring that they can maintain their oral and vision health seamlessly into retirement.
In conclusion, FEDVIP can be worth keeping into retirement for many federal employees. However, it’s important to evaluate one’s unique needs, costs, and future healthcare needs before making a decision. Ultimately, maintaining FEDVIP coverage can provide retirees with peace of mind, comprehensive care, and convenient access to dental and vision services.
I'm not kidding when I say that the market crash and high inflation have me really stressed out and
worried about retirement. I've been in the red for a while now and although people say these crisis has it
perks, I'm losing my mind but I get it Investing is a long-term game, so focus on the long run.
I’ve found the vision is beneficial, not so much with dental. Dental seems to find lots of ways of excluding care.
I have Aetna High Option dental and vision. When l needed a scaling, Aetna covered it 100%.
Are you going to do a video on fep medicare prescription drug program MPDP I just got a letter yesterday. they will put me on the new plan unless I contact them.
I got Blue Cross / Blue Shield and MetLife Dental insurance and vision. The vision is very cheap less than $25. I'm retired federal law enforcement agency at 51 in 2021 now 2023. I might cancel the vision only. VA hospital take care of my eyes for free. Actually my healthcare provider. But I carry these things for my wife. As a retired public safety officer you can claim up to $3,000 tax break on Insurance Premiums ❤
The dental and vision are non-benifits. The IRS makes ZERO contribution towards them.
Like with all things financial, it really depends on your situation. For my and my family, it works. All of the basic plans tend to cover the "basics"–cleanings, x-rays, and check ups. If you need a crown or something, at least 50% is covered, which is better than nothing. Of course, if you do need any of those extras, whatever deductibles you have to pay, you can take out of your FSA. Finally, if you need any dental work and you don't have a plan, you have to pay for everything out of pocket.
I have Delta Dental and plan on keeping it. They cover the basics and 50% of the expensive stuff like crowns and there’s a negotiated price between the insurance company and the dentists for all procedures. Also, the yearly coverage amount is $30,000 a year and I don’t know any other. Insurance that covers that amount per calendar year. It’s good for expensive procedures.
Well done, always.
Thanks.
I plan to keep mine into retirement! VSP and MetLife dental has been fantastic for my wife and I. I don’t use FEHB. I have Tricare and VA.
I kept both into retirement. Am going 2 do scaling so Dental will come in handy. Now, going 4 bilateral cataract surgery & will need reading glasses. Thought I will get them thru FEDVIP Vision & then cancel Vision as I have FEHB. Am I doing correct thing? Thanks
I have high option in both dental and vision. Blue Vision MetLife dental. I just don’t know. The dentist still finds a way to overcharge. The Health insurance is exceptional. Can’t say the same for dental and vision. Right now just keeping wifey happy keeping both dental and vision. I’m 56. Retired in 2022 at 55 ⭐️
As a FERS retiree, I wouldn't recommend the dental unless you have serious oral issues. From my experience, the plans don't pay very much and you have to add in the monthly premium costs. I've had it and I end up paying at the dentist office with a preferred provider and covered services.
I never imagined getting $40,000 biweekly profit, despite the economy downturn our lord Jesus is wonderful…..!!!!
The tax advantage helps, I looked into switching out a few times dental and vision, it's almost a wash with maybe the federal programs doing a little better because of tax savings. I often wonder what normal people on medicare use for dental and vision? Maybe self insured.
Great timing. Looking to enroll in FEDVIP in november. Seeing I have Tricare I want to set up FEDVIP now so I can continue having coverage when I retire in a few years.
I think it is worth it. I have it and I am 63