Are you paying for insurance coverage you don’t actually need in retirement?

Federal employees covered by FEHB, FEGLI, and Tricare may be spending thousands more than necessary each year. In this video, Tommy Blackburn, CFP®, CPA, walks through a real client scenario where a few targeted insurance changes saved a retired federal employee over $14,000 annually.

What you’ll learn:

⭐ How to evaluate whether you need FEHB if you have Tricare or Tricare for Life in retirement

⭐ The difference between suspending vs. canceling FEHB and why it matters

⭐ When FEGLI Basic and FEGLI B make sense to keep or drop

⭐ Why “if you can afford to retire, you can afford to die” is a real planning framework

⭐ The cost breakdown: switching to Blue Focus FEHB before suspension saved nearly $9,000 alone T

imestamps:

0:00 – Introduction

0:52 – Why three health insurance coverages is too many

1:39 – The case for suspending (not canceling) FEHB

2:20 – Evaluating FEGLI B: when life insurance no longer makes sense

3:02 – FEGLI Basic: what to keep and the 75% reduction election

3:48 – The cost breakdown: FEHB savings of nearly $9,000

4:42 – Dropping FEGLI B and the total $14,500 in annual savings

5:29 – Final thoughts and takeaways

Every situation is different. The goal here isn’t to tell you to drop your coverage. It’s to show you that your insurance picture deserves the same scrutiny as the rest of your retirement plan.

Ready to review your federal retirement picture? Schedule a consultation at masonllc.net/get-started

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Investment advisory services offered through Mason & Associates, LLC. The content of this video is for general educational and informational purposes only and should not be considered specific investment, financial planning, tax planning, legal, or other professional advice.