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Yes. After you retire, you will still have the opportunity to change your enrollment from one plan to another during an annual open season. You cannot change to another plan simply because you retired.
Important: You will not be eligible for FEHB coverage after retirement unless you are enrolled before you retire and meet all the requirements for continuing enrollment after retirement (see page 16).
Can I keep my health benefits after I retire? Yes, you can keep your existing health benefits coverage if you meet all of the following conditions: You're enrolled in health care insurance under a federal plan when you retire.
The relationship between a policy and a certificate of insurance is essentially this: the former is the actual insurance contract itself; the latter is a summarized document that provides proof of the coverage under that policy.
A certificate of coverage (CoC) is a contract that lists an individual's health insurance coverage with their payor.