After Retirement Over Age 65



​Medical Coverage At Age 65

  • When you reach age 65, Medicare will become your primary provider on the first day of the month in which you turn 65.
  • Your medical coverage with Farm Credit Foundations ends on the last day of the month prior to the month you turn 65 (i.e. you turn 65 June 11, your coverage ends May 31).

Cancel or Change in Coverage

  • You can drop medical, dental, and/or vision coverage for yourself and/or any dependents effective the first of any month. To drop your coverage, call or send an email to Farm Credit Foundations.
  • In order to make changes to your health and welfare benefits during the year (adding dependent coverage), you must experience a qualifying status change event: marriage, divorce, death, birth/adoption, change in your spouse’s employment or health care coverage, spouse’s retirement, dependent no longer eligible.
  • To make changes to your benefit plans as it relates to a qualifying status change, send an e-mail requesting a change or call Farm Credit Foundations with questions. You have 31 days from the date of the event to make these changes.
  • Each November annual enrollment allows you to make changes or cancel your coverage without experiencing a qualifying status change event. However, at the time of retirement if you elected 18 months continuation of medical, dental and/or vision, you are not eligible to make plan changes; you must remain in the plan you enrolled in at time of retirement.
  • Continuation coverage ends after 18 months and cannot be converted or continued.


Medical Coverage At Age 65

  • When you reach age 65, Medicare will become your primary provider on the first day of the month in which you turn 65.
  • Your medical coverage with Farm Credit Foundations ends on the last day of the month prior to the month you turn 65 (i.e. you turn 65 June 11, your coverage ends May 31).
  • About 60 days prior to turning 65, you will receive a letter from Farm Credit Foundations outlining the transition process.
  • If your spouse is under age 65 and enrolled in the retiree medical plan, the first of the month in which you turn 65 your spouse will go into an individual plan in the same retiree medical plan you elected for the year.
    • The letter you receive will inform you of the new premium rate for your spouse.
    • If your spouse turns 65 before you, s/he will transition to Medicare as outlined above, and you may stay on the medical plan until you turn 65.
  • If you have eligible dependents on your retiree medical plan and both you and your spouse have transitioned to Medicare, your eligible dependent(s) will be offered 36 months continuation of the medical plan by paying the full cost of the active premium.

How to Keep Your Records Up to Date?

If you have changes to your address, phone number, email, or other information, you will need to contact:
  • Farm Credit Foundations
  • AARP if you are using >AARP as your Medicare Supplement provider(phone number on back of your medical card)
  • Minnesota Life if you continued your group universal life insurance
  • John Hancock Retirement Plan Services for your pension payments and/or 401(k) account
  • Social Security Administration
  • Medicare