After Retirement Medical

Under Age 65 Annual Enrollment

You will receive an annual enrollment packet from PayFlex each November outlining any changes for the next calendar year.

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If you enrolled in retiree medical following your retirement from Farm Credit, your coverage will remain in place until you reach age 65. Your spouse may remain on the plan with individual coverage if you turn 65 prior to their 65th birthday.

The cost of this coverage is deducted once a month from the bank account information you provided at the time of retirement and can be changed within your PayFlex account.

Your Coverage


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.
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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, contact PayFlex.
  • In order to make dependent coverage changes to your health and welfare benefits during the year (dependent), 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 qualifying status changes to your benefit plans, contact PayFlex. 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.
  • Continuation coverage ends after 18 months and cannot be converted or continued.