After Retirement: 18-month Continuation

Under Age 65 Annual Enrollment

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

Learn More ...

The section applies if you are enrolled and continued your active medical, dental and/or vision coverage through Farm Credit through the continuation of coverage benefits option for up to 18 months. Note medical continuation coverage has different rates than if you chose Retiree Medical.

Your Coverage


The cost of this coverage is deducted once a month from the bank account information you provided at the time of retirement.

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 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, 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.

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.