In recent years, we’ve seen plenty of people asking whether their federal employee benefits will be impacted negatively after retiring and moving abroad. With this in mind, we want to discuss what actually happens!
First and foremost, we recommend taking advantage of the resources available on this topic from the likes of the State Department, the IRS, and the Social Security Administration. According to the National Active and Retired Federal Employees Association, difficulties with federal retirement benefits should only occur in a handful of countries, and this is a result of Treasury Department sanctions.
Currently, there are retired federal employees all over the world still using the Federal Employee Health Benefits Program. This being said, you should consider health care coverage because, as a general rule, Medicare doesn’t extend beyond the US. As we know in the US, different locations will suit different FEHBP plans, and this continues abroad.
Ultimately, there are various complications that can affect one’s retirement program and this includes the fact that FEHBP plans don’t necessarily cover some things that, in other countries, would be considered acceptable. Instead, the FEHBP classes them as investigational or experimental. As long as you utilize the resources provided, and ask somebody if you’re unsure, you shouldn’t have any major problems.