Will you see a change in your annuity?
September 10, 2024
1-minute read
Your annuity amount could change depending on a variety of factors. You may see a change in your annuity check this month if:
- You’re not eligibile for Medicare and made new benefit elections (added/dropped new benefits or dependents) during Summer Enrollment.
- You’re enrolled in Optional Term Life Insurance and on Sept. 1 were an age that ends in 0 or 5—for example, 65 or 70 years. Age-based premiums increases like this are standard for term life insurance. (And don’t forget that your premium rates continue to increase every five years while coverage begins decreasing at age 70.)
See the Plan Year 2025 premium rates for non-Medicare retirees.