[Code of Federal Regulations]
[Title 5, Volume 2, Parts 700 to 1199]
[Revised as of January 1, 2001]
From the U.S. Government Printing Office via GPO Access
[CITE: 5CFR892.401]

[Page 477]
 
                    TITLE 5--ADMINISTRATIVE PERSONNEL
 
          CHAPTER I--OFFICE OF PERSONNEL MANAGEMENT (Continued)
 
PART 892--FEDERAL FLEXIBLE BENEFITS PLAN: PRE-TAX PAYMENT OF HEALTH BENEFITS PREMIUMS--Table of Contents
 
                    Subpart D--Reemployed Annuitants
 
Sec. 892.401  Am I eligible for premium conversion if I retire and then come back to work for the Federal Government?


    (a) If you are a retired individual enrolled in FEHB who is 
receiving an annuity and you are reemployed in a position that conveys 
FEHB eligibility and is covered by the premium conversion plan, you are 
automatically covered by premium conversion, unless you waive 
participation as described in Sec. 892.205.
    (b)(1) If you do not waive premium conversion, your FEHB coverage 
will be transferred to your employing agency, and your employing agency 
will assume responsibility for contributing the government share of your 
FEHB coverage. Your coverage will be based on your status as an active 
employee and your employing agency will deduct your premiums from your 
salary.
    (2) If you elect to waive participation in premium conversion, you 
will keep your FEHB coverage as an annuitant, but your contributions 
towards yourFEHB premiums will be made on an after-tax basis. Your 
employing agency must receive your waiver no later than 60 days after 
the date you return to Federal employment. A waiver will be effective at 
the beginning of the first pay period after your employer receives it.
    (c) If you did not carry FEHB into retirement and you are reemployed 
as an employee in a position covered by the premium conversion plan, you 
may enroll in the FEHB Program as a new employee as described in 
Sec. 890.301 of this chapter. Upon enrolling in FEHB, you are 
automatically covered by the premium conversion plan, unless you waive 
participation as described in Sec. 892.205.
    (d) Your status as an annuitant under the retirement regulations and 
your right to continue FEHB as an annuitant following your period of 
reemployment is unaffected.