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Fannie Mae Employees: Navigating the Essentials of Medicare Advantage Plans for Your Retirement Health Needs

Healthcare Provider Update: Fannie Mae provides robust health benefits including medical, dental, and vision coverage through Aetna and Kaiser. Employees receive up to 8% in 401(k) contributions, tuition reimbursement up to $10,000 annually, and student loan repayment assistance. Additional perks include paid parental leave, adoption assistance, commuter benefits, and wellness programs. The company also offers financial coaching and housing grants for eligible employees 4. Fannie Mae As ACA premiums climb, Fannie Maes generous employer contributions and housing support offer employees a cost-effective alternative to individual coverage. Strategic planning in 2025 can help employees maximize these offerings before marketplace costs spike. Click here to learn more

Medicare Advantage, sometimes known as “Part C,” is something of a catch-all choice for Fannie Mae employees who are ready to sign up for Medicare. Medicare Advantage plans are offered by private insurers in conjunction with the Medicare program and can provide you with additional health insurance coverage.

What’s in them?
In addition to signing up for Medicare Part A (hospital stays) and Part B (medical coverage), Medicare Advantage plans offer their subscribers extra features. This frequently, but not always, includes the Medicare Part D prescription drug plan. In some cases, Medicare Advantage plans offer coverage for areas not normally offered within regular Medicare plans. This can include dental, hearing, and vision insurance.

What are the rules?
Medicare pays for a fixed amount of your health care to Fannie Mae offering your Medicare Advantage (MA) plan. Beyond that, each MA plan requires different out-of-pocket fees. Those fees can vary from plan to plan. Depending on your plan, you may have different rules you need to follow when seeking a medical referral to get treatment from a specialist or if you are seeking non-urgent care (even from health care providers within the plan). It’s also important to remember that rules, requirements, and features may change from year to year. It will be important to make sure that those changes line up with any treatment that you need.

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What about my prescriptions?
While most MA plans offer Part D coverage for prescription drugs, some don’t. One example would be Medicare Medical Savings Account plans. In cases where the plan can’t or chooses not to offer prescription drug coverage, you may have the ability to join a separate Medicare Prescription Drug Plan, depending on the type of plan you enroll in. You will likely have a number of questions and concerns as you examine your options for Medicare Advantage plans. Discuss these with a trusted financial professional who can help you make choices that may best fit your lifestyle.

1. Medicare.gov, 2022

What type of retirement savings plan does Fannie Mae offer to its employees?

Fannie Mae offers a 401(k) Savings Plan to help employees save for retirement.

How can Fannie Mae employees enroll in the 401(k) Savings Plan?

Fannie Mae employees can enroll in the 401(k) Savings Plan through the company’s benefits portal during the enrollment period.

Does Fannie Mae match employee contributions to the 401(k) Savings Plan?

Yes, Fannie Mae provides a matching contribution to employee contributions made to the 401(k) Savings Plan, subject to specific limits.

What is the maximum contribution limit for Fannie Mae employees in the 401(k) Savings Plan?

The maximum contribution limit for Fannie Mae employees is determined by the IRS annual limits, which can change each year.

Can Fannie Mae employees change their contribution percentage to the 401(k) Savings Plan?

Yes, Fannie Mae employees can change their contribution percentage at any time through the benefits portal.

What investment options are available in Fannie Mae's 401(k) Savings Plan?

Fannie Mae's 401(k) Savings Plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.

Is there a vesting schedule for the employer match in Fannie Mae's 401(k) Savings Plan?

Yes, there is a vesting schedule for the employer match in Fannie Mae's 401(k) Savings Plan, which determines when employees fully own the matched contributions.

Can Fannie Mae employees take loans against their 401(k) Savings Plan balance?

Yes, Fannie Mae allows employees to take loans against their 401(k) Savings Plan balance, subject to specific terms and conditions.

What happens to my 401(k) Savings Plan if I leave Fannie Mae?

If you leave Fannie Mae, you have several options for your 401(k) Savings Plan balance, including rolling it over to another retirement account or cashing it out.

How often can Fannie Mae employees review their 401(k) Savings Plan statements?

Fannie Mae employees can review their 401(k) Savings Plan statements quarterly, and they can also access their account information online at any time.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.

Fannie Mae is a government-sponsored enterprise that supports housing finance in the United States by providing liquidity and stability to the mortgage market.

Fannie Mae provides RSUs to certain employees. The RSUs vest over a specific period, supporting employee retention.