Here is the scenario: I am about to retire from the state of CA, but I will retain my State of CA health insurance (PPO--Anthem PERS Gold). I am going back to federal employment, and I have several options in front of me, including a comparable insurance with Blue Cross, as well as a couple of HSA/HRA options. I will be the primary on both insurances, have a spouse and two children covered (for now) under the State health insurance. What is my best option here? The copays/costs between the two Blue Cross policies is comparable. I am wondering if I am even eligible for a HSA or HRA policy with the federal government.
You are not eligible for an HSA if you have other low-deductible insurance coverage.
OPM has an FAQ here
Who is eligible for an HSA? You must participate in a High Deductible Health Plan, have no other insurance coverage other than those specifically allowed...
IRS Pub 502 has all the specific rules for HSAs.
Do you actually need this additional insurance? If you have insurance from CA through some sort of pension plan then it might make more sense to just waive the FEHB (fed insurance) and not spend money on the premiums.
Note that you might still be able to get the high-deductible insurance, just not use the HSA. But the HSA is kind of a big part of why you would choose a HDHP in the first place...