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Yes, you can keep your existing health benefits coverage if you meet all of the following conditions: You're enrolled in health care insurance under a federal plan when you retire.
SF 2810, Notice of Change in Health Benefits Enrollment.
Yes, you can normally suspend or 'freeze' your health insurance policy for quite a while in certain situations. You can't just stop paying your premiums though; you have to apply to your health insurance provider and meet certain conditions, such as being fully up to date on paying your premiums.
You may be able to keep your job-based health plan through COBRA continuation coverage. COBRA is a federal law that may let you pay to stay on your employee health insurance for a limited time after your job ends (usually 18 months). You pay the full premium yourself, plus a small administrative fee.
The SF 2821 should be completed to reflect the retiring employee's insurance status at the time of separation for retirement and attached to the Application for Retirement.
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Agency Certification of Insurance Status - Federal Employees' Group Life Insurance Program | GSA. Official websites use .gov.
If you leave Federal Service, you may be eligible for Temporary Continuation of Coverage (TCC) for up to 18 months under the FEHB. TCC is a feature of the (FEHB) Program that allows certain people to temporarily continue their FEHB coverage after regular coverage ends.
The SF 2819 represents notice of your loss of group life insurance coverage and the right to convert. In addition, you must contact your servicing HR office and request the SF 2821 (Agency Certification of Insurance Status).
Separating employees can continue TCC for up to 18 months after the date of separation. Children and former spouses can continue TCC for up to 36 months after the date of the qualifying event.
Federal Employees' Group Life Insurance (FEGLI) Program. Instructions for Completing this SF 2818. Complete this form when you retire or when you are receiving compensation payments from the Office of Workers' Compensation Programs (Department of Labor) and your FEGLI coverage as an employee ends.

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