Posted on Thursday, 19th October 2017 by Dennis Damp

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Many annuitants change to a lower cost FEHB plan because most plans waive the majority of the deductibles, copayments, and coinsurance payments when you sign up for Medicare Part A & B. One of our newsletter subscribers contacted me about the change to Blue Cross Blue Shield Basic for 2018.  The FepBlue.org site states, “If […]

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Posted on Monday, 9th October 2017 by Dennis Damp

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Open season runs from November 13 through December 11 of this year however some providers already have their 2018 plan brochures available. GEHA sent me an email message listing a summary  of plan changes for 2018 and a link to their 2018 brochure! You can view the GEHA 2018 Brochure on their site and save […]

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Posted on Monday, 18th September 2017 by Dennis Damp

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The SEC’s Office of Investor Education and Advocacy (OIEA) and Broker-Dealer Task Force issued an investor alert this summer warning the more than 5 million Thrift Savings Plan (TSP) participants, and investors in other federal government employee retirement plans, that investment scam artists may pretend to be affiliated with a government agency. Legitimate companies will […]

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Posted on Sunday, 3rd September 2017 by Dennis Damp

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The Federal Employees Health Benefits (FEHB) Open season runs from November 13 through December 11 of this year. The 2018 provider brochures should be uploaded soon and when they are released we will present a summary of the 2018 FEHB open season changes and premium increases. Hopefully, the premiums won’t skyrocket like they have and […]

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Posted on Saturday, 19th August 2017 by Dennis Damp

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The 2017 FEHB open season will run from November 13 through December 11, 2017.  Each year Open Season runs from the Monday of the second full workweek in November through the Monday of the second full workweek in December. Health care services providers are required to submit benefit and rate proposals for the contract term […]

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Posted on Thursday, 27th July 2017 by Dennis Damp

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I vividly recall visiting my house parents room in 1959. My brother and I were in a home for boys and our house parents had just purchased a console color TV, the first any of us had seen, and it had a remote control! Each time she changed the channel you could hear the motor […]

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Posted on Wednesday, 19th July 2017 by Dennis Damp

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The 2018 COLA increase is projected to be approximately 2.1%.  The Senior Citizen’s League’s June 2017 report, “Based on consumer price index (CPI) data through April of 2017, TSCL estimates that the COLA for 2018 may be 2.1 percent — significantly higher than in recent years, which has averaged only 1% since 2012. This estimate […]

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Posted on Saturday, 15th July 2017 by Dennis Damp

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Kathleen, one of our retirement planning newsletter subscribers wasn’t able to suspend her FEHB coverage after signing up for a Medicare Supplement Plan earlier this year. There are specific requirements for suspending FEHB coverage. Basically, you can only suspend your FEHB coverage if you sign up for a Medicare Advantage Plan (Part C), TRICARE, TRICARE […]

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