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 Wednesday, 4th October 2017 by Dennis Damp

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FEHB Premium Increases The U.S. Office of Personnel Management (OPM) announced today that the overall average increase in total premiums for the 2018 Federal Employees Health Benefits (FEHB) Program will rise by an average of four percent. The new 2018 Federal Employee Health Benefit (FEHB) rates were published on October 4th. View the 2018 rates […]

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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 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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Posted on Tuesday, 11th July 2017 by Donna Day

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How to determine if you are ready for retirement …there are many areas to consider and explore. First and foremost, can you afford it? Also, what about healthcare and what do you plan to do with your time? These are a few questions along with a host of others that will be discussed within this article […]

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Posted on Thursday, 6th July 2017 by Dennis Damp

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It’s hard to believe that only 2% of the active workforce is CSRS retirement eligible! When I was hired in the early 1970s all were CSRS eligible. A sea change from those days. Now FERS will soon be the only game in town and we don’t know what changes will come down the road for […]

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