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Medicare Prescription Drug Plan Fiasco – The Continuing Saga

Posted on Friday, 10th January 2025 by Dennis Damp

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Christmas came early for those subject to the WEP and GPO provisions but not for those who opted out of GEHA’s MPDP plan. Many, including my wife and me, opted out of Silver Script’s Part D (EGWP) Medicare Part D Prescription Drug plan offered by GEHA in late November, and we received a confirmation letter […]

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A Potential Federal Retirement Tsunami – The DOGE Impact

Posted on Friday, 3rd January 2025 by Dennis Damp

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Elon Musk and Vivek Ramaswamy met with the House of Representatives in Washington, D.C., to discuss their plan to slash government regulations and streamline the Federal executive branch. They will lead Donald Trump’s administration’s Department of Government Efficiency (DOGE). They won’t hold cabinet positions and will function outside government to advise the new administration on […]

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Christmas Comes Early This Year – WEP & GPO Repealed

Posted on Saturday, 21st December 2024 by Dennis Damp

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The U.S. Senate passed H.R. 82, the Social Security Fairness Act, repealing the windfall elimination provision (WEP) and the government pension offset (GPO), voting 76-20 on the final passage. The House passed the bill by 327-75 on November 12. The bill is now on the President’s desk, awaiting his signature. _________________________________________ _______________________________________ Major Initiative by […]

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A 2024 Retiree’s Reflections, Thoughts, and Comments

Posted on Friday, 13th December 2024 by Dennis Damp

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I close out each year with a few last-minute updates and observations. My next article won’t be published until early January. It’s time to celebrate the holidays and just sit back and relax. At the age of 75, soon to be 76, I realize just how fortunate we are, and much of that is thanks […]

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2025 Open Season Round Up – What You Need to Know!

Posted on Friday, 29th November 2024 by Dennis Damp

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More FEHB and PSHB plans are offering Medicare Prescription Drug Plans (MPDPs) this open season. I reviewed several plan brochures, and you must opt-out if you have Original Medicare and want to remain in your provider’s prescription drug plan. Blue Cross and Blue Shield started offering MPDPs last year. Once enrolled in an MPDP, you […]

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Medicare Advantage Plan Primer – What You Need to Know

Posted on Saturday, 2nd November 2024 by Dennis Damp

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I receive many questions about MA options; few know what to expect or who pays for what. Hopefully, this article will answer many of your questions and provide insight into coverage issues that may arise in certain areas. Follow the links to learn more about subjects of interest. Click on this banner to sign up […]

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Fixed Income – Yields Decrease as Feds Reduce Rates

Posted on Friday, 4th October 2024 by Dennis Damp

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The Federal Reserve lowered its benchmark interest rate September 18th by .5 percent (50 basis points), the first rate cut in four years! This rate cut lowers the Fed’s benchmark short-term rate to 4.75% to 5% from a 23-year high of 5.25% to 5.5%. The cut slightly eased borrowing costs for consumers across the board. […]

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2025 Federal Employee’s Leave Record Now Available

Posted on Thursday, 8th August 2024 by Dennis Damp

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Share this Excell Leave Record Chart with everyone in your organization. Each year we publish a comprehensive leave record that federal employees can use to track their annual and sick leave, comp, and credit hours used. Our updated 2025 Excel Leave Chart is designed for active federal employees that are planning their retirement and need […]

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