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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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Posted on Friday, 22nd November 2024 by Dennis Damp

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The healthcare open season can be overwhelming. There are many choices to consider, and you must use Login.gov to sign in to OPM’s Open Season Online. Once you enter the site, retirees and survivors can change plans, print out a copy of your Open Season Health Care Guide, or request hard copies of plan brochures […]

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Posted on Friday, 15th November 2024 by Dennis Damp

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If your income has or will increase due to Required Minimum Distributions (RMDs) or accrued interest, dividends, and capital gains from your cash and investments, review the Part B and D IRMAA premiums listed below. Income Required Monthly Adjustment Amounts (IRMAAs) make Medicare Advantage Plans less attractive despite providing Part B subsidies. The Centers for […]

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Posted on Friday, 8th November 2024 by Dennis Damp

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Please forward this article to others who can use this “Open Season” information. Open season starts on the 11th of November, this coming Monday. Tools are available to evaluate provider options, select your 2025 plan, and submit changes to OPM. Use this guide to walk you through the process and follow the links for additional […]

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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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Posted on Friday, 25th October 2024 by Dennis Damp

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It makes sense to look for a lower-cost Federal Employee Health Benefit (FEHB) plan, especially when signing up for Medicare. This is particularly true if you pay Part B premiums and possibly an Income Required Monthly Adjusted Amount (IRMAA). Get started with a complimentary retirement planning session and a FREE retirement planning report When you […]

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Posted on Friday, 11th October 2024 by Dennis Damp

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More than 71 million Americans will see a Cost-of-Living Adjustment (COLA) of 2.5% in their Social Security benefits and Supplemental Security Income (SSI) payments in 2025. Social Security retirement benefits will increase on average $49 per month starting in January. Federal retiree annuities under the Civil Service Retirement System (CSRS) receive the full 2.5% increase […]

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Posted on Friday, 27th September 2024 by Dennis Damp

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Federal employees and annuitants enrolled in the Federal Employee Health Benefit’s (FEHB) program will pay 13.5% more, on average, for their health care premiums.   Get started with a complimentary retirement planning session and a FREE retirement planning report. Adding this huge increase to the 7.7% premium rise for 2024, and 2023’s 8.7% increase we are all […]

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