Posted on Saturday, 12th November 2016 by Dennis Damp
Each year active federal employees and annuitants must obtain hard copies of plan brochures and general information about open season. I review plan changes each year and confirm that our doctors and medical facilities are still on the provider list. OPM does send out an informative Open Season Health Benefits guide to all participants that […]
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| Comments (0)Posted on Saturday, 29th October 2016 by Dennis Damp
Everyone planning their retirement needs to know how much they will have to live on in retirement and how much their annuity and the surviving spouse’s benefit will grow over time. Unlike many private sector retirement plans, our annuities are adjusted annually – most years – with a COLA. I was at a family gathering […]
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Posted on Friday, 19th August 2016 by Dennis Damp
FEGLI Open Season is fast approaching and two of my articles titled FEGLI Open Season, Long Term Care, and Lifestyle Updates and 2016 FEGLI Open Season – Take Advantage of this Opportunity should provide the information you need to make informed decisions. Generally you need coverage for final expenses and additional coverage if your savings and […]
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| Comments (0)Posted on Monday, 1st August 2016 by Dennis Damp
FEGLI Open Season Update A number of our subscribers have sent questions about the upcoming FEGLI Open Season and are not sure what options to consider. Open season runs from September 1 through September 30, 2016. It’s time to review your current insurance coverage and determine your true insurance needs before it’s too late. You […]
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Posted on Thursday, 21st July 2016 by Dennis Damp
OK, I might have been a little too gracious in my June article titled Long Term Care Insurance – Is it worth the cost? I received a notice from the Federal Long Term Care insurance provider increasing our premiums by over 100 percent in less than 7 months from our last increase in January!!! I […]
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| Comments (1)Posted on Saturday, 9th July 2016 by Dennis Damp
The FEGLI Open Season runs from September 1 through September 30, 2016 and I wrote an article last October about the options available and new premiums. I began the article with, “Even if you think, like I did in 2004 when the last open season was offered, that you have sufficient coverage you may be […]
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Posted on Friday, 10th June 2016 by Dennis Damp
I applied for Long Term care insurance when it was first offered as a benefit in December of 2002. Our premiums for the Future Purchase Option (FPO) at that time were reasonable for the 5 years of coverage we elected; $73.57 monthly for my wife and I. My premium for the Future Purchase Option was […]
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Posted on Monday, 9th May 2016 by Dennis Damp
Historically, approximately 40% of total stock market returns are generated from dividends and today you can expect to receive from 2 to 5% or more in yield from these investments. Many that recommend conservative dividend paying stocks look for companies that continue to grow their yield and share price over time with low risk. It’s […]
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