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Qualifying Life Events, Don’t Lose Your Benefits

Posted on Thursday, 20th February 2014 by Dennis Damp

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(Updated 12/15/2024) What prompted this article was an email from Holly, a federal retiree, who recently moved to Arizona. She had been calling OPM, trying to change her health care plan, for almost 2 months without success because the FEHB plan she had didn’t offer services at her new location. The one time she did […]

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Medicare Part B and FEHB Update (Feedback – Part 4)

Posted on Thursday, 30th January 2014 by Dennis Damp

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The Medicare and FEHB impact series has generated a lot of interest, comments, and questions that deserve additional attention.  One reader commented that the following quote is true for Blue Cross & Blue Shield (BCBS) Standard but not true for BCBS basic. The last article stated that “once Medicare is the primary payer, you can […]

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Change to a Lower Cost FEHB Plan When Signing Up For Medicare

Posted on Thursday, 16th January 2014 by Dennis Damp

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My last article titled What to Consider Before Enrolling in Medicare B, part 2 of this 3 part series, helped you understand Part B and how it impacts your FEHB benefits and costs. This final article of the series discusses whether a lower cost plan would provide you acceptable coverage at a lower overall cost. […]

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What to Consider Before Enrolling in Medicare B (Part 2) – Updated 1/12/2021

Posted on Thursday, 2nd January 2014 by Dennis Damp

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(Article updated 1/12/2021 with updated Medicare Part B Premiums) My last article titled Medicare and FEHB Options – What Will You Do When You Turn 65?, part 1 of this 3 part series, introduced Medicare Part A and general information you need to know to apply.  This article will help you understand Part B and […]

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Is it Time to Update Your Designated Beneficiary Forms?

Posted on Wednesday, 27th November 2013 by Dennis Damp

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OPM recently added a new feature to their Retiree Service Online site at https://www.servicesonline.opm.gov/. You can now download and print out a current copy of your FEGLI Verification of Life Insurance (VOLI) Coverage.  You can also print out duplicate 1099s for 2013 on this site when they are released.  Previously you had to request a […]

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FEHB Open Season Online Update

Posted on Monday, 18th November 2013 by Dennis Damp

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Another year is almost over! The older I get the faster the days go by and at an alarming rate. Christmas is around the corner and It seems like I just completed our 2012 taxes and sure enough I’m starting to compile information and purchasing Turbo Tax for 2013. Each year I register for OPM’s […]

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Borrowing to Pay the Mortgage

Posted on Thursday, 17th October 2013 by Dennis Damp

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I would say that anyone who has to borrow to pay their mortgage is in trouble, wouldn’t you! Can you imagine having to borrow not only to pay the mortgage but to just make the interest payments on your credit cards and other debt? Fortunately the government shutdown is over and everyone should be back […]

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Projecting your Retirement Annuity & Survivor’s Benefit

Posted on Thursday, 1st August 2013 by Dennis Damp

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Everyone planning their retirement needs to know how much they will have to live on in retirement and how much their spouse’s survivor benefit will be. Frank Cullen, a retired federal manager, friend, and former associate, sent me a comprehensive spreadsheet prior to my retirement that projected my annuity and survivor benefit for the next […]

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