fbpx

Posted on Friday, 6th October 2023 by Dennis Damp

Share

Each year OPM announces changes to the Federal Employee’s Health Benefit (FEHB) plans. This year is no exception, and there are a number of significant improvements to our health benefits program coming next year. These changes include expanded coverage for fertility, including broader coverage of in-vitro fertilization (IVF) related services, gender affirming care, prevention and […]

Tags: , ,
Posted in

| Comments (2)

Posted on Friday, 29th September 2023 by Dennis Damp

Share

Long Term Partners, LLC sent their 2023 enrollee decision period offer letter on September 11. We have until November 9, 2023 to either accept the offer listed under Option 1 or submit a selection form changing coverage to option 2, 3 or 4. If Long Term partners doesn’t receive an election from by this date, […]

Posted in

| Comments (0)

Posted on Friday, 15th September 2023 by Dennis Damp

Share

According to Wilbert J Morell III, a retired Navy Engineering Project manager, “based on the September economic outlook, the CPI-W is expected to increase above 0.6%, Wilbert predicts the Social Security & CSRS COLA will be 3.4% and the FERS COLA 2.4%.” The estimates increased about a half of a percent since our first article […]

Tags: , , , ,
Posted in

| Comments (4)

Posted on Friday, 18th August 2023 by Dennis Damp

Share

The Office of Personnel Management (OPM) released three videos recently to help federal retirees navigate their online retirement services accounts. Those planning their retirement should be aware of the process; when you leave sign up to access your annuity and benefits information online. This initiative is designed to assist federal employees transition from active service […]

Tags: , ,
Posted in

| Comments (0)

Posted on Friday, 21st July 2023 by Dennis Damp

Share

The 2023 FEHB Open Season will run from November 13 through December 11, 2023. Open Season starts every year on the Monday of the second full work week in November and ends on the Monday of the second full work week in December. OPM sent a FEHB Program Carrier Letter to all FEHB providers on […]

Tags: , ,
Posted in

| Comments (0)

Posted on Friday, 7th July 2023 by Dennis Damp

Share

Retirees continue to suffer the brunt of inflation’s wrath with little relief on the horizon. Yes, the feds continue to say inflation is waning but few of us feel a sense of relief from the high cost of everything today, especially big-ticket items: housing, rent, gas at the pump, utilities, travel in general, and visits […]

Tags: , , , , ,
Posted in

| Comments (0)

Posted on Friday, 23rd June 2023 by Dennis Damp

Share

Recently updated, and at times contradictory TSP guidance concerning this subject, was presented in my previous article. I would like to thank Tammy Flanagan, a former federal employee, professional federal benefits specialist, and friend for contacted me about this issue. The Beneficiary Conundrum How assets of TSP accounts are distributed to beneficiaries, upon the owner’s […]

Posted in

| Comments (0)

Posted on Friday, 16th June 2023 by Dennis Damp

Share

I discussed the spousal and non-spousal beneficiary issues with a TSP representative last week to substantiate the following inherited account guidelines. When an annuitant or surviving spouse dies the TSP sends out a determination package to beneficiaries. They set up a survivor account for spouses or a temporary account for non-spousal beneficiaries that can be […]

Tags: , , , , ,
Posted in

| Comments (0)

Terms Of Use