Posted on Monday, 30th December 2019 by Dennis Damp
Those planning to retire soon will benefit from the pay raise in a number of ways. Primarily, your annual leave buy back will be at the new pay rate starting the first pay period of 2020. If you plan on staying another year or longer the raise will increase your high three average earnings that […]
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Posted on Friday, 29th November 2019 by Dennis Damp
Prior to Medicare eligibility, when you are under age 65, many elect high option plans to reduce their exposure to deductibles, coinsurance, and copayments. However, when you turn 65 and enroll in the traditional Medicare A & B options, it often makes sense to switch to a lower cost plan. Most Federal Employee Health Benefit […]
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Posted on Sunday, 24th November 2019 by Dennis Damp
Each year during open season I request brochures from providers of interest and review Section 2 to see what is changing for the new year. I also review Section 9 to confirm what each plan covers when you are enrolled in Medicare and check the coverage for areas where we know we will need services […]
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Posted on Friday, 15th November 2019 by Dennis Damp
Updated 12-15-2024 Retirement is more of a destination, unlike a planned vacation, where you return to work a few days after the trip is over. Whether you are going on vacation or planning your retirement you have to research and prepare to make the event truly remarkable. Carole, one of our newsletter subscribers, asked if […]
Tags: CSRS, Federal Benefits for Employees, Federal Employee Retirement planning, FEGLI, FEHB, FERS
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Posted on Wednesday, 30th October 2019 by Dennis Damp
The Federal Employees Health Benefits (FEHB) Open Season for selecting our 2020 healthcare plans runs from November 11th through December 9th this year. There are tools available to evaluate provider options, select your 2020 plan, and submit changes to OPM. Use the following resources to make an informed decision for you and your family’s health care […]
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Posted on Thursday, 24th October 2019 by Dennis Damp
Many of us don’t necessarily think twice about security surrounding our health care; instead, we want care to be easy and affordable. Recently, new fraud and scam warnings have surfaced surrounding the Medicare program, particularly during open season, which began on October 15. Those ‘scammers’ are seeking critical insurance data and financial information along with […]
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Posted on Saturday, 12th October 2019 by Dennis Damp
I reported in mid-September that our 2020 COLA was projected to be 1.6% according to Kiplinger’s. They were spot on. The Social Security Administration announced a 1.6% COLA increase on October 10th for 2020. CSRS and FERS annuitants will all receive the full 1.6% this year. Request a Federal Retirement Report today to review your projected […]
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Posted on Sunday, 6th October 2019 by Dennis Damp
Each year we publish a comprehensive leave record that federal employees can use to track their annual and sick leave, comp, and credit hours. Our updated 2020 Excel Leave Chart is designed for active federal employees that are planning their retirement and need to establish realistic target retirement dates. The new Excel 2020 Leave Record […]
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