Posted on Wednesday, 30th November 2016 by Dennis Damp
About two years ago I purchased hearing aids from Costco and talked about the process in an article titled “Did You Hear That? A Fitting End to a Frustrating Problem.” The two hearing aids were only $1699.00 and my FEHB plan reimbursed me for the total amount. I had to have Costco send one of […]
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| Comments (0)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 Sunday, 23rd October 2016 by Dennis Damp
WOW! They finally approved a COLA increase. It’s amazing how low they can go, .03 Percent for 2017. If your federal retirement annuity is $2,000 per month, you will see $6 more in your check. The average Social Security increase is $4 a month! The Federal Reserve continues to keep interest rates so low that […]
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Posted on Friday, 14th October 2016 by Dennis Damp
I was fortunately able to get an early start on this year’s FEHB Open Season that runs from November 14 through December 12. Last week’s column discussed the average 4.4% premium increase for 2017 and post card that GEHA sent about changes to my plan. I was able to download the GEHA 2017 plan brochure; […]
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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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