Posted on Thursday, 16th January 2014 by Dennis Damp
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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| Comments (0)Posted on Thursday, 2nd January 2014 by Dennis Damp
(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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| Comments (0)Posted on Wednesday, 27th November 2013 by Dennis Damp
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 […]
Tags: Beneficiary Designations, CSRS, estate planning, Federal Retirement, FEGLI, FERS, TSP beneficiaries
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Posted on Friday, 1st November 2013 by Dennis Damp
Federal retirees, social security recipients, and military retirees will receive a 1.5% COLA next year! This is the lowest COLA since 1985 not counting the two years we did without one. Based on the average retiree’s annuity the 2014 COLA will add approximately $48 monthly for CSRS retirees and $18 for FERS retirees age 62 or older. It’s hard to […]
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Posted on Thursday, 17th October 2013 by Dennis Damp
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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| Comments (0)Posted on Saturday, 5th October 2013 by Dennis Damp
I retired in 2005 at age 55, almost 9 years ago! Honestly, I wouldn’t have retired if I didn’t have 35+ years of service at the time and an avocation, my business to fall back on. Had I stayed I would be retiring with 45 years and a maxed out annuity. What I enjoy about […]
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| Comments (0)Posted on Friday, 30th August 2013 by Dennis Damp
Many federal employees and retirees alike are concerned about being forced out of the FEHB program and into local health care exchanges that are mandated by President Obama’s Affordable Care Act. I’m not sure why it was called the Affordable Care Act when in reality insurance costs have already increased considerably across all sectors since […]
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Posted on Friday, 19th July 2013 by Dennis Damp
We purchased a 9 year old home last year and the seller thankfully included a home warranty. Since we moved in we used the home warranty services many times saving us thousands of dollars in repairs. Recently, I renewed the contract and had to call them out shortly thereafter. When we were purchasing our new […]
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