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The FEP Medicare Prescription Drug Program (MPDP)

Posted on Thursday, 2nd November 2023 by Dennis Damp

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I received several emails from Blue Cross and Blue Shield (BCBS) plan members about this new offering. Federal employees and annuitants enrolled in Medicare and one of the BCBS plans will automatically be enrolled in the new MPDP plan unless they opt out. Sign up for a complimentary retirement planning session and a FREE retirement […]

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2024 COLA Increase is 3.2% & Medicare New Part B & D Premiums

Posted on Friday, 13th October 2023 by Dennis Damp

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More than 71 million Americans will see a 3.2% increase in their Social Security benefits and Supplemental Security Income (SSI) payments in 2024. Social Security retirement benefits will increase on average more than $50 per month starting in January. Federal retiree’s annuities under the Civil Service Retirement System (CSRS) receive the full 3.2% increase while […]

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2024 FEHB Open Season Changes Plus Expanded Services

Posted on Friday, 6th October 2023 by Dennis Damp

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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 […]

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Long Term Care (LTC) Insurance – Premiums Rising, AGAIN!

Posted on Friday, 29th September 2023 by Dennis Damp

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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, […]

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2024 COLA Projections and Fixed Income Updates

Posted on Friday, 15th September 2023 by Dennis Damp

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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 […]

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This, That, and Other Things – Nothing but the Truth

Posted on Friday, 1st September 2023 by Dennis Damp

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How did I ever find time to work before retiring? A lament expressed by many retirees, including myself. Life was much simpler, slower paced, with fewer technological advancements when I was young and full of vim and vigor. That ship has long since sailed. Frustration Times 10 A friend forwarded me Steeler Tickets via email […]

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Retirement Planning Assistance – Finding Help (2023 Update)

Posted on Friday, 11th August 2023 by Dennis Damp

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Please forward this to others needing retirement planning assistance. Those planning their retirement and annuitants require accessible resources to find answers to their retirement questions. The new year is fast approaching and many feds are now determining their best date to retire. Retirement planning is of and in itself a complicated process with many avenues to […]

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Reflections and a Fixed Income Update – June 2023

Posted on Friday, 7th July 2023 by Dennis Damp

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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 […]

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