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2020 FEHB Plan Selection Guide

Posted on Wednesday, 30th October 2019 by Dennis Damp

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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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Open Season Precautions – Fraud Alert

Posted on Thursday, 24th October 2019 by Dennis Damp

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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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2020 COLA and Annuity Projection Calculator Update

Posted on Saturday, 12th October 2019 by Dennis Damp

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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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2020 Leave Chart & Schedule Tracker Now Available

Posted on Sunday, 6th October 2019 by Dennis Damp

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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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Health Care Premiums Rising – What Else is New!

Posted on Friday, 4th October 2019 by Dennis Damp

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Our government reports that inflation is low yet every time we turn around prices are increasing.  I often ponder why our COLAs are so low most years when we know from firsthand experience that the costs of almost everything is going through the roof. We purchased a new car in 2016, a luxury model at […]

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2020 COLA and the 2019 Health Care Open Season

Posted on Sunday, 15th September 2019 by Dennis Damp

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We can look forward to a COLA increase for 2020 of between 1.6% to 1.8%, a significant decrease from last year’s 2.8%. The Social Security Administration estimated a 1.8% increase and the July issue of Kiplinger magazine suggested it may be lower at 1.6% based on their projections. The Social Security Act specifies a formula […]

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Returning to Work – Rehired Annuitants

Posted on Sunday, 1st September 2019 by Dennis Damp

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I often receive questions from retirees desiring to return to work and from agency HR departments interested in hiring former federal employees.  Agency recruiters are trying whatever they can to fill critical positions.  With an unemployment rate of 3.7% the country is at full employment. One of the ways to fill critical positions is to […]

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Alert – New TSP Withdrawal Options

Posted on Saturday, 17th August 2019 by Dennis Damp

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On September 15th the TSP will implement new withdrawal options for all participants. I published an article last March titled TSP Changes & Required Minimum Distributions (RMDs) discussing the pending changes and how RMDs will be handled under the new rules. Request a  Federal Retirement Report™  today to review your projected annuity payments, income verses expenses, FEGLI, […]

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