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FEHB Medicare Advantage Plans – What You Need to Know

Posted on Friday, 2nd December 2022 by Dennis Damp

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For most federal annuitants, FEHB Medicare Advantage (MA) plans will be the cheapest option next year. They combine low out-of-pocket healthcare expenses—sometimes $0 besides prescription drugs— with a Part B premium reduction. We’ll cover how they work, how much money you can save switching from popular FEHB plans, and who shouldn’t join an FEHB MA […]

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The FEHB Open Season Conundrum, Selecting the Best Plan

Posted on Friday, 25th November 2022 by Dennis Damp

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Please forward this to all federal employees, annuitants, and survivors Each year we publish numerous articles about the current open season’s (FEHBs) available plans, and we send out an updated “Open Season Selection Guide.” We also publish various FEHB plan comparisons, point out coverage concerns, new plan features, and relay the concerns of our readers […]

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Blue Cross Blue Shield Basic to GEHA Standard Plan Comparison – 2023

Posted on Thursday, 17th November 2022 by Dennis Damp

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Please forward this article to others that may find this information useful. This summary compares the 2023 Self + One Blue Cross Blue Shield (BCBS) Basic plan to the GEHA Standard plan for those who are 65 or older. BCBS has the most subscribers and GEHA has one of the lowest premiums for their standard […]

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2023 FEHB Plan Selection Guide

Posted on Friday, 11th November 2022 by Dennis Damp

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Forward this article to others that can use this “Open Season” information. Open season runs from November 14th through December 12th.  Our Federal Employee’s Health Benefit (FEHB) plan premiums increased an average of 7.2%! There are tools available to evaluate provider options, compare costs, select your 2023 plan, and submit changes to OPM. Use the […]

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Updated Federal Retiree’s Master Contact List

Posted on Friday, 4th November 2022 by Dennis Damp

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Please forward this to other retirees and those planning their retirement. Murielle, one of our newsletter subscribers, suggested we update our Federal Retiree’s Master Contact List. The last update was in 2019; we made a number of changes and additions to enhance its usefulness. You will find key contacts for OPM, Medicare, Social Security, the […]

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I-Savings Bond’s New Rate 6.89% & Treasury Bill Yields Update

Posted on Tuesday, 1st November 2022 by Dennis Damp

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This is a challenging time for investors with the country bordering on a recession with extreme market volatility. The Treasury still offers a safe haven for our cash with decent yields. Unfortunately, with the exception of the TSP G-Fund, private sector bonds funds were a disappointment this past year, falling anywhere from 5 to 20% […]

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2023 Leave Chart & Schedule Tracker Now Available

Posted on Friday, 21st October 2022 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 used. Our updated 2023 Excel Leave Chart is designed for active federal employees that are planning their retirement and need to establish realistic target retirement dates. This spreadsheet also helps federal […]

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Caution – Beneficiary Designation Alert

Posted on Friday, 14th October 2022 by Dennis Damp

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Please forward this alert to others that may need to review their beneficiary designations. A site visitor contacted us about her husband’s untimely death. He died the day before he was scheduled to retire from federal service. His wife was notified by a HR specialist that she might not receive any of her husband’s retirement […]

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