fbpx

Medicare Premiums Skyrocket

Posted on Friday, 19th November 2021 by Dennis Damp

Share

Transitory inflation is a myth that is unsustainable. Yes, the COLA this year was 5.9%; since it was announced, the Bureau of Labor Statistics reported prices climbed 6.2% year-over-year, the largest increase since November 1990. Everything we buy or the services we use with few exceptions are increasing at an alarming rate. Medicare premiums were […]

Posted in

| Comments (0)

Flexible Spending Accounts (FSA)

Posted on Thursday, 18th November 2021 by Shawn McCoy

Share

With the Federal Open Season this is a great time to review a benefit that is not widely used by Federal employees, the Federal Flexible Spending Account Program (FSAFEDS). The first question most Feder employees ask is “What is the Federal Flexible Spending Account Program (FSAFEDS)?” FSAFEDS allows federal employees to save money for health […]

Posted in

| Comments (0)

GEHA Standard to BCBS Basic Plan Comparison – 2022

Posted on Saturday, 13th November 2021 by Dennis Damp

Share

This summary compares the 2022 GEHA Standard and Blue Cross Blue Shield (BCBS) Basic plans. There are many other plans to consider. I used these two nationwide providers because BCBS has the most subscribers and GEHA has one of the lowest premiums for their standard plan. Many annuitants change to a lower cost FEHB plan […]

Posted in

| Comments (4)

2022 FEHB Plan Selection Guide

Posted on Friday, 5th November 2021 by Dennis Damp

Share

Open season runs from November 8th through December 13th.  There are tools available to evaluate provider options, select your 2022 plan, and submit changes to OPM. Use the following resources to make an informed decision for you and your family’s health care needs. Forward this article to others that can use this “Open Season” information. […]

Posted in

| Comments (0)

2022 FEHB Open Season Advice

Posted on Friday, 29th October 2021 by Dennis Damp

Share

There are many things to consider when reviewing your FEHB health care plans during open season.  Plan premiums and benefits change year to year. Without a thorough review and comparison between plans you could unintentionally pass up a better deal.  I know this firsthand, as a federal employee for 36 years and a retiree these […]

Posted in

| Comments (2)

Working in Retirement – The Advantages

Posted on Friday, 22nd October 2021 by Dennis Damp

Share

First, let me start off with a correction for the COLA article sent out last week. Here is the correct link to the table of all COLAs from 1999 to the present. I generally release timely articles the day they are announced; in the rush I neglected to check the original link. There are many […]

Posted in

| Comments (0)

2022 COLA Announced and Annuity Projection Calculator

Posted on Wednesday, 13th October 2021 by Dennis Damp

Share

I reported in mid-September that the 2022 COLA was projected to be close to 6% or more. The Social Security Administration announced a 5.9% COLA increase on October 13th for 2022. CSRS annuitants will receive the full 5.9% this year while FERS annuitants will receive 4.9%, still a hefty increase from last year’s 1.3%. View […]

Posted in

| Comments (2)

FEHB Average health care Premiums rising for 2022

Posted on Friday, 8th October 2021 by Dennis Damp

Share

We are used to paying more for everything these days so it shouldn’t be a surprise again this year that the majority of our Federal Employee’s Health Benefits (FEHB) premiums are going up. The average total premiums for current non-Postal employees and annuitants enrolled in plans under the FEHB Program will increase 2.4 percent for […]

Posted in

| Comments (2)

Terms Of Use