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FEHB Medicare Advantage Plans (Proceed with Caution)

Posted on Saturday, 20th November 2021 by Dennis Damp

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Updated 11/23/2022 My recent article titled “GEHA Standard to BCBS Basic Plan Comparison – 2023” stated that Federal Employees Health Benefits (FEHB) Medicare Advantage (MA) plans could possibly save you even more. These plans were introduced as new options in the FEHB program over the past several years. Many federal employees and annuitants are curious […]

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Medicare Premiums Skyrocket

Posted on Friday, 19th November 2021 by Dennis Damp

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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 […]

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Flexible Spending Accounts (FSA)

Posted on Thursday, 18th November 2021 by Shawn McCoy

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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 […]

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GEHA Standard to BCBS Basic Plan Comparison – 2022

Posted on Saturday, 13th November 2021 by Dennis Damp

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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 […]

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2022 FEHB Plan Selection Guide

Posted on Friday, 5th November 2021 by Dennis Damp

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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. […]

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2022 FEHB Open Season Advice

Posted on Friday, 29th October 2021 by Dennis Damp

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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 […]

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Working in Retirement – The Advantages

Posted on Friday, 22nd October 2021 by Dennis Damp

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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 […]

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2022 COLA Announced and Annuity Projection Calculator

Posted on Wednesday, 13th October 2021 by Dennis Damp

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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 […]

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