Posted on Thursday, 7th January 2021 by Dennis Damp
Corrections: I misquoted the 2021 COLA in last week’s article titled “1% Pay Raise Approved for 2021 – GS Pay Charts Available;” it is 1.3% not 1.6% The blog article was corrected. Generally, in late December federal retirees receive a Notice of Annuity Adjustment that provides abundant information for annuitants and their survivors. The mailed statements […]
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| Comments (0)Posted on Friday, 1st January 2021 by Dennis Damp
Those planning to retire soon will benefit somewhat from the small 1% federal employee’s pay raise this year. Primarily, your annual leave buy back will be at the new pay rate starting the first pay period of 2021. If you plan on staying another year or longer the raise will increase your high three average […]
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Posted on Saturday, 19th December 2020 by Dennis Damp
The year started off with a bang: market up, unemployment the lowest it had been in decades, and hopes were high for the new year. That changed course abruptly when COVID overtook life as we knew it, yet we persevered and are on the road to recovery at years end thanks to the Warp Speed […]
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| Comments (0)Posted on Wednesday, 9th December 2020 by Dennis Damp
John read my article titled “Changes for the 2021 FEHB Open Season – Save Some Serious Money” and asked what my wife’s OPP costs were for the surgeries I mentioned. Many want to know if what our FEHB plans pay is enough to offset and warrant paying Part B premiums? Request a Federal Retirement Report™ to […]
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Posted on Monday, 7th December 2020 by Dennis Damp
As the 2021 FEHB Open Season draws to a close Monday, December 14th, there’s still time to look for a new plan or confirm your existing plan is the right choice. Here are a few things to consider. Enrollment status – 90% of the time self-plus-one enrollment is cheaper than self-family enrollment, but not always. […]
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Posted on Friday, 27th November 2020 by Dennis Damp
There were a lot of questions concerning the new Medicare Advantage (MA) plans that we reviewed in my previous article. I recently ran a comparison of the Aetna MA (Z26) Plan to GEHA’s Standard (316) Plan and Blue Cross & Blue Shield’s (BCBS) Basic (113) Plans using OPM’s FEHB Plan Comparison Tool and Checkbook’s Guide […]
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Posted on Thursday, 19th November 2020 by Dennis Damp
This Open Season, federal retirees have new Medicare Advantage Part C (MA) plans to consider joining. Our analysis shows these offerings are an outstanding value. Let’s spend some time discussing how they work, how much you could save by joining one, and how to enroll. Aetna, Kaiser, and UnitedHealthcare now offer MA plans designed only […]
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Posted on Thursday, 12th November 2020 by Dennis Damp
The 2021 FEHB Open Season runs from Monday, November 9th through December 14th and now is a good time to look at the changes facing retirees this year and to share some important advice to help you select the plan that’s right for you, which could possibly save you thousands of dollars. Request Your Personalized […]
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