Posted on Friday, 29th September 2023 by Dennis Damp
Long Term Partners, LLC sent their 2023 enrollee decision period offer letter on September 11. We have until November 9, 2023 to either accept the offer listed under Option 1 or submit a selection form changing coverage to option 2, 3 or 4. If Long Term partners doesn’t receive an election from by this date, […]
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Posted on Friday, 8th September 2023 by Dennis Damp
The Postal Service Health Benefits (PSHB) Program will replace Federal Employees Health Benefit (FEHB) Program coverage for eligible Postal Service employees, Postal Service annuitants, and their eligible family members starting in 2025. This new separate program, within the Federal Employees Health Benefits (FEHB) Program, is administered by the Office of Personnel Management (OPM). One of […]
Tags: FEHB, Health Care, Medicare Part B, New Health Care System for Postal Employees, PSHB
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Posted on Friday, 11th August 2023 by Dennis Damp
Please forward this to others needing retirement planning assistance. Those planning their retirement and annuitants require accessible resources to find answers to their retirement questions. The new year is fast approaching and many feds are now determining their best date to retire. Retirement planning is of and in itself a complicated process with many avenues to […]
Tags: Federal Employee Counseling Services, Federal Retirement, Retirement Planning Assistance
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Posted on Friday, 21st July 2023 by Dennis Damp
The 2023 FEHB Open Season will run from November 13 through December 11, 2023. Open Season starts every year on the Monday of the second full work week in November and ends on the Monday of the second full work week in December. OPM sent a FEHB Program Carrier Letter to all FEHB providers on […]
Tags: Federal Retirement, FEHB Premiums, Medicare Premiums
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Posted on Friday, 23rd June 2023 by Dennis Damp
Recently updated, and at times contradictory TSP guidance concerning this subject, was presented in my previous article. I would like to thank Tammy Flanagan, a former federal employee, professional federal benefits specialist, and friend for contacted me about this issue. The Beneficiary Conundrum How assets of TSP accounts are distributed to beneficiaries, upon the owner’s […]
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Posted on Friday, 2nd June 2023 by Dennis Damp
Please forward this to others that may find this information helpful. They can sign-up to receive my free Retirement Planning Newsletter. The first part of this article discussed the delays survivors can expect before receiving their first annuity check, electing a survivor’s annuity, survivor’s annuity cost, reporting a death, and submitting the application for death […]
Tags: OPM Death Benefit Processing, Reporting a Death to OPM, Survivor Benefits, Survivor's Annuity
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Posted on Friday, 3rd February 2023 by Dennis Damp
Forward this to others that may find this information helpful. They can sign-up to receive my free Retirement Planning Newsletter. It’s the beginning of a new year! A good time for those planning their retirement to assess where they are financially, and take the necessary steps to secure their future. Federal employees received a significant pay […]
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Posted on Friday, 20th January 2023 by Dennis Damp
Federal annuitants typically receive their updated Annuity Statement, with the COLA increase added, early January. OPM’s 1099 R Tax Forms aren’t available until the end of January by regular mail while my Social Security’s SSA 1099 from was received January 10th! Download Your Forms Now Registered users of OPM’s Retirement Services Website can download their Annual Annuity […]
Tags: 1099 R Forms, Annuity Statements, OID Forms
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