fbpx

Posted on Friday, 24th January 2020 by Dennis Damp

Share

New retirees are subject to interim annuity payments and many don’t know what to expect when they first leave federal service. Federal employees must have sufficient cash available and be financially prepared when retiring to allow OPM to complete a final adjudication of their claim. Request a Federal Retirement Report™ today to review your projected annuity payments, income […]

Posted in

| Comments (0)

Posted on Friday, 29th November 2019 by Dennis Damp

Share

Prior to Medicare eligibility, when you are under age 65, many elect high option plans to reduce their exposure to deductibles, coinsurance, and copayments. However, when you turn 65 and enroll in the traditional Medicare A & B options, it often makes sense to switch to a lower cost plan. Most Federal Employee Health Benefit […]

Posted in

| Comments (0)

Posted on Sunday, 24th November 2019 by Dennis Damp

Share

Each year during open season I request brochures from providers of interest and review Section 2 to see what is changing for the new year. I also review Section 9 to confirm what each plan covers when you are enrolled in Medicare and check the coverage for areas where we know we will need services […]

Posted in

| Comments (4)

Posted on Friday, 15th November 2019 by Dennis Damp

Share

Retirement is more of a destination unlike a planned vacation where you return to work a few days after the trip is over.  Whether you are going on vacation or planning your retirement you have to research and prepare to make the event truly remarkable. Attend a 2-Hour Benefits Briefing – Check Availability Carole, one […]

Posted in

| Comments (0)

Posted on Wednesday, 30th October 2019 by Dennis Damp

Share

The Federal Employees Health Benefits (FEHB) Open Season for selecting our 2020 healthcare plans runs from November 11th through December 9th this year. There are tools available to evaluate provider options, select your 2020 plan, and submit changes to OPM. Use the following resources to make an informed decision for you and your family’s health care […]

Posted in

| Comments (0)

Posted on Thursday, 24th October 2019 by Dennis Damp

Share

Many of us don’t necessarily think twice about security surrounding our health care; instead, we want care to be easy and affordable. Recently, new fraud and scam warnings have surfaced surrounding the Medicare program, particularly during open season, which began on October 15. Those ‘scammers’ are seeking critical insurance data and financial information along with […]

Posted in

| Comments (0)

Posted on Friday, 4th October 2019 by Dennis Damp

Share

Our government reports that inflation is low yet every time we turn around prices are increasing.  I often ponder why our COLAs are so low most years when we know from firsthand experience that the costs of almost everything is going through the roof. We purchased a new car in 2016, a luxury model at […]

Posted in

| Comments (0)

Posted on Sunday, 15th September 2019 by Dennis Damp

Share

We can look forward to a COLA increase for 2020 of between 1.6% to 1.8%, a significant decrease from last year’s 2.8%. The Social Security Administration estimated a 1.8% increase and the July issue of Kiplinger magazine suggested it may be lower at 1.6% based on their projections. The Social Security Act specifies a formula […]

Posted in

| Comments (0)

Terms Of Use