SOCIAL SECURITY / MEDICARE | Federal Employee's Retirement Planning Guide

2017 is a Wrap – Good News For 2018

Posted on Friday, 29th December 2017 by Dennis Damp

Lots of good news for federal employees and annuitants alike this year. First off, there were no major changes to our benefits even though many services wrote volumes about proposals that never materialized. I seldom cover these proposals because the majority of members in both parties currently don’t support them. That being said entitlements and […]

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Where Are You Now! Looking At The Numbers….

Posted on Monday, 18th December 2017 by Dennis Damp

No matter where you are at in your life; just starting out, mid career or retired, knowing where you stand financially helps you weather the storms that may be ahead. Do you have the resources to not only make ends meet today but to have the freedom in retirement to expand your horizons and do […]

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Blue Cross Blue Shield Basic to GEHA Standard FEHB Plan Comparisons

Posted on Thursday, 19th October 2017 by Dennis Damp

Many annuitants change to a lower cost FEHB plan because most plans waive the majority of the deductibles, copayments, and coinsurance payments when you sign up for Medicare Part A & B. One of our newsletter subscribers contacted me about the change to Blue Cross Blue Shield Basic for 2018. The FepBlue.org site states, “If […]

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Getting a Head Start on the FEHB Open Season

Posted on Monday, 9th October 2017 by Dennis Damp

Open season runs from November 13 through December 11 of this year however some providers already have their 2018 plan brochures available. GEHA sent me an email message listing a summary of plan changes for 2018 and a link to their 2018 brochure! You can view the GEHA 2018 Brochure on their site and save […]

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TSP Investor Alert and the Equifax Data Breach

Posted on Monday, 18th September 2017 by Dennis Damp

The SEC’s Office of Investor Education and Advocacy (OIEA) and Broker-Dealer Task Force issued an investor alert this summer warning the more than 5 million Thrift Savings Plan (TSP) participants, and investors in other federal government employee retirement plans, that investment scam artists may pretend to be affiliated with a government agency. Legitimate companies will […]

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FEHB Open Season Prep + Qualifying Life Events

Posted on Sunday, 3rd September 2017 by Dennis Damp

The Federal Employees Health Benefits (FEHB) Open season runs from November 13 through December 11 of this year. The 2018 provider brochures should be uploaded soon and when they are released we will present a summary of the 2018 FEHB open season changes and premium increases. Hopefully, the premiums won’t skyrocket like they have and […]

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2017 FEHB Open Season, Retiree Jobs Update, and what’s Coming Next

Posted on Saturday, 19th August 2017 by Dennis Damp

The 2017 FEHB open season will run from November 13 through December 11, 2017. Each year Open Season runs from the Monday of the second full workweek in November through the Monday of the second full workweek in December. Health care services providers are required to submit benefit and rate proposals for the contract term […]

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Then and Now Plus CD Rates on the Rise

Posted on Thursday, 27th July 2017 by Dennis Damp

I vividly recall visiting my house parents room in 1959. My brother and I were in a home for boys and our house parents had just purchased a console color TV, the first any of us had seen, and it had a remote control! Each time she changed the channel you could hear the motor […]

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