Posted on Thursday, 2nd January 2014 by Dennis Damp
(Article updated 1/12/2021 with updated Medicare Part B Premiums) My last article titled Medicare and FEHB Options – What Will You Do When You Turn 65?, part 1 of this 3 part series, introduced Medicare Part A and general information you need to know to apply. This article will help you understand Part B and […]
Posted in
| Comments (0)Posted on Thursday, 12th December 2013 by Dennis Damp
Updated 10/20/2023 We receive many questions each year about how Medicare interacts with the FEHB program. This is the first of a three part series that introduces the Medicare program including Part A and how to apply. Part 2 discusses what to consider before enrolling in Medicare Part B and Part 3 talks about whether […]
Posted in
| Comments (0)Posted on Wednesday, 27th November 2013 by Dennis Damp
OPM recently added a new feature to their Retiree Service Online site at https://www.servicesonline.opm.gov/. You can now download and print out a current copy of your FEGLI Verification of Life Insurance (VOLI) Coverage. You can also print out duplicate 1099s for 2013 on this site when they are released. Previously you had to request a […]
Tags: Beneficiary Designations, CSRS, estate planning, Federal Retirement, FEGLI, FERS, TSP beneficiaries
Posted in
Posted on Monday, 18th November 2013 by Dennis Damp
Another year is almost over! The older I get the faster the days go by and at an alarming rate. Christmas is around the corner and It seems like I just completed our 2012 taxes and sure enough I’m starting to compile information and purchasing Turbo Tax for 2013. Each year I register for OPM’s […]
Tags: FEHB, FEHB Open Season, FERS Retirement
Posted in
Posted on Friday, 1st November 2013 by Dennis Damp
Federal retirees, social security recipients, and military retirees will receive a 1.5% COLA next year! This is the lowest COLA since 1985 not counting the two years we did without one. Based on the average retiree’s annuity the 2014 COLA will add approximately $48 monthly for CSRS retirees and $18 for FERS retirees age 62 or older. It’s hard to […]
Posted in
Posted on Thursday, 17th October 2013 by Dennis Damp
I would say that anyone who has to borrow to pay their mortgage is in trouble, wouldn’t you! Can you imagine having to borrow not only to pay the mortgage but to just make the interest payments on your credit cards and other debt? Fortunately the government shutdown is over and everyone should be back […]
Posted in
| Comments (0)Posted on Friday, 30th August 2013 by Dennis Damp
Many federal employees and retirees alike are concerned about being forced out of the FEHB program and into local health care exchanges that are mandated by President Obama’s Affordable Care Act. I’m not sure why it was called the Affordable Care Act when in reality insurance costs have already increased considerably across all sectors since […]
Posted in
Posted on Sunday, 23rd June 2013 by Dennis Damp
Recently, due to budget cuts, OPM reduced their call-center’s hours and they are now open from 7:40 a.m. to 5 p.m. Eastern Time. To talk to a retirement consultant, report an annuitant’s death, request a duplicate 1099 R or other issues call their toll free number at 1-888-767-6738. For those in the DC area call […]
Posted in
 |
 |
 |
|
||
 |
|
 |
|
||