fbpx

Prescription Drug Coverage and MA Plans in 2024 – Part 2

Posted on Friday, 10th November 2023 by Dennis Damp

Share

The Inflation Reduction Act’s Part D reforms will impact FEHB plans in 2024. Historically, most federal annuitants didn’t need to consider Part D because FEHB prescription drug benefits were as good or better and didn’t have an additional premium. However, OPM has allowed FEHB plans to offer Part D prescription drug plans (PDP) in 2024, […]

Tags: , , , , , ,
Posted in

| Comments (0)

The FEP Medicare Prescription Drug Program (MPDP)

Posted on Thursday, 2nd November 2023 by Dennis Damp

Share

I received a number of emails from Blue Cross and Blue Shield (BCBS) plan members about this new offering. Federal employees and annuitants, enrolled in Medicare and one of the BCBS plans, will automatically be enrolled in the new MPDP plan unless they opt-out. The BCBS website is fairly straight forward and addresses many of […]

Tags: , , ,
Posted in

| Comments (11)

2024 COLA Increase is 3.2% & Medicare New Part B & D Premiums

Posted on Friday, 13th October 2023 by Dennis Damp

Share

More than 71 million Americans will see a 3.2% increase in their Social Security benefits and Supplemental Security Income (SSI) payments in 2024. Social Security retirement benefits will increase on average more than $50 per month starting in January. Federal retiree’s annuities under the Civil Service Retirement System (CSRS) receive the full 3.2% increase while […]

Posted in

| Comments (0)

2024 FEHB Open Season Changes Plus Expanded Services

Posted on Friday, 6th October 2023 by Dennis Damp

Share

Each year OPM announces changes to the Federal Employee’s Health Benefit (FEHB) plans. This year is no exception, and there are a number of significant improvements to our health benefits program coming next year. These changes include expanded coverage for fertility, including broader coverage of in-vitro fertilization (IVF) related services, gender affirming care, prevention and […]

Tags: , ,
Posted in

| Comments (2)

Long Term Care (LTC) Insurance – Premiums Rising, AGAIN!

Posted on Friday, 29th September 2023 by Dennis Damp

Share

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, […]

Posted in

| Comments (0)

FEHB Adding Medicare Part B Requirement for (PSHB) Plans

Posted on Friday, 8th September 2023 by Dennis Damp

Share

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. Click on this banner to sign up for a complimentary retirement planning session and a FREE retirement planning report This new separate program, […]

Tags: , , , ,
Posted in

| Comments (2)

Retirement Planning Assistance – Finding Help (2023 Update)

Posted on Friday, 11th August 2023 by Dennis Damp

Share

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: , ,
Posted in

| Comments (0)

Higher FEHB & Medicare Premiums on the Horizon for 2024

Posted on Friday, 21st July 2023 by Dennis Damp

Share

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: , ,
Posted in

| Comments (0)

Terms Of Use