fbpx

2022 FEHB Open Season Advice

Posted on Friday, 29th October 2021 by Dennis Damp

Share

There are many things to consider when reviewing your FEHB health care plans during open season.  Plan premiums and benefits change year to year. Without a thorough review and comparison between plans you could unintentionally pass up a better deal.  I know this firsthand, as a federal employee for 36 years and a retiree these […]

Posted in

| Comments (2)

FEHB Average health care Premiums rising for 2022

Posted on Friday, 8th October 2021 by Dennis Damp

Share

We are used to paying more for everything these days so it shouldn’t be a surprise again this year that the majority of our Federal Employee’s Health Benefits (FEHB) premiums are going up. The average total premiums for current non-Postal employees and annuitants enrolled in plans under the FEHB Program will increase 2.4 percent for […]

Posted in

| Comments (2)

Seeds of Change – Making a Difference

Posted on Saturday, 18th September 2021 by Dennis Damp

Share

The older generations, including retirees and those still working and planning their exit, have a vast collective voice that is often ignored or relegated to background noise by the news media, big tech, political parties, and others. The older generations have ways to effect change to a greater degree than most realize. Only a small […]

Posted in

| Comments (0)

Deciding When To Retire – Use this 7-Step Guide

Posted on Friday, 3rd September 2021 by Dennis Damp

Share

When can I retire? A question asked often by those approaching retirement age and by those early in their career who have the foresight to think ahead. It isn’t as simple a decision as reaching your eligibility date, especially if you haven’t prepared early in your career to have the assets necessary to make this […]

Posted in

| Comments (0)

Annuity Expectations – Before and After

Posted on Friday, 6th August 2021 by Dennis Damp

Share

Your annuity, a defined benefit retirement plan, is determined by the retirement system that you are in, either the Federal Employees Retirement System (FERS) or the Civil Service Retirement System (CSRS). Approximately 2 percent of current federal employees are under the old CSRS / CSRS Offset system, the FERS program was established in the 1980s. […]

Posted in

| Comments (0)

Prescription Savings Cards & Coupons

Posted on Thursday, 22nd July 2021 by Dennis Damp

Share

A number of our newsletter subscribers commented on my article titled, “Unexpected Medical Expenses.”  Several stand out and need further clarifications. One of particular interest was from Richard, he will turn 65 later this year and wanted to know if the drug manufacturer’s “savings card” that he now uses would be accepted after signing up […]

Posted in

| Comments (2)

Unexpected Health Care Costs

Posted on Friday, 9th July 2021 by Dennis Damp

Share

One of our subscribers was blindsided by an unexpected FEHB plan copayment after reaching age 65.  His copayment for a wellness visit increased from $30 previously to $170 and his FEHB provider stated that they only pay after 65 for what Medicare would pay even if you aren’t enrolled in Medicare. Under the FEHB law, […]

Posted in

| Comments (2)

Maximize Retirement Income & TSP Changes

Posted on Friday, 25th June 2021 by Dennis Damp

Share

Earlier this year the Thrift Savings Plan (TSP) launched a redesigned website. Concurrently, they announced significant account access and security changes, additional L Fund options, and the ability to submit certain TSP forms online after logging into your account. They sent out a message from the executive director to all participants last February announcing these […]

Posted in

| Comments (2)

Terms Of Use