fbpx

Consider Lower Cost FEHB Plans When Signing up for Medicare

Posted on Friday, 25th October 2024 by Dennis Damp

Share

Updated 10/10/2025 It makes sense to look for a lower-cost Federal Employee Health Benefit (FEHB) plan, especially when enrolling in Medicare. This is particularly true if you pay Part B premiums and possibly an Income Required Monthly Adjusted Amount (IRMAA). When you are eligible for Medicare, you have the option to change your health benefits […]

Posted in

| Comments (0)

2025 COLAs and the Medicare & You Handbook

Posted on Friday, 11th October 2024 by Dennis Damp

Share

More than 71 million Americans will see a Cost-of-Living Adjustment (COLA) of 2.5% in their Social Security benefits and Supplemental Security Income (SSI) payments in 2025. Social Security retirement benefits will increase on average $49 per month starting in January. Federal retiree annuities under the Civil Service Retirement System (CSRS) receive the full 2.5% increase […]

Tags: , , ,
Posted in

| Comments (0)

Fixed Income – Yields Decrease as Feds Reduce Rates

Posted on Friday, 4th October 2024 by Dennis Damp

Share

The Federal Reserve lowered its benchmark interest rate September 18th by .5 percent (50 basis points), the first rate cut in four years! This rate cut lowers the Fed’s benchmark short-term rate to 4.75% to 5% from a 23-year high of 5.25% to 5.5%. The cut slightly eased borrowing costs for consumers across the board. […]

Tags: , , , ,
Posted in

| Comments (0)

2025 Health Care Premiums, Hold on to Your Hat!

Posted on Friday, 27th September 2024 by Dennis Damp

Share

Federal employees and annuitants enrolled in the Federal Employee Health Benefit’s (FEHB) program will pay 13.5% more, on average, for their health care premiums.   Get started with a complimentary retirement planning session and a FREE retirement planning report. Adding this huge increase to the 7.7% premium rise for 2024, and 2023’s 8.7% increase we are all […]

Tags: , , ,
Posted in

| Comments (0)

2025 FEHB & Medicare Plans – Changes on the Way

Posted on Friday, 6th September 2024 by Dennis Damp

Share

The 2025 Federal Employee’s Health Benefit (FEHB) Open Season will run from November 11 through December 9, 2024. 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.   Get started with a complimentary retirement planning […]

Posted in

| Comments (0)

The Art of Downsizing – Why, Where, & When?

Posted on Friday, 12th July 2024 by Dennis Damp

Share

Either you’ve been retired for some time and realize life’s challenges have taken center stage or you are an astute employee planning your retirement well in advance, a smart move. What seemed insignificant health issues in our 40s, 50s and 60s now tests our physical and at times mental abilities as time marches on. Most […]

Posted in

| Comments (0)

2025 COLA Estimates & Retirement Processing Update

Posted on Friday, 28th June 2024 by Dennis Damp

Share

Last year’s 3.2% COLA for Social Security and the Civil Service Retirement System (CSRS), and 2.4% for Federal Employees Retirement System (FERS) dropped considerably from the 2023 COLA of 8.7% CSRS and 7.7% FERS. The highest in over 40 years. Costs continue to increase for most essentials. The costs of all items have increased around […]

Tags: , , , ,
Posted in

| Comments (0)

The 2024 Election – Voting Early This November

Posted on Saturday, 15th June 2024 by Dennis Damp

Share

Your vote matters, annuitants, and those working with busy schedules or traveling may wish to vote remotely. You can request an absentee ballot or in many states like Pennsylvania vote-by-mail.   Applying for a Mail-in Ballot The general election will be held on Tuesday, November 5 but voting begins early in many states. Visit www.vote.gov […]

Tags: , , ,
Posted in

| Comments (0)

Terms Of Use