Posted on Friday, 24th November 2023 by Dennis Damp

This article compares the Government Employees Health Association (GEHA) Standard Plan to their new MA Option. You will have to review the specific plan of interest to ensure it covers the services you need for the upcoming year.   Open season closes December 11, we have less than two weeks to decide whether to stay […]

Tags: FEHB, FEHB MA, FEHB Open Season, MA and Part B, Medicare Advantage Plans
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• BENEFITS / INSURANCE
• ESTATE PLANNING
• FINANCE / TIP
• RETIREMENT CONCERNS
• SOCIAL SECURITY / MEDICARE
• SURVIVOR INFORMATION
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• WELLNESS / HEALTH

Posted on Friday, 20th October 2023 by Dennis Damp

Throughout the year I occasionally stray from retirement planning and discuss issues that impact everyone. Some readers appreciate my commentary, while others wish I would keep my observations and opinions to myself. This is one of those subjects that everyone should be concerned about. A recent poll found that “Seventy-one percent of registered voters surveyed […]

Tags: Illegal Immigrants, Open Borders, Southern Border Invasion
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• RETIREMENT CONCERNS
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Posted on Thursday, 28th September 2023 by Dennis Damp

The annual Federal Benefits Open Season 2023 starts on November 13 and is open through December 11, 2023. FEHB participants can review all available plans and change their health, vision and dental enrollments for the 2024 benefit year. The overall average FEHB premium is increasing 7.7% for plan year 2024 and the new rates were […]

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Posted on Friday, 14th July 2023 by Dennis Damp

Social Security recipients are required to pay taxes on their combined income if it exceeds the following limits according to the Social Security Administration. You will pay tax on 50 to 85 percent of your Social Security benefits, depending on your income and based on Internal Revenue Service (IRS) rules. If you: file a federal […]

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Posted on Thursday, 13th October 2022 by Dennis Damp

I reported in mid-September that the 2023 COLA was projected to be as high as 8.8%. The Social Security Administration announced an 8.7% COLA increase on October 13th. CSRS annuitants will receive the full 8.7% next year while FERS annuitants will receive 7.7%, a hefty increase from last year’s 5.9%. View the table of all […]

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Posted on Saturday, 13th November 2021 by Dennis Damp

This summary compares the 2022 GEHA Standard and Blue Cross Blue Shield (BCBS) Basic plans. There are many other plans to consider. I used these two nationwide providers because BCBS has the most subscribers and GEHA has one of the lowest premiums for their standard plan. Many annuitants change to a lower cost FEHB plan […]

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• BENEFITS / INSURANCE
• ESTATE PLANNING
• FINANCE / TIP
• RETIREMENT CONCERNS
• SOCIAL SECURITY / MEDICARE
• SURVIVOR INFORMATION
• UNCATEGORIZED

Posted on Sunday, 12th September 2021 by Dennis Damp

The Office of Personnel Management (OPM) announced changes in FEGLI premium rates effective the first pay period beginning on or after October 1, 2021.

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Posted on Sunday, 16th May 2021 by Dennis Damp

Would you like a secure government backed investment that currently yields 3.54%?  If so, consider buying U.S. Series I Bonds. They are paying this rate from May of this year through November. The previous six-month rate was 1.6%, well above what banks were offering for CDs at the time. With inflation on the horizon, due […]

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