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Posted on Thursday, 13th October 2022 by Dennis Damp

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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

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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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Posted on Sunday, 12th September 2021 by Dennis Damp

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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

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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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Posted on Friday, 27th November 2020 by Dennis Damp

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There were a lot of questions concerning the new Medicare Advantage (MA) plans that we reviewed in my previous article. I recently ran a comparison of the Aetna MA (Z26) Plan to GEHA’s Standard (316) Plan and Blue Cross & Blue Shield’s (BCBS) Basic (113) Plans using OPM’s FEHB Plan Comparison Tool and Checkbook’s Guide […]

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Posted on Tuesday, 13th October 2020 by Dennis Damp

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I reported in mid-September that the 2021 COLA was projected to be anywhere from .44% to as high as 1.2% according to Kiplinger’s. The Social Security Administration announced a 1.3% COLA increase on October 13th for 2020. CSRS and FERS annuitants will receive the full 1.3% this year. View the table of all COLAs from […]

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Posted on Thursday, 23rd July 2020 by Shawn McCoy

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Office of Personnel Management Announces 60 Day Period for Changes to Flexible Spending Accounts (FSAFEDS) To assist with the nation’s response to the COVID-19 pandemic, Internal Revenue Service (IRS) Notice 2020-291 provides increased flexibility with regard to mid-year elections under Section 125 cafeteria plans related to employer-sponsored health coverage, health Flexible Spending Arrangements (health FSAs), […]

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Posted on Thursday, 18th June 2020 by Dennis Damp

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[Note to Reader: I recently completed a memoir of my early years and the following two paragraphs are excerpted, with slight modification, from the epilog.] “Time and circumstance separate us from our early roots, and for most, life in the moment overshadows those early experiences, relegating them to the remotest corners of our mind. However, […]

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