Posted on Friday, 14th February 2020 by Dennis Damp
Print This PostRosemary wrote me last week because she wasn’t sure where to find the total healthcare premiums that she paid in 2019. She needed the totals to file her taxes.
Your best option is to log on to OPM’s Online Services. Select Annuity Statements, and then select the payment dates you wish to review in the top right corner of the screen. It will list all deductions from your annuity by line item. Once you go back to a 2019 statement just multiply each of your monthly insurance premiums by 12 to come up with your total premiums for 2019.
If you aren’t registered to use OPM’s site read the article titled “Connect to OPM’s Online Services” to understand the registration process and sign up.
You will also find all of our your FEHB healthcare premiums paid in 2019 on your 1099 R form if you are retired. Look at block 5. This is only for your FEHB plan premiums. To determine what you paid for Dental and Vision Care go to https://www.benefeds.com and log in to your account. If you don’t have an active account, register to gain access.
You can view all of your 2019 payments and total paid for the year for Dental, Vision Care, and Long-Term Insurance. Just click on “View Payment History” for each of these insurance programs, select 2019 for the year, and add them up.
Tax time is fast approaching and if you haven’t received your 1099 R yet, or need a duplicate copy you can print one out on OPM’s site or call OPM at 1-888-767-6738 to have a copy sent by snail mail.
Scheduling A Retirement Benefits Seminar
Federal Employee Benefits Advocates (FEBA) provides comprehensive benefit briefings for Federal employees so they can make informed retirement decisions. Briefings include information on CSRS or FERS Retirement Annuities and all insurance programs including Medicare, the Thrift Savings Plan (TSP), Social Security, disability and other relevant retirement planning topics.
Schedule A Seminar in Your Area
Federal Employee Benefits Advocates (FEBA) provides comprehensive benefit briefings for Federal employees so they can make informed retirement decisions. Briefings include information on CSRS or FERS Retirement Annuities and all insurance programs including Medicare, the Thrift Savings Plan (TSP), Social Security, disability and other relevant retirement planning topics.
Helpful Retirement Planning Tools / Resources
Request a Federal Retirement Report™ today to review your projected annuity payments, income verses expenses, FEGLI, and TSP projections.
- 2020 GS Pay Charts
- Retirement Planning Guide
- Social Security Guidance (FERS & CSRS)
- Medicare
- Financial Planning Guide
- Master Retiree Contact List (Contact numbers and information)
- 2020 Leave and Schedule Chart (FREE Excel chart tracks all leave balances. Use this chart to set target retirement dates.)
- Annuity Calculator (FREE Excel chart estimates annuity growth)
Disclaimer: Opinions expressed herein by the author are not an investment or benefit recommendation and are not meant to be relied upon in investment or benefit decisions. The author is not acting in an investment, tax, legal, benefit, or any other advisory capacity. This is not an investment or benefit research report. The author’s opinions expressed herein address only select aspects of various federal benefits and potential investment in securities of the TSP and companies mentioned and cannot be a substitute for comprehensive investment analysis. Any analysis presented herein is illustrative in nature, limited in scope, based on an incomplete set of information, and has limitations to its accuracy. The author recommends that retirees, potential and existing investors conduct thorough investment and benefit research of their own, including detailed review of OPM guidance for benefit issues and for investments the companies’ SEC filings, and consult a qualified investment adviser. The information upon which this material is based was obtained from sources believed to be reliable, but has not been independently verified. Therefore, the author cannot guarantee its accuracy. Any opinions or estimates constitute the author’s best judgment as of the date of publication, and are subject to change without notice. The author explicitly disclaims any liability that may arise from the use of this material.
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Posted in BENEFITS / INSURANCE, FINANCE / TIP, RETIREMENT CONCERNS | Comments (0)
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