2015 FEHB Open Season Dates Announced by OPM
September 2, 2015
During the open season, employees can take certain actions for the Federal Employees Health Benefits Program (including the new Self Plus One option), Federal Flexible Spending Account Program, and the Federal Employees Dental and Vision Insurance Program [ MORE ]

Using a Roth IRA Rather Than a Traditional 529 Plan to Save for the Cost of a College Education
Edward A. Zurndorfer, Certified Financial Planner - September 01, 2015
Federal benefits expert, Ed Zurndorfer, answers the question: Why would anyone use a Roth IRA (which is a tax-favored retirement savings account) to save for the cost of a college education when the other two programs are specifically designed for that? [ MORE ]

President OKs Plan for 2016 Federal Pay Raise of 1.3 percent
The White House issued a letter to Congress Friday setting an alternative plan for federal pay raises for civilian employees covered by the General Schedule (GS) and certain other pay systems in January 2016 [ MORE ]

It's Never Too Late to Start Making TSP Catch-Up Contributions
Federal employees age 50 or over can supplement regular Thrift Savings Plan contributions to grow their retirement nest egg [ MORE ]

Federal Employees Need to Understand Medicare Eligibility and Enrollment Rules - Part III
Edward A. Zurndorfer, Certified Financial Planner - August 13, 2015
Federal benefits expert, Ed Zurndorfer, discusses how higher income federal retirees will be facing larger Medicare Part B premium costs starting in the year 2018 -- and what affected employees and annuitants should be doing to avoid these higher premium costs [ MORE ]

Home Health Agencies Receive Rating Scores
Star ratings can help consumers more quickly identify differences in quality when selecting a health care provider [ MORE ]

2016 FEGLI Open Season and Premium Rate Changes
The Office of Personnel Management last week announced an open season and issued new premium rates for the Federal Employees' Group Life Insurance program [ MORE ]

Bill Introduced to Calculate More Accurate Cost of Living Adjustments for Federal Retirement Benefits
If passed, the legislation would require Social Security and many federal retirement programs to use the Consumer Price Index for the Elderly (CPI-E) to calculate COLAs so that seniors' benefits are not diminished over time [ MORE ]

Federal Employees Need to Understand Medicare Eligibility and Enrollment Rules - Part II
Edward A. Zurndorfer, Certified Financial Planner - July 29, 2015
All current federal employees and those employees who have retired since 1993 are, or will be, eligible to enroll in Medicare when they are 65. Federal benefits expert, Ed Zurndorfer, discusses how some Medicare Part B (medical insurance) enrollees may be overpaying their Part B premiums [ MORE ]

The 5-Year Rule: Keeping Your Federal Health Benefits and Life Insurance After Retirement
July 28, 2015
A couple of areas federal employees often overlook when planning for retirement are the "five year rules" that apply for keeping both Federal Employee Health Benefits (FEHB) and Federal Employee's Group Life Insurance (FEGLI) after retirement [ MORE ]

Thrift Savings Plan Calculators
These online calculators can assist in estimating the growth of contributions, assessing tax treatment, determining retirement income from withdrawals, and estimating loan payments [ MORE ]

OPM Releases Handbook on Leave and Work Schedule Flexibilities For Eldercare
July 23, 2015
The handbook also provides information on work life programs available to federal employees providing care for an elderly family member [ MORE ]

Employee Groups Reject Lawmakers' Proposals to Change TSP G Fund
June 20, 2015
The proposals would reportedly lower the G Fund's rate of return to finance the Highway Trust Fund [ MORE ]

Federal Employees Need to Understand Medicare Eligibility and Enrollment Rules - Part I
Edward A. Zurndorfer, Certified Financial Planner
There is much confusion among federal employees about Medicare. Federal benefits expert, Ed Zurndorfer, answers several questions about Medicare basics, including eligibility and enrollment rules [ MORE ]

Second Federal Employee Union Sues OPM Over Data Breach
July 9, 2015
The lawsuit alleges that the OPM violated union members' constitutional rights by failing to protect their private information [ MORE ]

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