Why more federal employees and retirees are protecting their retirement savings using this overlooked, IRS-approved program
The White House and the Office of Personnel Management will take several steps this month to finalize the 2023 federal pay raise and publish the official pay tables more…
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Spousal Survivor Annuitants Also Need to Make Decisions During Federal Benefits Open Season
Ed Zurndorfer outlines the decisions that spousal survivor annuitants can make with respect to their health, dental and vision insurance and flexible spending accounts during the current open season. more…
OPM Suspending Long-Term Care Insurance Applications Due to Premium Concerns
The carrier that operates the Federal Long Term Care Insurance Program (FLTCIP) issued a warning to the Office of Personnel Management that current premiums are unsustainable and it likely would have to request significant rate increases more…
What Is a Health Reimbursement Account and Who Can Own One?
Some federal employees do not fulfill the requirements to contribute to an Health Savings Account (HSA). Ed Zurndorfer discusses how an alternative (the Health Reimbursement Account or HRA) works, the differences between an HRA and an HSA, and how those who have access to an HRA can utilize its tax-free withdrawals to pay qualified medical expenses more…
How Federal Employees Can Benefit from the Dependent Care Flexible Spending Account or Dependent Care Tax Credit
Ed Zurndorfer discusses the DCFSA and how federal employees can benefit by utilizing it when they have to pay for daycare expenses for qualifying relatives more…
New Start Dates for Medicare Part B Coverage in 2023
The Social Security Administration issued a reminder this week of upcoming changes in 2023 to Medicare Part B more…
Health Care Flexible Spending Accounts Can Help Ease the Sting of Increasing Out-of-Pocket Medical Expenses
Ed Zurndorfer discusses why federal employees who have never enrolled in an FSA should consider it for 2023 (and why those currently enrolled should reenroll) more…
Questions to Ask When Choosing an FEHB Health Plan for 2023
There is more than just premium cost when choosing a health insurance plan. Ed Zurndorfer presents questions federal employees and retirees should be asking during the upcoming open season — including those planning to retire in the next 5-10 years more…
Federal Employee Health Benefits (FEHB) Program Health Plan Choices
To help federal employees and retirees make the right choice that best meets the medical needs at the least possible cost, Ed Zurndorfer outlines the different types of health insurance plans offered through the FEHB program more…
Some 2023 FEHB Plan Premiums Are Higher for Self Plus One Than Family Coverage
OPM last week issued a list of FEHB plan choices where the enrollee share of premiums for the Self Plus One enrollment type is higher than for the Self and Family enrollment type for the 2023 plan year more…