Federal employees, retirees and annuitants have an opportunity to save money in a tax-advantaged manner to pay medical expenses by utilizing Health Savings Accounts. The IRS announced the increase to the amount individuals can contribute to HSAs (plus catch-up contributions for those eligible and age 55 and over) more…
FEHB (Federal Employees Health Benefits)
New FEHB Rule: Federal Employees & Retirees Must Prove Eligibility of Family Member’s Health Plan Coverage
A final rule from the Office of Personnel Management (OPM) published to the Federal Register on Tuesday that will require federal employees and retirees to provide documentation verifying the eligibility of any family member added to their Federal Employees Health Benefits (FEHB) or Postal Service Health Benefits (PSHB) Program coverage more…
Federal Retirees: How Medicare Part D Can Reduce Prescription Drug Costs
Federal retirees and annuitants on Medicare may be able to significantly cut prescription drug costs by adding a Part D plan through their Federal Employees Health Benefits (FEHB) plan coverage. See how it works, which plans offer it, and whether it’s right for you. more…
Why Federal Employees Should Sort Out Medicare Myths
The author explains why it is important to take time to consider the pros and cons of adding Medicare to FEHB. Common assumptions about Medicare Part B, IRMAA, whether you need Part D (prescription drugs) and FEHB coordination can obscure how coverage and costs actually play out over time. more…
How Supplemental Benefits from Your FEHB Plan Can Put Money Back in Your Pocket
Many Federal Employees Health Benefit plan enrollees overlook valuable supplemental benefits included in their plans, such as wellness incentives worth hundreds of dollars to gym discounts and shopping rewards. Watch this short video to learn what your FEHB plan may be offering and how to start taking advantage of it today. more…
Can Federal Employees Save Money on Prescription Drug Costs with TrumpRX?
43 TrumpRX medications were compared against Federal Employees Health Benefits (FEHB) coverage from one nationwide PPO plan — and the results are mixed. Some drugs are significantly cheaper, others far more expensive…. more…
What Federal Employees Should Know About Healthcare Costs During Retirement
A healthy individual retiring in 2026 will spend an estimated $315,000 – $415,000 on healthcare-related expenditures during their retirement years — not including long-term care. Ed Zurndorfer explains the must-know three drivers of rising medical care expenditures that are contributing to the federal retiree’s challenge of paying for health care related expenses in retirement: inflation, increased Medicare premiums, and long-term care more…
New Tax Benefits for Health Savings Account Participants
The changes expand HSA eligibility, which allows more people to save and to pay for healthcare costs through tax-free HSAs more…
Does Your FEHB Premium Change in Retirement?
Chris Kowalik explains why the shift from pre-tax to after-tax premiums (“premium conversion”) creates a real difference in what you pay more…
A Health Reimbursement Account Is Another Tax-Advantaged Another Way to Pay Medical Expenses
While some federal employees and retirees do not meet some of the requirements to contribute to a Health Savings Account, the Federal Employees Health Benefits (FEHB) provides a Health Reimbursement Account (HRA). Ed Zurndorfer discusses what an HRA is, how federal employees can utilize it — plus it’s advantages and limitations. A helpful comparison chart of an HRA an FSA and an HSA is included more…