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…