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April 19, 2024
Federal Employee Retirement and Benefits News
The Office of Personnel Management (OPM) has stated that it is seeking to strengthen options that enable federal workers and annuitants to try comparing FEHB plans….
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The monumental Postal Service Reform Act (H.R. 3076) Congress approved this week terminates the mandate that the Postal Service pre-fund its retiree health benefits expenses and requires postal …
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According to the OPM, children under the age of 26 are eligible for FEHB if they meet specific eligibility requirements. This article discusses FEHB coverage for children.
FEHB Eligibility requirements for children
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Preventative medicine usage rose exponentially in the second half of 2020 and continued into the first half of 2021. However, this rise was insufficient to make up for procedures that were canceled during the peak of the COVID-19 shutdowns. This is still the situation.
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The annual federal benefits open season, which has begun and will run until December 13, gives a chance to modify FEHB health insurance and FEDVIP vision-dental insurance coverage and choose flexible spending accounts for 2022. The enrollee share of FEHB premiums will increase by 3.8% on …
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The Federal Employees Health Benefits (FEHB) program remains one of the most significant government benefits. Solicit the opinion of a non-insured private sector employee or a retired private sector employee who had insurance but lost it when they left their job. With no limitations or wa…
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Since you have settled on the decision to retire, what comes next? Your retirement application. It is crucial to remember that it might bring attention to the subsequent procedure and be challenging to comprehend. Be patient and follow the steps below for a stres…
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Federal Employees Health Benefits, also known as FEHB, provides federal employees with comprehensive health insurance throughout employment. As one of the most cove…
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Thousands of federal personnel have retired since the COVID-19 pandemic began in March 2020. Many more eligible employees plan to retire during the following eight years.
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Are you considering retiring from your federal job? Congratulations! You’ve dedicated yourself to public service for a long time, and now it’s time to reap the advantages of …
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In 2021, the Social Security Administration (SSA) resumed its tradition of providing early retirement to qualified employees. However, …
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The Federal Employees Health Benefits Program (FEHB) can aid you and your family in meeting your healthcare needs. Federal employees, retirees, and their dependents have access to the most comp…
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A recent study demonstrates the importance of a defined benefit program, like the FERS or CSRS civil service annuity. It shows how much faster those without such benefits deplete their assets after retiring.
According to the Center for Retirement Research, given the e…
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It is terrible that some government employees who have worked for their country for 10 or 20 years will not be able to retire when planned because of unfinished business from their time in the service to the country.
This article focuses on employees’ most common fe…
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Congress is discussing if a Health Savings Account (HSA) would be authorized for Medicare recipients.
However, it would alter a few of the advantages of HSAs for those over 65.
The Health Savings for Seniors Act (H.R. 7435) was recently fil…
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Most people estimate their retirement spending based on food, gas, utilities, and housing bills. They often overlook healthcare costs.
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If you are a federal employee, you may be eligible to receive a whole slew of benefits from the first day of employment, including Federal Employee Health Benefits (FEHB) coverage. FEHB coverage is available to federal employees as an employer-sponsored plan unless otherwise excluded via regulat…
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Recently, lawmakers have…
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Federal Employee’s Health Benefits (FEHB) can change outside the open season due to qualifying life events.
The majority of Federal Employees Health Benefits (FEHB) enrollment changes during the open season, which occurs yearly. Even though most enrollment changes occ…
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In certain 2022 FEHB schemes, the Self Plus One alternative will be more expensive than what is obtainable with the Self and Family plan. If you and your partner are enlisting for a 2022 Federal Employees Health Benefits (FEHB) package in the coming year, you might be shocked to hear that…
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