Search Results for: health care costs

If you are a retiree or a potential retiree, healthcare may probably be one of your largest expenses. And it’s not an expense you can choose to avoid or settle for less. If a retiree enrolls in Medicare Part D during the open enrollment, they may be stuck with it for the rest of the year, even if…

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One major topic of interest is how FEHB interacts with Medicare. Though the Federal Employee Health Benefits (FEHB) provides complete heal…

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The increase in healthcare costs has made finding the idea…

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There are two things to consider if you do not want to lea…

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According to a study, those in rural America that are registered with the Affordable Care Act are getting subsidies that have received more than those living in urban areas in regards to the White House removing cost-sharing reduction payments and the ensuring actions of the state. A Health Affairs study shows that from 2014 to...Read More

Based on a Government Accountability Office (GAO) report, a worse financial situation may be occurring with the Postal Service Retiree Health Benefits Fund (RHB). Due to the poor financial condition of the Postal Services, it is going through its 11th straight year of huge financial losses. The funds could be depleted by 2030 if no...Read More

As we are heading into Open Season, FEDVIP and FSAFEDS are essential considerations, though we should observe the two types of health care coverage that a majority of people rely on in a particular point in their life; Medicare Parts A and B. Medicare Part A is mainly for hospital insurance coverage. Considering that taxes...Read More

There is a strong notion that the U.S Postal Service will go bankrupt and be short of funds to pay for retiree’s healthcare by 2030 if Congress does not do something to modify its funding shortfall. According to the report given by the Government Accountability Officer on Oct 1, if the U.S Postal Service fails...Read More

At the age of 65, federal employees are eligible to enroll in Medicare. In most cases, feds don’t express as much interest in Medicare as they are happy enough with their Federal Employee Health Benefits (FEHB) coverage. However, Medicare requires enrollment and slaps those who don’t subscribe with penalties. Unfortunately, this means that feds must...Read More

It’s important to understand employer health coverage rules as well as how they interact with Medicare, especially for employees (and maybe even more so for their spouses) who continue to work after the age of 65. Typically, most employer plans including more than 20 employees are required to continue offering health coverage to their active...Read More

When working, your Federal Employees Health Benefits (FEHB) is important. As long as you meet the eligibility rules then for the rest of your life in retirement, you and your spouse can keep these benefits, and the share of cost also remains the same. Continuing FEHB coverage into retirement comes with a perk: more flexibility...Read More

Effectively retiring from your career involves various expenses. As a retiree, you will need to make certain adjustments in your lifestyle to cope successfully. According to data from the Society of Actuaries, a majority of Americans are ill-prepared to deal with these changes. Typically, 85-year-olds depend on family members and home aides for long-term care

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Placing an elderly parent in a long-term care facility is a financially challenging undertaking. This is true even though your parents may have long-term care insurance.  Often, in a situation where health insurance may not be sufficient, you may find it hard to take care of your parent’s long-term care needs. This is why it’s

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