FEHB Highlights: Understanding Premiums and Premium Conversion
10/19/2023
Continuing our FEHB series, looking at premiums and the effect on taxes, social security, and other benefits. OPM’s FEHB Handbook is a dense digital document that details all the technicalities around health insurance for active and retired federal workers and ... Read More
Less Than Three Months Left in 2023 for TSP and IRA Planning
10/18/2023
Some year-end tips for the thrift savings plan and individual retirement accounts. As in most years, the year 2023 has flown by. We are in the last quarter of 2023 and the end of 2023 will soon be upon us. ... Read More
2024 COLA Announced for FERS: 2.2%, 3.2% for CSRS and Social Security
10/17/2023
The 3.2% Cost-of-Living Adjustment (COLA) will apply to CSRS and Social Security. FERS annuitants will see a 2.2% adjustment. A little higher than the 3.0% predicted at the end of August, the Social Security Administration recently announced next year’s COLA ... Read More
How can I Better Prepare for Retirement? – Health Savings Accounts 101
10/11/2023
STWS Advisor Jennifer Meyer explores how HSAs can help you save smarter for retirement Jennifer Meyer, CFP®, ChFEBC℠, AIF® We are often asked “what else can I be doing to prepare for my retirement?” While maximizing retirement (TSP) savings and ... Read More
The Fed15 Podcast: New Health Insurance Program for USPS
10/10/2023
The USPS is getting booted from FEHB plans and will have to join a new PSHB program. Also this week, information on shutdowns and the 2024 federal pay raise. The Fed15 Podcast (Ep. 17): The Health Insurance Program for the ... Read More
NASA Sending Data to Moon and CURE Act Moves to House Floor
10/10/2023
News wrap-up from around the federal landscape: NASA is going to test storing data on the lunar surface, marijuana bill is approved by House committee, and $28,000 stolen from Army vet. With the government shutdown “can” proverbially “kicked” down the ... Read More
2024 FEHB Premiums Will Increase with Rising Healthcare Costs
10/09/2023
OPM announced there will be an average premium increase of 7.7% for FEHB plans next year. Premiums for FEHB plans will increase by an average of 7.7% in 2024, slightly less than the 8.7% average rise in health insurance costs ... Read More
FEHB Highlights: OPM, Carriers, Agencies, and Enrollees’ Responsibilities
10/06/2023
Continuing our series on the Federal Employee Health Benefits (FEHB) program. In this piece, we review the responsibilities of OPM, carriers, agencies, employees, and family members. OPM’s FEHB Handbook is a dense digital document that details all the technicalities around ... Read More
Federal Pay News: How a Government Shutdown Impacts Feds
09/27/2023
Furloughs, federal benefits, and an update on the annual pay raise for feds. At the time of this writing, the impending government shutdown isn’t official but the likelihood is increasing by the second. The chance of a stop-gap going through ... Read More
FEHB Highlights: Breaking Down Your Health Coverage
09/25/2023
Kicking off a series on the Federal Employee Health Benefits (FEHB) program. In this introductory article, we summarize the General Overview of OPM’s FEHB Handbook. OPM’s FEHB Handbook is a dense digital document that details all the technicalities around health ... Read More