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Guide to 2023 Federal Benefits Open Season

WEBOpen Season for selecting your 2024 federal benefits is from November 13 – December 11, 2023 . Health insurance programs change over time, as does your …

Actived: 9 days ago

URL: https://www.fedsmith.com/2023/10/17/guide-to-2023-federal-benefits-open-season/

How to Save Money on 2024 FEHB Coverage and Healthcare Costs …

WEBIn many ways, the HSA converts to an IRA when you turn 65 with the added flexibility of tax-free distributions for healthcare expenses. HSA contributions are on the …

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Medicare Basics For Federal Employees FedSmith.com

WEBMedicare Basics. Medicare is a federal health insurance program primarily designed for individuals aged 65 and older. While there are exceptions for those on …

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A Healthcare Roadmap for Federal Retirees

WEBiStock.com. Federal employees have several choices for selecting a health care plan when they retire and attain age 65. However, if you continue to work as a …

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How to Get FEHB to Pay for Medicare Premiums

WEBIn 2023, most people are paying about $165/month per person. Note: Medicare Part B premiums are based on income so if you have relatively high income in …

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How a Federal Employee’s FEHB Plan Changes After Retirement

WEBFor active federal employees, Premium Conversion allows FEHB premiums to be paid through a payroll deduction before federal income tax, Medicare tax, Social …

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2024 FEHB Premium Increases for Blue Cross Blue Shield

WEBiStock.com. The 2024 premiums for the Federal Employees Health Benefits Program (FEHB) are set to rise at a significant rate for the second year in a row. Federal …

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Consider Joining High-Deductible Health Plans This FEHB Open

WEBCDHPs will pre-fund the HRA at the beginning of the plan year with the full contribution amount. Plan contributions range from $1,000 to $1,200 per year for self …

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5 Best Strategies to Maximize FEHB for 2024

WEB3. FSA/HSA (Save Money and Taxes) Both FSAs and HSAs can be a great way to save money and lower your taxes for health care expenses that you are going to …

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2023 FEHB Premium Increases for Federal Employees Under Blue

WEB106. Self Plus One. $627.49. $690.84. 10.10%. Generally speaking, the premium increases are above the averages for the 2023 FEHB premium increases …

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Everything Federal Retirees Need to Know About Medicare …

WEBMedicare Advantage (MA), or Part C, is an alternative way to obtain Medicare coverage from private insurers. MA was designed to look like Federal Employees Health …

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Beware Federal Employees: Mandatory Medicare First Step To

WEBEnding Prefunding of Health Insurance Benefits. In addition to creating a new Postal Service health benefits program, the bill would end the requirement that …

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2023 FEHB Plans With Higher Self Plus One Premiums Than

WEBThe Office of Personnel Management has provided a list of the 2023 Federal Employees Health Benefits program (FEHB) plans which have higher premiums for the …

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Federal Employees Under Blue Cross Blue Shield Need to Know …

WEBBut long-story short, for most federal employees, it makes sense to get on Medicare parts A and B while keeping your federal insurance as well. And while part A is …

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Why Every Federal Employee Should Consider A High Deductible …

WEBAt its core, an HDHP is a type of health insurance plan with a higher deductible—the amount individuals must pay out of pocket for covered medical …

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An Update on Weight Loss Drug Coverage from FEHB Plans

WEBThe good news for federal employees and annuitants is that all FEHB plans currently cover at least one weight-loss medication. As new drugs receive FDA approval, …

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Should I Take Medicare or Just Keep FEHB

WEBFEHB is available to active employees and certain FERS/CSRS retirees. To keep your FEHB in retirement, you’ll need to meet two conditions: Enrolled in FEHB for …

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How Federal Employees Can Keep FEHB Coverage in Retirement

WEBThe Five-Year Rule. To continue health benefits in retirement, you must be continuously enrolled in an FEHB plan for the five years prior to your retirement date and …

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FEHB Plans as Alternatives to TRICARE Young Adult

WEBA variety of health care options are available in the market place for young adults who age out of TRICARE. According to eHealth’s recent study of Affordable Care …

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Reasons For Federal Retirees To Enroll (or Not Enroll) In

WEBAlso, in 2022, Part B premiums increased by an astonishing 14.5% compared to just a 2.4% average increase in FEHB plan premiums, the second lowest …

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Inflation, Pay Raises, COLAs, and FEHB Increases

WEBThe lowest income increases were for current federal employees—at least based on the annual federal pay raise. Their total increase was 22.9%, less than the …

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