Benefits news
DailyFED's benefits section reports changes to the insurance programs federal employees and retirees rely on: FEHB premiums and plan changes, Open Season dates, FEGLI, FEDVIP and FSAFEDS, the Postal Service Health Benefits program, and Medicare rules that affect federal retirees.
February20233 stories
- Are You Prepared For A 6-Month Delay Of Your Full Pension Check?You may be surprised to learn that you won’t get your first full FERS annuity (pension) check for several months after you separate from service.
- Changes to Social Security In 2023Of course, the big story about Social Security in 2023 is the highest Cost Of Living Adjustment (COLA) in 41 years.
- Understanding How Your Average FERS High-3 Salary WorksPlanning a financially-secure retirement begins with calculating what your income will be once you’re no longer working.
January20232 stories
- When Was The Last Time You Updated Your Beneficiaries?Estate planning professionals report that an amazing number of people still have former spouses or deceased relatives listed as beneficiaries on their retirement accounts and...
- How FEHB Works When You Travel OverseasIf you’re planning to travel to distant shores for a dream vacation, it’s important to understand how your FEHB plan works should you need medical attention when you’re out of...
November20223 stories
- Update: More Details On Changes To FEHB In 2023By now you’ve probably heard that FEHB premiums will increase by an average of 7.2% in 2023 depending on which plan you’re enrolled in.
- FLTCIP Update: OPM Planning Significant ChangesConsidering a series of announcements made in late 2022, it appears that the Office of Personnel Management (OPM) is planning significant changes to in the Federal Long-Term...
- Overview: The 2023 COLA IncreaseYou’ve probably read the headlines: the 2023 Cost Of Living Adjustment is the largest increase since 1981.
October20222 stories
- 2023 FEHB Premiums: Big Increases For Workers & RetireesThe Office of Personnel Management has released the 2023 premium rate charts for the Federal Employees Health Benefits (FEHB) program.
- The Federal Healthcare Flexible Spending Account Program (FSAFEDS)According to OPM, in 2022, less than 20% of federal workers employees across participating agencies have enrolled in the FSAFEDS program.
September20222 stories
- Medicare Part B Premium Lowered For 2023The good news - Medicare Part B premiums will be approximately $5.20 lower per month than in 2022.
- What’s Coming Up In 2023 For Federal Workers & RetireesFrom a significant pay raise for GS workers and the highest Cost of Living Adjustment (COLA) for retirees in over 40 years, to a 7.2% increase in FEHB premiums, big changes are...
What we cover here
- FEHB premiums. OPM's yearly premium announcement, reported the day it posts.
- Open Season. Dates, plan changes, new and departing plans.
- FEGLI and FEDVIP. Rate and program changes.
- Medicare. Part B, IRMAA and how changes affect FEHB retirees.
- PSHB. News for Postal Service employees and retirees.
The rules behind the headlines
- How FEHB works and keeping it in retirement
- Open Season, step by step
- FEHB and Medicare at 65
- FEGLI life insurance
Compare every plan's premium on the FEHB premiums page, or weigh Part B with the FEHB vs Medicare tool.
When the news affects your coverage
A premium jump or a plan leaving your area can force a decision. A Federal Retirement Consultant (FRC®) can help you think through your options before Open Season closes. Get matched with an FRC, free.
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