Federal Employee Information Partnership
If you have been waiting for or planning on the federal long term care insurance, we have some important, albeit potentially disappointing, news regarding the Federal Long Term Care Insurance Program (FLTCIP) [1]. Right now, you can’t apply for new coverage or increase your existing coverage [1, 2]. The program has been temporarily paused for […]
Update: Federal Employee Long Term Care Insurance plan (FELTCip) Read More »
We often think of retirement as a long-overdue sunset, a time to finally rest. But for many, that horizon is starting to look a bit more like a “silver tsunami”, arriving faster than any of us expected. The reality is that many of our elders are facing a quiet struggle, where fixed incomes like Social
When the golden years become painful Read More »
The Common Question “What? Nursing care is expensive, especially for long-term illness. I have retirement savings, assets, and a wife with dementia. I have no long-term care insurance; it was too expensive years ago. What are you talking about—Medicaid? I’m not rich, but I’m not poor.” That reaction is common. When care is needed, many
MEDICAID NURSING CARE Read More »
Under what conditions can a TSP be frozen? Not many, but let’s look at Alexander’s, who called me this week with a huge “HELP! I cannot access my TSP!” Alex’ story: Alexander (Alex) is 63 years old, is married, with three grown kids, and plans to continue working with USDA for another 3 or 4
“HELP! I cannot access my TSP!” Read More »
Reprisal of November 19, 2021 When federal employee or military personnel retire, the first question asked is “What health care provider will I need? These people have choices, which may not be totally clear to everyone, so let’s explore the options: Tri care is a national plan for military and military retired, however, FEHB is
Medicare vs Tri-Care & FEHB Read More »
“My parents, George, I do not know where to turn. Mom came down with Alzheimer’s, dad is spending all their money on her care at a nursing home, over $10,000.00 a month. I know this is not nothing to do with my retirement, but I don’t know where to turn.” Sheila Sheila, we are blessed
HELP! My Parents are going broke on nursing home expenses. Read More »
The federal government has suspended for at least two years, the purchase of federal employee LTCIP ( Federal Long Term Care Insurance Program ). Industry experts question whether the program ever will return in its current form. The insurance company issuing th4ese policies has warned the federal Office of Personnel Management (OPM) that current premiums are
Federal Government has Suspended Federal Employee Long-Term Care Insurance Read More »
SUSPENDED The Office of Personnel Management (OPM) announced last week it will be suspending applications for coverage under in the Federal Long-Term Care Insurance Program (FLTCIP). The deadline to apply for the program before a two-year suspension is Dec. 19, but officials want applicants to go in with “eyes wide open” that rates will likely
Federal Long-Term Care Insurance Program (FLTCIP): Read More »
Retiring is an experience that happens once, usually, for a federal employee. Below are some of the forms and a basic process to follow. • Application for Retirement, SF 2801 (Civil Service Retirement System) or SF 3107 (FERS). Read through the application to find out about documents you might need to attach, such as your
THE RETIREMENT APPLICATION PROCESS Read More »
I am going to tell you a story. Adam is a good family man, he believes in the traditional family values, and he loves his wife and 3 small children. Like all young marrieds, they struggle with house payments, car payments on the family van and day to day expenses. He is the main bread
Temporary Illness or Disability, Off the Job Read More »