Federal Employee Information Partnership
“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 …
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 …
We are asked many times if the employee can carry FEGLI into retirement. The answer is yes, however, a larger question should be; ‘SHOULD YOU CARRY FEGLI INTO RETIRMENT? First, before you make this important decision, you need to clarify, for yourself, three basic things: 1) Is there need? 2. What is the cost? 3. …
When a 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: Medicare Supplement insurance plans generally cover some or all of your out-of-pocket costs with Part A and Part …
As a government employee, your federal benefits are among some of the best in the United States. Not only do you get comprehensive health coverage, but you’re also eligible for low to no cost life insurance, flexible spending accounts, and a host of other benefits. However, as you near retirement, you may find yourself asking …
What Happens to Your Federal Benefits When You Retire? Read More »
If you’re a FERS (Federal Employee Retirement System) or CSRS (Civil Service Retirement System) employee, you’re likely aware of the government-provided health benefits that you’re eligible for. What you may not know, however, is that most working-class adults are automatically enrolled in Medicare Part A. For federal employees who already have health insurance provided through …
Should a Federal Employee Enroll in Medicare? (Medicare vs FEHB) Read More »