Planning on Retiring in 2022? How to Keep FEHB Coverage in Retirement

If retiring from federal service is on your agenda for 2022, make sure you’re qualified to receive FEHB health coverage once you leave because it far outweighs any other available options. We’ll discuss the five-year rule that you must satisfy for FEHB coverage in retirement, provide advice for federal employees who are covered by non-FEHBContinue reading “Planning on Retiring in 2022? How to Keep FEHB Coverage in Retirement”

Why a Health Savings Account is a Secret Weapon in Saving for Retirement

Finding the right health plan is always tricky. Costs and benefits can change from year to year and needs are often unpredictable. But in 2022, there’s one change to health coverage, including the Federal Employees Health Benefits program, that could have a positive impact on almost every beneficiary. Last year, Congress passed the No SurprisesContinue reading “Why a Health Savings Account is a Secret Weapon in Saving for Retirement”

Consider Joining High-Deductible Health Plans this FEHB Open Season

For most federal employees, a high-deductible health plan (HDHP) or consumer-driven health plan (CDHP) will be one of the least expensive plans to join next year. Both offer enrollees pre-funded savings accounts to pay for out-of-pocket healthcare expenses and free preventive care, and most of them have lower premiums than other FEHB plans. However, HDHPsContinue reading “Consider Joining High-Deductible Health Plans this FEHB Open Season”

How to Save Money this 2022 FEHB Open Season

Most federal employees will not switch their health plan this Open Season. In fact, only an average of 5% will make a change during any Open Season. We know from Office of Personnel Management (OPM) data on plan enrollments and from counseling thousands of federal employees over the years that many stay in expensive plansContinue reading “How to Save Money this 2022 FEHB Open Season”

How to Find the Best Health Plan During Open Season

Finding the right health plan is always tricky. Costs and benefits can change from year to year and needs are often unpredictable. But in 2022, there’s one change to health coverage, including the Federal Employees Health Benefits program, that could have a positive impact on almost every beneficiary. Last year, Congress passed the No SurprisesContinue reading “How to Find the Best Health Plan During Open Season”