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Search Tags: David Snell
While federal employees gave high marks on usefulness and importance to the Thrift Savings Plan, only a small percentage said they had flexible spending accounts because they saw little value in the program. The results are part of a survey that OPM has been doing since 2004 to gauge worker opinions on the health and wellness benefits it offers.
With apologies to Shakespeare, the most common question federal workers ask at benefits seminars is the To B or Not to B question. Should they pay $1,200 a year for Medicare Part B, or rely on their federal health plan? Short answer: It depends, Senior Correspondent Mike Causey says.
The way things are going, a lot of long-time feds are doing the math to see how much longer they can afford to work. So do you keep fighting rush-hour traffic or give yourself the option to sleep late? Follow the money, Senior Correspondent Mike Causey says.
If you are in perfect health and plan to stay that way, or if $1,200 a year more or less means little to you, you can skip this column. Otherwise, listen up, Senior Correspondent Mike Causey says.
If the proposed budget deal becomes law, new federal workers will see a total of 10.6 percent of their salaries automatically withheld from their paychecks to cover their retirement benefits. That could lead to them contributing less or not at all to their voluntary Thrift Savings Plan accounts, experts said.
If you are like many federal workers -- and most retirees -- you won't do anything during the health-insurance Open Season, Senior Correspondent Mike Causey says. And that could be a very costly mistake, especially for workers and particularly retirees in the most popular plans: Blue Cross Standard option and Blue Cross Basic. Both are excellent but one costs nearly twice as much as the other.
Walton Francis, author of the Checkbook Guide to the Health Plan for Federal Employees, and NARFE's David Snell will answer your open season questions.
November 20, 2013 (Encore presentation November 27, 2013)
Tags: pay and benefits , health care , FEHBP , Open Season , Walton Francis , Checkbook Guide to Health Plans for Federal Employees , NARFE , Federal Times , Andy Medici , HealthCare.gov , IT procurement , FBI , Mike Causey , Your Turn
Do you have 3-1/2 minutes to invest in a project that could save you $1,000 to $2,000 next year? Check out Senior Correspondent Mike Causey's column for more.
NARFE's David Snell will discuss the impact of a proposed change to how federal retirees' cost-of-living adjustments are calculated.
September 4, 2013
A proposed change to how federal retirees' cost-of-living adjustments are calculated could have a huge, negative impact, according to David Snell of the National Active and Retired Federal Employees Association. NARFE is urging its members and retirees to contact their congressmen during the week of Sept. 16 to express their opposition to the chained consumer price index.