FEHB OPM Health Care Rates 2014

Happy Open Season, everyone!

OPM announced its Federal Employee Health Benefit (FEHB) rate hikes for 2016 FEHB Open Season.

OPM states that the average rate hike is 6.4 percent, which does not sound that bad.

…But the real news is not quite this good- Since none of the ‘averages’ are participation-weighted (that is, they pay no attention to what FEHB plans Feds actually select), the averages provided by OPM, GovExec, and FedTimes are essentially useless.

I’ll give you the only statistic that matters here, the one that applies to 40 percent of Feds. Continue reading


FEHB OPM Health Care Rates 2014

Happy Open Season, everyone!

OPM announced its Federal Employee Health Benefit (FEHB) rate hikes for 2015 FEHB Open Season.

OPM states that the average rate hike is 3.2 percent, which is not too bad.  The real news is not quite this good-  Since none of the ‘averages’ are participation-weighted (that is, they pay no attention to what FEHB plans Feds actually select),  the averages provided by OPM, GovExec, and FedTimes are essentially useless.

I’ll give you the only statistic that matters here, the one that applies to 40 percent of Feds.  Continue reading


 

 

BirthdayCake

 

I recently received my annual Domain Name Bill, which reminds me that GubMints.com is now a petulant 2 Year Old!

Year 2 was a change – A new job (private sector) has kept me quite busy.  My Quality of Life has increased as my commute time has been reduced by ~10 hrs per week.

The new gig has removed me from some ‘water cooler’ discussions regarding Fed Benefits that I was more engaged in during Year One, but I still keep an eye on things, as

  1. Federal Travel Regulations affect all of us, and
  2. I am a Deferred FERS Retiree who still keeps watch over TSP and FERS issues like a hawk (again, don’t ask me about CSRS- If you’re retired on CSRS you’ve won the equivalent of the lottery- You should be doing donuts in your Ferrari around the 18th green every day of the week, and twice on Sunday).

So in retrospect, here’s some of my favorite posts from Year Two:

DoD Immediate Retirement Pay – a Wolf in 72(t)’s Clothing

DoD proposed an immediate retirement option that eerily resembles the 72(t) option to withdraw from an IRA.  I think it’s a raw deal.
Who Wants to be a TSP Millionaire? 

There are a handful of TSP Millionaires out there.  Some made it by rolling-in a windfall from their Private Sector career, but some earned it the good-old-fashioned way.  It’s good to hear stories about Federal Employee ‘Turtles’ who were able to win the Retirement Race.

6 Ways to make the Credit Card Company your Poodle

This is how I roll with Credit Cards.  If you pay your bills on time, the Banks who issue Credit Cards hate you with a passion and call you a ‘Deadbeat’ behind your back.  Use my techniques to Stick It to your Megabank.
PlanSmartChoice – A Flawed FEHB Open Season Analysis Tool

PlanSmartChoice is a good place to start when looking at FEHB plans, but there is a darn good reason that over 40 percent of Feds use one of the ‘Blues’ for their Health Plan.
ObamaCare – Veterans Should not Apply

This is the third update to my first post regarding ObamaCare.  The DoD finally issued some guidance in telling its active, retired, and reserve service members that TriCare meets the ‘Minimum Essential Coverage’ requirement, and that TriCare is an alternative to your state’s local ObamaCare exchange.

Hope you’ve enjoyed the Second Act – Let me know what topics you’re interested in using the Comments or Contact section!

 

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