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 →
Recently I spotted this electric car parked outside a nearby DoD office building- with an orange extension cord charging the owner’s battery on Uncle Sam’s dime.
I was alerted to it while talking shop in the lunch room- I just HAD to walk outside and have a look for myself. Unlike my coworkers who noticed and said nothing to the individual, I walked right in to the building and asked if I could also have some of the Free Gasoline being handed out in the parking lot. Continue reading →
Can a Federal Employee save money by switching his family of four to a High Deductible Health Plan (HDHP) / Health Savings Account (HSA)?
Here’s the first update.
As mentioned here before, at the FEHB ‘New Year‘, my family switched from Blue Cross Basic to Aetna HDHP. When both kids caught the flu and had to visit the Doctor, I took a deep breath. Thankfully they are both fine and the visits were not as costly as I had feared.