The 2023 Medicare Parts A and B premiums, deductibles, and coinsurance amounts were published by the Centers for Medicare & Medicaid Services (CMS) yesterday.
On October 15, 2022, the
COLA For Federal Retirees In 2023
According to the Bureau of Labour Statistics, the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) climbed 9.4% in the last year t…
Fighting the Refusal of an FEHB Claim
You might have seen a time when you got into a dreadful quarrel over your health benefits plan. You wanted medical procedure coverage in the plan, and it was not there for your need. Fortunately, there is a method that would resolve such disagreements. If you disagree with your plan’s decision, …
401(k) and IRA contribution ceilings for 2023
The Internal Revenue Service (IRS) evaluates the impact of inflation and other variables each year to determine the maximum contributions for tax-advantaged retirement plans. They have been the same for some years. However, on occasion, the IRS modifies the amount that can be saved to your 401(k…
IRS regulation 72(t) on withdrawals and penalties and its significance
The term 72(t) originates from a section of the Internal Revenue Code, as you might have thought. It discusses equal recurring payments and how to use them in Individual Retirement Arrangements (IRAs) and employer-sponsored defined contribution plans (such as the…
2021 Federal Employee Benefits Survey
Data on employee benefits are primarily collected through the Federal Employee Benefits Survey (FEBS). The FEBS was created to assess employee benefits’ significance, adequacy, and value to ensure that existing benefits align with best practices and employee needs. The FEBS results assist the Office of Personnel Management (OPM) in determining how well Federal employees understand… Continue reading 2021 Federal Employee Benefits Survey