Open Season Just Ahead; Transition to New Program Begins for Postal Employees, Retirees

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Open Season Just Ahead; Transition to New Program Begins for Postal Employees, Retirees

While for decades that has meant only the FEHB, Postal Service employees and retirees will be shifted to the PSHB, essentially a carve-out program with many similarities but also some key differences. Image: The Image Party/Shutterstock.com 

The annual federal benefits open season running from next Monday (November 11) through December 9 will offer the usual range of choices in the Federal Employees Health Benefits program and also notably will start the transition of Postal Service employees and retirees into the new Postal Service Health Benefits program beginning in January. Follow link to read more from FEDweek. Open Season Just Ahead; Transition to New Program Begins for Postal Employees, Retirees

Are You Making This Mistake During FEHB Open Season?

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Are You Making This Mistake During FEHB Open Season?

FEHB premiums are rising sharply as seen in the BCBS historical costs. Failing to analyze and compare plans during Open Season could be a big mistake. 

It’s that time of year again. You know, the time you anxiously anticipate annually. Yes, it’s Open Season for federal employee health benefits “FEHB,” dental and vision coverage “FEDVIP,” and the Flexible Spending Account “FSA.” Starting November 11 and running through December 9, you’ll have the opportunity to enroll in, cancel or change your current FEHB, FEDVIP and enroll in FSA if you’re still employed. Follow link to read more from FedSmith. https://www.fedsmith.com/2024/11/08/dont-make-this-mistake-during-fehb-open-season/

 

2025 401(k) Contribution Limits Announced; New Super Catch-Up for Ages 60-63

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2025 401(k) Contribution Limits Announced; New Super Catch-Up for Ages 60-63

The IRS officially announced the new 401(k) contribution limits for 2025 (full news release), which also included a new “super catch-up” allowance for people who are ages 60-63 at year-end 2025. Strangely, it goes back down once you are age 64. I hadn’t heard of this before now. As usual, by “401(k)” I mean that it applies to 401(k), 403(b), governmental 457 plans, and the federal government’s Thrift Savings Plan. Follow link to read more from MyMoneyBlog. https://www.mymoneyblog.com/2025-401k-contribution-limits-super-catch-up.html

 

2025 401(k) Contribution Limits Announced; New Super Catch-Up for Ages 60-63

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2025 401(k) Contribution Limits Announced; New Super Catch-Up for Ages 60-63

The IRS officially announced the new 401(k) contribution limits for 2025 (full news release), which also included a new “super catch-up” allowance for people who are ages 60-63 at year-end 2025. Strangely, it goes back down once you are age 64. I hadn’t heard of this before now. As usual, by “401(k)” I mean that it applies to 401(k), 403(b), governmental 457 plans, and the federal government’s Thrift Savings Plan. Follow link to read more from MyMoneyBlog. https://bit.ly/4fjqCqc