November is Long-Term Care Awareness Month. Even the U.S. Congress has urged “the people of the United States to recognize (this) as an opportunity to learn more about the potential risks and costs … and the options available.” We’re proud to support this important educational campaign.
The Bipartisan Budget Act of 2015, signed into law by President Obama November 2, 2015, will dramatically impact two claiming strategies. Both the File-and-Suspend and Restricted-Application strategies are set to be eliminated.
It’s been rumored, but we learned officially on Thursday that there will be no cost-of-living-adjustment (COLA) for 2016. 20 percent of Medicare Part B recipients will now see an increase of over 50 percent in their premiums.
The Office of Personnel Management has released the rates for the Federal Employee Health Benefits program and, just as expected, the average rate is expected to increase.
There is one surprise, however, and it happens to be an unpleasant one. Initial reports suggested that the Self Plus One option, which is available for the first time in 2016, would have lower rates than the Self Plus Family coverage costed last year. That is not the case.
In 2016, the Federal Employee Health Benefits (FEHB) Program will be undergoing changes to some of its options. We’re here to break down these changes and explain what they actually mean and how they may affect your life.