Q&A – How to opt-out of Medicare B Question Hey Stephen! We opened an HSA this year! I’m excited to fund it and have the money invested. We have the cash and we can front-load the entire HSA contribution now at the beginning of the year. Is it better to front-load all the money now, and
Watch Now – Should I take Medicare? Medicare Part B costs thousands of dollars a year. And they threaten you with penalties if you don’t take it. You already have FEHB. Do you need both? In this webinar I explain: The costs of Medicare When you need to worry about Medicare penalties When you can
Should you take Medicare? – New Webinar Medicare Part B costs thousands of dollars a year. And they threaten you with penalties if you don’t take it. You already have FEHB. Do you need both? My next Webinar – Should you take Medicare? In this webinar I explain: The costs of Medicare When you need to
Q&A – Should I avoid Medicare Part A just to participate in an HSA? Question Hi Stephen,do you have a blog page or any other reference material that advises fed employees who have HDHP health plans with an HSA and who just turned 65 and who don’t plan to retire for a few years if
Q&A: Help! I’m enrolled in both Medicare & FEHB and I need to change that. What should I do? Question Hello Stephen, I am currently enrolled Medicare Parts A & B, and seemingly D as well. I also have FEHB. As such, I am paying for two health insurance plans – 299.26/mo by FEHB and $298 by Medicare (through the
Q&A: TriCare and FEHB Question I know FEHB has a 5-year requirement. I currently have TriCare, but want to make sure I satisfy FEHB’s 5-year rule, so I was planning to enroll in FEHB. But then I will be paying for 2 insurances. Do you think it’s worth it? Answer Your TriCare will count toward
Q&A: Is it worth it to enroll in a HDHP plan with the HSA for just 1 year? Question I am not currently in a high deductible plan (HDHP). I am wondering what your thoughts on my changing to one for this coming year, which will be the last year I’ll be able to put
What’s better: FEHB or Medicare? Important note: In this article I am only referring to Medicare A, B and D; I’m not getting into the various Medicare Part C plans (known as Medicare Advantage plans. So, which is better – Medicare or FEHB? While it’s not a fair question because there are dozens of FEHB plans
What is the difference between FSA and HSA? Updated 2020 Both accounts allow you pay for qualified medical expenses with tax-free money (thus avoiding Federal, State, Social Security, and Medicare taxes – usually around a 37.65% tax savings). Here’s how the accounts differ: Contribution Limit: FSA has a maximum contribution limit of $2,750. HSA limits
FSA vs HSA. Both of these plans are available thru FEHB this open season. Understanding the advantages of each can translate into thousands of dollars a year, year after year!
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