In this video, Jose Armenta, CFP®, reviews the requirements that must be met for your spouse to maintain Federal Employees Health Benefits (FEHB) coverage if you predecease them. If you’d like to learn more about carrying FEHB coverage into retirement, read this article.
Category Archives: Healthcare
The Federal Employee's Flexible Spending Account at a Glance
A flexible spending account (FSA), also called a “flexible spending arrangement,” is a savings account with specific tax advantages established by an employer for its employees. If you’re a Federal employee who works for an agency that has adopted the Federal Flexible Benefits Plan, you can access the Federal Flexible Spending Account Program (FSAFEDS). TheContinue reading “The Federal Employee's Flexible Spending Account at a Glance”
Quickstart Guide to Your Federal Employee Health Benefits
The Federal Employees Health Benefit (FEHB) Program provides comprehensive health care coverage for you, your spouse, and your children under age 26. The program does not have waiting periods nor restrictions for pre-existing conditions. Who Is Eligible? Most Federal employees are eligible, and retirees may be eligible to continue their FEHB coverage if they meetContinue reading “Quickstart Guide to Your Federal Employee Health Benefits”
How to Choose a Healthcare Plan
With today’s healthcare options resembling an alphabet soup, choosing a healthcare plan can seem like a daunting task. This quick guide will help you decipher the healthcare lingo and choose the right plan for you and your family. 1: Terminology It’s essential to understand key health insurance terms. Understanding the lingo will allow you toContinue reading “How to Choose a Healthcare Plan”
Quickstart Guide to COBRA Health Insurance
What is COBRA Insurance? The Consolidated Omnibus Budget Reconciliation Act (COBRA) requires most private sector and state or local government employers with 20 or more employees to provide a temporary continuation of group health coverage for employees who experience a job loss or other qualifying event. And many states have laws like COBRA that coverContinue reading “Quickstart Guide to COBRA Health Insurance”
COBRA Health Insurance at a Glance
What is COBRA Insurance? The Consolidated Omnibus Budget Reconciliation Act (COBRA) requires most private sector and state or local government employers with 20 or more employees to provide a temporary continuation of group health coverage for employees who experience a job loss or other qualifying event. And many states have laws like COBRA that coverContinue reading “COBRA Health Insurance at a Glance”
What is a Health Savings Account?
As healthcare costs continue to rise, employer-provided healthcare benefits are becoming a critical part of the employee’s arsenal. One such benefit gaining popularity is the Health Savings Account (HSA), a versatile and effective tool for saving for healthcare expenses. Let’s take a look at the plan’s requirements, advantages, and disadvantages. What is an HSA? AnContinue reading “What is a Health Savings Account?”