What is IRMAA? IRMAA stands for income-related monthly adjustment amount. An IRMAA is applied to a Medicare beneficiary’s Part B and D premiums based on their modified adjusted gross income (MAGI) from their income tax return of the previous two years. If a...
What is Travel Medical Insurance? Certain FEHB, Medicare, and other health plans may have some international health coverage; however, that coverage can be limited. If you plan on traveling outside of the United States, you may want to consider purchasing a travel...
Short-term disability insurance can benefit almost everyone, especially those who depend on their regular paycheck to cover their living expenses. A minor injury can take you out of work – if you must go on unpaid leave, will your living expenses be covered? Here are...
The passing of a loved one is a difficult time, and the process of dealing with the aftermath can be overwhelming. If you’re the beneficiary of a federal employee, it’s important to know what steps to take to ensure that you receive all the benefits...
Preparing for long-term care expenses is an important part of your retirement planning process. It’s not an enjoyable topic to discuss, but it is necessary. In the US, someone who turns 65 today has a 70% chance of needing some type of long-term care as they...
