For Your Benefit

Federal Benefits Updates for 2024

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January 8, 2024 on ForYourBenefit, our host Bob Leins, CPA® welcomes Herb Casey, Federal Benefits Specialist.

Topics include:

Income

  • COLA for FERS and CSRS retirees
  • Salary pay raises & new locality rates

    • Social Security

    • Maximum amount of earnings subject to Social Security tax
    • COLA
    • Earning limitations

      • FEHB Insurances

      • Increased premiums
      • 12 fewer plans

        • Medicare

        • Rising premiums for Medicare
        • Expansion of mental health coverage

          • Federal Long-Term Care Insurance Program

          • Increasing premiums

          Thrift Savings Plan (TSP)

          • Contribution limits
          • Secure 2.0 changes

            • For questions or comments, email us in advance at [email protected]

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            For Your BenefitBy Federal News Network | Hubbard Radio
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