Fed Life — The cost of Federal Employee Health Benefit Plans
We start out this week with something that’s crucial to every federal employee’s well-being, and wallet. Namely, the cost of Federal Employee Health Benefit Plans. Prices are on the rise for the year ahead, so you better start doing some homework ahead of open season next month. Federal News Network’s Drew Friedman joined me with the details.
Plus, recent analysis from the Congressional Budget Office found that on average, “enlisted personnel receive cash compensation that is higher than that received by about 90 percent of civilians of the same age and education.” (https://www.cbo.gov/system/files/2023-09/59506-military-comp-qfrs.pdf)
So what’s the best way to capitalize on that? To try and answer that, Federal News Network’s Eric White spoke to Trevor Nolan, who is the author of the new book “Military Money: How To Thrive On A Government Salary,” and retired servicemember himself.