More stamp price changes are expected: How expensive could they get?

"...Earlier this summer, the cost of a Forever stamp rose five cents, marking the largest price increase the U.S. has seen on first-class mail.

You may want to stock up now, especially with additional price hikes already on the horizon.

The latest increase, which took effect on July 13, marked a 7.4 percent bump on first-class mail stamps alone. At 78 cents a piece, it may not feel like very long until they reach $1.

The July price hike is the seventh since 2021 — there were two rate increases in 2023 and 2024. Since 2014, stamps have gone up nearly 30 cents each. ..."

   

This Article is From: ktla.com


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Postage stamp prices are about to increase for the SECOND TIME THIS YEAR!

"...After increasing the price of a first-class postage stamp to 68 cents in January, the U.S. Postal Service is planning to increase the cost again in the coming days. The USPS will bump the cost of a first-class Forever stamp to 73 cents on July 14..."    

This Article is From: fortune.com


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USPS raising stamp prices: Last chance to lock in Forever stamp rate ahead of increase

"...The price of first-class Forever stamps will increase from 68 cents to 73 cents on July 14, an increase of more than 7%. Prices for all services will rise more than 7.5%.

The price hikes are part of the USPS 10-year "Delivering for America" plan ..."    

This Article is From: www.usatoday.com


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Federal Long Term Care Insurance Program (FLTCIP) update | Enrollee decision period underway

"...The Office of Personnel Management has extended the Federal Long Term Care Insurance Program (FLTCIP) contract with the John Hancock Life and Health Insurance Co. for seven years.

Under the new contract, a rate increase will be needed for many current enrollees because the current FLTCIP premiums are not sufficient to meet the program’s future projected obligations.

Each affected enrollee will receive a package that will include an introductory letter, a return envelope, an informational brochure and a benefit options worksheet with detailed information about the enrollee’s current coverage and options to change coverage.

These packages were mailed in mid-September.

The deadline for enrollees to submit a selection is Nov. 9.

...The decision period is for affected FLTCIP enrollees only. This is is not a general open season because in December, the Office of Personnel Management suspended new applications for FLTCIP coverage for two years."    

This Article is From: usps.com


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