Ed Zurndorfer, a registered employee benefits consultant, joined the Federal Drive with Tom Temin and Amy Morris for his perspective on what the changes mean for feds and what they should keep in mind when planning their finances for the coming year.
Is your health plan about to become your new Best Friend Forever? Your exercise enabler, your gym partner? It could all happen in January thanks to new affinity partnership programs that will be launched by a federal health plan near you, Senior Correspondent Mike Causey says.
Can you stand a little good news? Do you remember how to react to it? The good news is that health insurance premiums in the FEHBP are only going up an average of 3.8 percent next year. That\'s almost half the increase in 2011. Check out what you will be paying next year, Senior Correspondent Mike Causey says.
Federal employees will see an average of 3.8 percent increase in healthcare premiums in 2012, the lowest rate hike since 2008 and about half of last year\'s increase. On average, enrollees with self-only coverage will pay $2.32 more per bi-weekly pay period, and enrollees with family coverage will pay $6.18 more, the Office of Personnel Management said.
On today\'s Federal Drive: The Senate has appeared to avert a government shutdown with the passage of a stopgap funding measure and a proposed bill would allow federal employees to donate unused sick leave to other feds.
Why is it that when many federal workers and retirees take a pill for a headache, sinus or their blood pressure they also feel a pain in the butt? Senior Correspondent Mike Causey says its all about the high price of prescription drugs.
The Office of Personnel Management has released updated security notices for its new Federal Employees Health Benefits program database.
Changes to the computation of group rates in the FEHBP are coming. We talk with Checkbook\'s Walton Francis about what that may mean for you.
OPM Director John Berry is calling for agency executives to use their existing tools to get rid of poor performers. Berry tells House lawmakers that over the next year OPM will work with managers improve performance management. OPM also giving up on its retirement systems modernization program and putting its financial management system upgrade on hold.
The Office of Personnel Management is calling for federal employee health insurance carriers to propose more wellness and prevention programs.
The agency will issue its first Call Letter of 2011 Friday detailing suggestions for insurance carriers to focus on wellness and healthy lifestyles. Director Berry also wants insurance providers to offer affinity benefits for domestic partners of federal employees. Later this year, OPM will launch a new medical claims database to improve the plans.
Feds have many questions about what Congress and President Barack Obama have in store for them in the years ahead. Federal Times experts Steve Watkins and Sean Reilly, and Carol Bonosaro, Senior Executive Association President, join Mike Causey to discuss these issues.
Buying a health plan simply because it has low premiums can be a big mistake unless: you have been dropped from your parents federal health plan; you are the ex-spouse of a federal worker or retiree or you are currently piggybacking on your nonfederal spouses health insurance. In that case, says Senior Correspondent Mike Causey, expensive can still be cheap.
Federal health benefits expert Walton Francis explains what feds need to do in the last week leading up to the open season deadline.
Open Season 2010 is quickly coming to a close. December 13 is the last day for feds to make changes to their health care plans. David Snell from the National Active & Retired Federal Employees group joins us to talk about the best health plan deals for feds and retirees. December 8, 2010