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After several years of premium rate increases that reached as high 6.4 percent, participants in the Federal Employees Health Benefits Program will see more modest increases in 2019.
The administration also proposes moving OPM's current retirement services and health care and insurance offices to the General Services Administration, which would be renamed the "Government Services Agency."
The Trump administration may move several functions, including federal employee health and retirement benefits programs, from the Office of Personnel Management to other agencies.
A complex regulation change from the Office of Personnel Management opens up a few more options to enrollees in the Federal Employee Health Benefits Program (FEHBP).
In its annual call letter to Federal Employee Health Benefits Program (FEHBP) carriers, the Office of Personnel Management urged insurance companies to consider new ways to cut costs for the next year.
Stephen Zelcer, a financial advisor for federal employees, explains whether Medicare is needed when already covered by FEHB.
Nearly two-thirds of participants in the Federal Employees Health Benefits Program were enrolled in one of the two Blue Cross Blue Shield Association fee-for-service plans as of 2015.
Health premiums for folks covered by the Affordable Care Act will jump 50-to-57 percent next year, but federal workers and retirees get a pass.
The Office of Personnel Management announced the average premium rate increases for 2018 ahead of open season, which runs from Nov. 13 through Dec. 11.
The Republican Study Committee released its own take on the fiscal 2018 budget, which includes several cuts to federal pay, retirement and health benefits. Here's how the committee's budget proposal measures up to other recommendations from the Trump administration and other House lawmakers.
Open Season for the Federal Employee Health Benefit Program kicks off Nov. 14 and runs through Dec. 12. Participants have about month to make changes to their health plans. But experts say only 6 percent of federal employees and retirees typically choose to make a change.
Federal employees and their families will see a 4.4 percent increase in their Federal Employee Health Benefit premiums next year. But FEHBP participants will pay 6.2 percent toward their health care costs. The government share is 3.7 percent.
All Federal Employee Health Benefit program carriers are required to cover applied behavior analysis (ABA) benefits for children on the autism spectrum this year. The Office of Personnel Management is also adding 19 performance standards to measure how well the program's carriers are doing.
The Office of Personnel Management released the FEHBP rates today for 2016, detailing the largest increase in recent memory and double that of 2015.