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FSAFEDS

  • Federal life insurance Open Season signals time to reevaluate health benefits

    Open Season for the Federal Employees Health Benefits Program is fast approaching, but starting Sept. 1, for the first time in 10 years federal employees can enroll or increase their life insurance without a health exam, through the Federal Employees' Group Life Insurance Program.

    Benefits
    August 29, 2016
  • FSAFEDS members getting helping hand during ‘blackout’

    The Federal Employee Education and Assistance Fund is offering no-interest loans for federal employees during next month's FSAFEDS 'blackout period.'

    Benefits
    July 18, 2016
  • Vendor changeover to require pause in flexible spending reimbursements

    Federal employees will not be able to submit new Flexible Spending Account claims for health care or dependent care for a month this summer, starting July 30.

    Benefits
    June 23, 2016
  • OPM IG has ‘serious concerns’ for benefits procurement process

    The Office of Personnel Management's Office of the Inspector General has issued a management alert warning that the agency's procurement process for certain benefits is outdated, creates a conflict of interest and could cause taxpayers to overpay on services.

    Agency Oversight
    October 27, 2015
  • OPM: FSA participants can rollover $500 in unused funds

    Feds participating in the Federal Flexible Spending Account Program will now be able to rollover up to $500 from one year to the next in unspent funds from their limited expense and health care flexible spending accounts.

    Workforce
    September 04, 2014
  • Will OPM allow flexible-spending rollovers?

    Under federal "use it or lose it" rules, any unspent money employees set aside last year to pay for out-of-pocket health costs, such as prescriptions or co-pays, is forfeited at the end of the year. But a group of senators from states surrounding the Washington, D.C., area, wants to change that. Sen. Ben Cardin (D-Md.) along with Sens. Barbara Mikulski (D-Md.), Mark Warner (D-Va.) and Tim Kaine (D-Va.) wrote to Katherine Archuleta, the head of the Office of Personnel Management, requesting the agency implement new regulations that would allow federal employees to roll over as much as $500 in unused funds from year to year.

    Congress
    December 30, 2013
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