John Hancock Life & Health Insurance Company, OPM’s provider for the Federal Long Term Care Program, said “a confluence of factors” led to the sudden and drastic increases in premiums for 2017.
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.
The popularity of the self-plus-one option during the 2015 Open Season helped make it the busiest enrollment period on record. This year was so busy that the Office of Personnel Management has scheduled a limited enrollment period in February to make certain changes to plans regarding self-plus-one.
The Office of Personnel Management is calling for federal employee health insurance carriers to propose more wellness and prevention programs.
Federal News Radio talks with OPM, the SEA and Senior Correspondent Mike Causey about what’s in the survey.