Comprehensive Overview of Federal Employee Insurance Options
This article provides a detailed guide to the Federal Employee Health Benefits (FEHB) Program, covering plan options, eligibility, open season tips, and recent updates to help federal employees optimize their health coverage and costs.
Comprehensive Overview of Federal Employee Insurance Options
The Federal Employees Health Benefits (FEHB) Program offers valuable coverage to federal workers and their families, ensuring health security while serving the country. Among various plans, Blue Cross-Blue Shield remains the top choice nationwide.
Annual data shows less than 10% of employees switch plans, but reviewing available options periodically can lead to better coverage at lower costs. Considering both current and new plans helps meet evolving health needs effectively.
During open season, evaluate your healthcare needs based on health status, finances, and residence. Decide on adding dental, vision, health, or life insurance, or explore options like flexible spending accounts and long-term care coverage. It's an ideal period to update your benefits. The official site provides detailed rate charts for various categories, such as:
HMO (Regional plans with specific service areas)
Fee-for-Service (Nationwide plans)
U.S. Postal Rates
TCC and Former Spouse Rates
Non-Postal Rates
Eligible individuals include current and retired employees, their spouses (including ex-spouses), children, parents, and in-laws, provided the employee qualifies for coverage. Despite minimal premium increases in 2018, the FEHB, established in 1960, remains the largest employer-sponsored health insurance program, offering extensive benefits.
