opm health benefits

opm health benefits - The U.S. Office of Personnel Management( OPM) has announced the average premium rate for the 8.2 million people covered by the Federal Employees Health Benefits( FEHB) Program will increase by 3.7 percent in 2014. That percentage is only slightly higher than last year's increase of 3.4 percent and less than the national average increase in 2013. The average premium mount for the Federal Employees Dental and Vision Insurance Program( FEDVIP) will be under 1 percent for dental coverage and average premiums for eyesight interests will decrease by 1.3 percent.

" For the third largest time in a row, OPM has restrained the average fee multiplies for the FEHB Program under 4 percent, persisting our commitment to provide federal employees, annuitants with the best possible coverage options ," spoke OPM Acting Director Elaine Kaplan." The FEHB Program delivers competitive rates and benefits through an efficiently passed program to entice and contain top-talent in the federal service ."

There are no significant benefit changes for 2014 and more scheme picks: 256, up by over 10 percent from 2013.

On average, FEHB Program enrollees with self exclusively coverage will offer $3.28 more per bi-weekly spend point, and enrollees with category coverage will offer $7.90 more. Premiums for Health Maintenance Organizations are on the rise an average of 6.5 percent, while Fee-for-Service intentions will see an average increase of 3.1 percent.

The 2013 Open Season for health, dental, and eyesight policy and flexible spending accounts will be held from November 11, 2013 to December 9, 2013. The annual Open Season makes federal employees and retirees the opportunity to review their health plan picks and make changes for the following year. It too tolerates eligible staff members to recruit for coverage. FEHB Program enrollees scheduled for consideration by both benefits and premiums for their health plan picks and rule what coverage will best fit their healthcare needs in the coming year.

Established in 1960, the FEHB Program is most important employer-sponsored health benefits program in the United States. The government requires a weighted average contributed by 72 percent of premiums with a cap of no more than 75 percent of total fee cost. Nearly 90 percent of all federal employees participate in the Program.

The OPM website requires a detailed breakdown on the FEHB Program premium rates and the FEDVIP rates.