One common mistake is feds only consider the premium, Vanderslice said. She said feds should also look at their individual circumstances and don’t forget to check out the catastrophic limits for plans they are considering.
If you are “fairly healthy,” you might want to consider a less expensive plan. For example, about 60 percent of feds are in some version of Blue Cross Blue Shield, Vanderslice said. If you are currently in the standard plan, switching to the basic plan will save you 35 percent in premiums, she said.
If you have had some health change, or the premium of your current plan has gone up, it’s also time to consider another plan, Vanderslide said.
“If you really haven’t looked at your health care for the past three to four years and you’ve had any kind of a change — either health-wise or maybe you’ve had children go off your plan or maybe you’ve had change in marital status — you should really take the weekend … And dig into it and see if there’s a better plan,” Vanderslice said.
She added, “You could save yourself, literally, over a thousand dollars.”
Tom Temin is the host of The Federal Drive, which airs from 6-8 a.m. on 1500 AM in the Washington, D.C. region and online everywhere. Tom has 30 years experience in journalism, mostly in technology markets. Before coming to Federal News Radio, he was a long-serving editor-in-chief of Government Computer News and Washington Technology magazines.