OPM said the rise in costs is lower than the industry standard. Employees who choose family coverage will see an increase of $22.90 a month. Open season starts Nov. 8.
The Office of Personnel Management is calling for federal employee health insurance carriers to propose more wellness and prevention programs.
Multiple proposals being discussed by Congress and the White House would affect feds’ pay and benefits. Host Mike Causey is joined by Steve Losey and Steve Watkins of the Federal Times to discuss what might be coming down the road. May 25, 2011
Federal employees will see an average of 3.8 percent increase in healthcare premiums in 2012, the lowest rate hike since 2008 and about half of last year’s increase. On average, enrollees with self-only coverage will pay $2.32 more per bi-weekly pay period, and enrollees with family coverage will pay $6.18 more, the Office of Personnel Management said.
David Snell is the retirement benefits expert with NARFE.
After years of being asleep at the health-insurance switch, it appears that many federal workers and retirees are actually doing more than complaining about higher premiums, Senior Correspondent Mike Causey says.
Registered employee benefit consultant Ed Zurndorfer, a registered employee benefits consultant, joined the Federal Drive with Tom Temin and Amy Morris with tips for making the best decisions.
Shirley Patterson, the assistant director of federal employee insurance options at OPM, told the Federal Drive with Tom Temin and Amy Morris the agency turned to a new channel of communication to get the word out this year: webcasts.
Today, according to some folks, is Dump Day. It’s the deadline for either calling it quits with your spouse, partner, betrothed or significant other or sticking with them at least until next year. Fortunately for feds, the D-day decision for your health plan is not until mid-December.
If you are a long time federal or postal worker you may have noticed this is the dullest health insurance open season in decades. But Senior Correspondent Mike Causey says that’s a good thing…