|Office of Personnel Management (OPM) announced the Federal Employees Health Benefits Program’s premium rates would increase an average 4.9 percent for employees and retirees in 2021.|
SUMMARY: Today, the Office of Personnel Management (OPM) announced the Federal Employees Health Benefits Program’s premium rates would increase an average 4.9 percent for employees and retirees in 2021.
Open season for federal employees to re-enroll or change their health insurance for next year starts November 9 and goes through December 14. Federal employees and retirees on average will pay 4.9 percent more for health insurance next year. Federal Employee Health Benefit Program enrollees who purchase health insurance for themselves and their families will pay $286 more on average next year, according to data released Wednesday by the Office of Personnel Management.
Because the 4.9 percent increase is an average, some will see even larger increases depending on the type of plan they choose. OPM said that nearly 53 percent of FEHB enrollees will see an increase in premiums of between 5 percent and 10 percent. Please refer to the comparison charts at www.OPM.gov when choosing a plan.
OPM has instructed carriers in FEHBP to cover all costs of getting the FDA-approved COVID vaccine when it is distributed.
The Federal Employees Dental and Vision Insurance Program (FEDVIP) allows eligible persons to purchase dental and vision insurance on a group basis with competitive premiums and no pre-existing condition limitations for enrollment. OPM has a new contract for these benefits. Specific plan information will be available on BENEFEDS.com in late October to early November. All prospective and current enrollees are encouraged to shop and compare these new plan options.
NTEU will continue to fight for ways to bring down health care premiums and educate our members on how to choose coverage that meets their families’ needs at the lowest cost possible.