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2009 Federal Benefits (FEHB) Open Season:
New Premium Rates, Plan Brochures and Comparison Tools Now Available The Office of Personnel Management (OPM) has released the plan brochures and comparison tools for the 2009 Federal Benefits Open Season, which will run from November 9 through December 14, 2009.
Why is the 2009 Federal Benefits Open Season important? Most FEHB plans will see benefit and rate changes for 2010. - Some plans are dropping out of the program and others are changing their service areas or coverage options It is wise to review your coverage during this period to decide what coverage and premium best suits your needs for the upcoming year. - You can supplement your health insurance coverage by choosing dental and/or vision insurance coverage that will reduce your out-of-pocket costs for these types of care. You may also cancel your participation in these programs during this period. - A flexible spending account can save you money through lower tax withholdings. You can fund your account through pre-tax contributions from your salary, and use the account to pay health care out-of-pocket or dependent care costs. - You can not enroll, change your enrollment, or cancel your coverage in these programs outside the Open Season unless you experience a Qualifying Life Event. What happens if you do nothing during Open Season? - You will continue to be covered by your present health insurance plan, unless your plan is dropping out of the FEHB or reducing it's service area [124 KB]. However, your benefits, premiums, or coverage options may change. - You will continue to be covered by your present dental and/or vision insurance plan. However, your benefits and/or premiums may change. - If you already have an FSAFEDS account, it will not continue automatically; you must reenroll. - You can not enroll, change your enrollment, or cancel your coverage in these programs outside the Open Season unless you experience a Qualifying Life Event. More information can be found at the OPM website: |