Insurance Options Available to Federal Employees

What Insurance Options Are Available to Federal Employees?

 

School means the start of fall but also the start of cold and flu season. Will your insurance stack up to your family’s needs when it comes to germs?  Federal Educators share several insurance options below that are available to federal employees. Read on to find the best option for you.

 

The Federal Employee Health Benefits (FEHB) program was designed by the Office of Personnel Management to help federal employees and their families meet their health care needs. Enrollment may occur during your first 60 days as a newly eligible employee, during the Federal Benefits Open Season (mid-November to mid-December), or when you have a qualifying life event such as marriage, divorce, or birth.

 

A wide selection of plans is available to current employees, retirees, and their survivors. Consumer-driven options offer catastrophic risk protection with higher deductibles, health savings/reimbursement accounts, and lower premiums. Additional plans available include Fee-for-Service (FFS) with their Preferred Provider Organizations (PPO), and Health Maintenance Organizations (HMO) if you live or work close to an area serviced by the plan.

 

We recommend using the Office of Personnel Management’s online comparison tool to view costs, benefits, and all available plan features. Using your five-digit zip code along with additional employee information will allow you to view what plans are available in your area. Make sure to consider the total benefits package and provider availability before committing to a plan. Inside the FEHB plan brochure, you can view what level of services and supplies are covered. If you need additional assistance, contact your human resource office.

 

For more comprehensive benefit planning, the Federal Educators team can provide your family with resources and tools tailored to your journey. Call the Tampa office at (813) 755-7037 or request a free benefits analysis today.