OPM Press Release – October 14, 2020
WASHINGTON, DC – The U.S. Office of Personnel Management (OPM) announced today that for plan year 2021, the average total premiums for current non-Postal employees and retirees enrolled in plans under the Federal Employees Health Benefits (FEHB) Program will increase 3.6 percent. This year’s increase is lower than last year’s increase.
This year, OPM has negotiated a new, seven-year contract for the Federal Employees Dental and Vision Insurance Program (FEDVIP). While the majority of current FEDVIP enrollees should not experience a significant increase in premiums, enrollees are encouraged to research the various FEDVIP plans and choose the dental and vision coverage that best fits their needs.
“Our team has worked diligently throughout the year with healthcare providers and carriers to secure top-tier health benefits for federal employees, retirees, other eligible individuals, and their families,” said OPM Acting Director Michael J. Rigas. “We hope today’s announcement will help members of the Federal community successfully plan for the coming Open Season.”
Federal Benefits Open Season begins Monday, November 9 and ends Monday, December 14, 2020. The annual Federal Benefits Open Season gives Federal employees and other eligible individuals the opportunity to review their FEHB and FEDVIP plan options, make changes, and enroll for the upcoming benefit year that begins January 1, 2021.
Federal employees may also use Open Season to elect to make pre-tax contributions to health care and/or dependent care flexible spending accounts under the Federal Flexible Spending Account Program (FSAFEDS).
Visit https://www.opm.gov/healthcare-insurance/healthcare/plan-information/premiums/ to view the plans and rates for the upcoming Open Season.
Related: eRetiree Newsletter – October 2020