March 16, 2023 The U.S. Office of Personnel Management (OPM) has paused all new applications for the Federal Long Term Care Insurance Program. Unenrolled individuals cannot apply for the program. The suspension period, which will run for 24 months from Dec. 19, 2022, is designed to give OPM and the John Hancock Life and Health…
September 8, 2022 USPS and the Office of Personnel Management (OPM) have published online FAQs about the new Postal Service Health Benefits Program. The program, also known as PSHB, will begin in 2025 and will provide health insurance to eligible Postal Service employees, annuitants and their eligible family members. PSHB is a new program within…
August 29, 2022 USPS and the Office of Personnel Management (OPM) have published online FAQs about the new Postal Service Health Benefits Program. The program, also known as PSHB, will begin in 2025 and will provide health insurance to eligible Postal Service employees, annuitants, retirees and their eligible family members. PSHB coverage will replace Federal…
April 12, 2022 The Postal Service reform legislation that President Biden signed into law on April 6 will involve changes to employees’ health and retirement benefits. USPS understands that employees have many questions, so here are a few things to know: • The law establishes the Postal Service Health Benefits (PSHB) Program, which will provide…
February 23, 2022 The Office of Personnel Management has directed Federal Employees Health Benefits Program plans to offer expanded coverage for over-the-counter COVID-19 test kits. This coverage must be provided without adding any cost-sharing requirements or prior authorization. In addition, plans are required to reimburse out-of-network costs up to $12 per test. Plans have the…
The OPM recently made an announcement that they are going to increase the costs of certain classes of the Federal Employee Group Life Insurance (FEGLI). This decision was made when we were told that we were going to get an increase in pay of 5.9% due to an increase in the COLA. The attitude seems…
The Postal Service is offering a special webinar for employees who want to learn more about their options during this year’s open season benefits enrollment period. The session, “Open Season 101,” is being offered several times throughout open season, which runs from Nov. 8-Dec. 13. Each session takes place through the Zoom videoconferencing platform; participants can…
October 2021 The Office of Personnel Management (OPM) recently announced that effective October 1, 2021, FEGLI premium rates will change for some types of coverage. Premium rates for Basic Insurance for employees and Post-Retirement Basic Insurance with 50% Reduction and No Reduction will increase. Most premium rates for Option A, Option B, and Option C…
