The Office of Personnel Management (OPM) has announced a change for the FEHBP open season to encompass FSAFEDS and FEDVIP. In a recent Benefits Administration Letter (07-401), OPM has indicated that one open season will cover all three major federal programs. Click HERE to review the letter.
Federal employees need to be prepared to make decisions and/or changes, if they desire, not only to their health insurance under FEHBP, but also to their flexible spending accounts, known as FSAFEDS. You will recall, under FSAFEDS federal employees can set aside pre-tax funds to pay for eligible, out-of-pocket dependent care and health care expenses. Under FEDVIP, there are seven dental and three vision-preferred provider organization plans available to federal employees. Employees pay the full premium under FEDVIP.
From time to time NTEU will be providing more information on these programs, but for now we urge you to mark your calendar for the 2007 Federal Benefits Open Season to be held from Monday, November 12, 2007 through Monday December 10, 2007.