What You Need to Know About Federal Health Insurance Plans in 2023: Benefits, Eligibility, and Coverage
In the United States, federal health insurance plans play an essential role in helping citizens afford healthcare. The Federal Employees Health Benefits (FEHB) program is the most popular benefit offered by the government to its employees and their families, serving over eight million people across different states. However, with the new year approaching, many changes are expected in federal health insurance plans in 2023.
Eligibility
To enroll in FEHB, an individual must be a federal employee, retiree, or dependent of an employee or retiree. Federal employees who work part-time or on a temporary basis may also be eligible for enrollment. For eligibility criteria, it is best to consult with your agency’s human resources department or visit the Office of Personnel Management’s website.
Benefits
FEHB offers a variety of benefits such as preventive care, prescription drug coverage, hospitalization, and emergency services. Additionally, some plans also offer vision and dental coverage to further improve the health and well-being of enrollees. In 2023, new benefits and coverage options are expected to be available to federal employees and their dependents.
Enrollment Period
The annual open enrollment period is from November to December, during which employees can change their enrollment options or enroll for the first time. Outside of the open enrollment period, individuals can enroll due to qualifying life events such as marriage, divorce, or the birth of a child.
Costs
The cost of health insurance under FEHB depends on the plan selected, family status, and other factors like salary. Individuals should anticipate paying monthly premiums, co-pays, deductibles, and other out-of-pocket expenses. The government contributes to employees’ premiums, with the employee paying the remainder.
Final Thoughts
With the upcoming changes in federal health insurance plans, it is essential to stay informed and up-to-date with developments to make the best decisions about healthcare. Enrolling in FEHB is a crucial step in securing affordable and quality healthcare coverage. Consult with your HR department or visit the Office of Personnel Management’s website to stay informed about federal health insurance options and coverage changes for the coming year.
