Fehb Open Season 2011 - All You Need To Know

FEHB Open Season 2011 – All You Need To Know

By: - Health & Fitness - September 30, 2011
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If you are a federal employee, especially a new one, you may have heard of the FEHB Open Season 2011, but not sure what it is. FEHB Open Season 2011 is the time of the year when you are able to elect benefits for the next calendar year, in this case, 2012. You will be able to make sure your medical, dental or vision insurance is how you want it to be or need it to be for the upcoming months.

This next year will show big changes for federal employees. For the 2012 year, FEHB 2011 rates have changed for most participants. Some plans may be totally dropping out of the program and others will be changing their service areas and even coverage options. During the FEHB Open Season 2011 you will be able to drop coverage as well, if that is what you choose to do. You can also supplement coverage, add or cancel a flexible spending account or simply do nothing. You should remember that you cannot change anything with your plan, aside from during open season, unless you have a life changing event.

FEHB 2011 rates will depend on where you work as a federal employee (US Post Office or not), where you live and the type of plan you are a member of.  The FEHB 2011 rates for non-postal workers range from $341.48 per month for health insurance for a single person up to $1882.16 for specific family plans. The postal rates for health insurance for this plan range from approximately $104.56 per month up to $996. The US Government does pay a percentage of these rates, so you will not be responsible for the entire amount, but you will need to pay some of it. This amount will be deducted from your biweekly paycheck.

Deciding what type of coverage you need for your insurance can be overwhelming, but there are some great resources available for you online. One of the best places to start is the http://www.opm.gov/ website. If you click on the area on the left hand side of the screen that says “Federal Employees”, you will be taken to the program guides. There is information on health insurance, dental insurance, vision insurance, life insurance, flexible spending accounts, and long term care. If you need additional assistance, feel free to contact your human resources office or the shared services office in your particular agency.