OPM Announces FEHBP Premiums to Rise 3.7 Percent in 2014
Last week the Office of Personnel Management (OPM) announced premium rates for fiscal year 2014 for the Federal Employees Health Benefits Program (FEHBP).
Premium rates will increase 3.7 percent in 2014, slightly higher than the 3.4 percent they rose last year. Under the Federal Employees Dental and Vision Insurance Program (FEDVIP), dental premiums will increase less than one percent and vision benefit premiums will decrease by 1.3 percent.
Open Season for electing benefits will occur between November 11, 2013, and December 9, 2013.
“For the third year in a row, OPM has kept the average premium increases for the FEHB Program under 4 percent, continuing our commitment to provide federal employees, annuitants and their families with the best possible coverage options,” said OPM Acting Director Elaine Kaplan. “The FEHB Program delivers competitive rates and benefits through an efficiently run program to attract and retain top-talent in the federal service.”
Posted in General News