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Search Tags: OPM
There are fewer options and higher prices in store for most federal employees this Open Season. But premiums may not have to be as high as many feds think. FederalNewsRadio gets tips from the editor of CHECKBOOK's Guide to Health Plans for Federal Employees.
OPM memo outlines which companies are leaving and what they must do before 2010. Insurance companies have to notify participants of their intent, but feds are responsible for finding new plans.
Agency issues notice in Federal Register detailing how the changes would work. OPM expects premiums to go up for enrollees under 70 years old.
There still are two more weeks to send ideas to OMB to win the SAVE Award. OMB also is kicking off a physical fitness challenge to its employees to see who walks the most. The winner will have lunch with Director Orszag.
Before you go into sticker shock over your 2010 health insurance premiums, Senior Correspondent Mike Causey urges you to remember what your Mother always said: That you are NOT average.
FEHBP enrollees should be prepared to pay more in health costs next year. On average, this means an increase in $5.98 per pay period for those with individual health coverage, and an average of $12.87 for employees with family coverage.
The Office of Personnel Management now says it will continue to make retirement projections that forecast the potential number of retirees that leave government service each year.
Agency spokesman says past projections haven't held up well. The decision by OPM reverses years of projections that found federal employees were expected to retire in great numbers.