Search results for how can checkbooks guide to health plans for federal employees help me

174 articles found

  • How can Checkbook's Guide to Health Plans for Federal Employees help me?

    Checkbook's Guide to Health Plans for Federal Employees gives you vital shopping information that you cannot get from any other source. It tells you how much money you can save by changing—or by

  • How to use Checkbook's Guide to Health Plans for Federal Employees

    We prepared the Guide because we know that choosing the right plan can be difficult, even if you have time to read hundreds of pages in plan brochures. The coverage details are hard to understand and

  • How Much Money Can I Save by Switching FEHB Plans?

    Whether your family's circumstances are "average" or unusual, some HMOs, some national plans such as Blue Cross Basic and GEHA Standard option, and several High-Deductible plans offer big savings

  • Our Methods and Data Sources

    We compare plans in terms of their likely dollar cost to you, including both the “for sure” expense of the premium and the out-of-pocket (OOP) expenses you face for costs the plan does not pay. We

  • What Federal Employees Need to Know About FEHB Premium Conversion

    Federal employees shelter their share of the FEHB plan premium from income taxes through what is called "Premium Conversion." Employees have the right to opt out of this program. This increases very

  • Spousal Insurance

    My husband is retiring and we are trying to decide if he should be put on my insurance plan. My concern is, if I were to pass away would he still be covered or would he have to find his own? Any

  • Why Every Federal Employee Should Have a Flexible Spending Account (FSA)

    Flexible Spending Accounts (FSAs) provide a way to shelter even more health care spending from taxes. FSAs allow you to shelter the out-of-pocket costs that you incur for copayments, coinsurance,

  • 13 FEHB Open Season Tips

    Getting "Free" Health Insurance—Some Consumer-Driven and High Deductible FEHB plans provide you a savings account larger than your actual premium cost after taxes. You can end the year with more

  • How the FEHB Program Works

    The Federal Employees Health Benefits Program (FEHB) is an unconventional government program. Instead of giving you one "take it or leave it" choice, the government authorizes plans to compete for

  • Can you Save Money by Enrolling in FEHB Self Plus One?

    Married couples with no children to cover, and single parents with one child to cover, can enroll as self plus one rather than as a family and, depending on the plan, usually save two or three

  • Customer Satisfaction Ratings of FEHB Plans

    Our Guide shows plan-by-plan customer satisfaction ratings reported by OPM. These ratings come from a 2023 survey in which a standardized questionnaire was sent to a sample of each plan’s members.

  • How to Coordinate a FEHB Plan with Other Insurance

    You cannot use our cost rankings directly if you have health insurance coverage from another source. The best FEHB plan for you depends on the cost and benefit structure of the other plan, though

  • What's the Difference Between a HSA and a HRA?

    There are two different savings accounts associated with HDHP and CDHP plans, HSA and HRA. Here's how they compare:

  • High Deductible Health Plans

    I am confused regarding the difference between a consumer directed health plan with a health reimbursement account and a high deductible health plan that can have a health savings account. What sets

  • FEHB Tax Savings for Federal Employees

    There are major tax advantages for health insurance. The employer share of health insurance—paid by agencies for employees and by OPM for retirees—is part of employee compensation but by law is

  • FEHB Plan Benefits

    I need good psychiatric benefits. What plan is best? The mental health parity requirement—which theoretically allows unlimited mental health services at the same cost as physical health

  • IRMAA - Income Related Monthly Adjustment Amounts

    What is IRMAA? IRMAA stands for Income Related Monthly Adjustment Amounts. High-income households pay an extra charge—IRMAA—on top of the standard Medicare premium. IRMAA can apply to either Medicare

  • What Federal Employees Need to Know About Dental Care

    Dental care can be one of the more predictable healthcare expenses, and anticipating your usage gives you an opportunity to plan. Here’s what you need to know about dental coverage from FEHB and

  • Reasons Why You Shouldn't Enroll in Medicare Part B

    Here are a few scenarios why retirees should consider not taking Part B. High Income Couples and Individuals that pay IRMAA—If you fall into one of the high-income categories (more than $103,000

  • Reasons Why You Should Enroll in Medicare Part B

    The most common question we receive every Open Season from retirees and soon-to-be retirees is whether to take Part B and pay the extra premium. Given that there is a penalty if you delay Part B

  • How to Choose the Best FEHB Plan For You and Your Family

    There are three important steps to follow to narrow down the selection of plans: Use the Guide's yearly cost comparisons, which are personalized based on the information you tell us, to find the

  • How to Balance Risk When Choosing a FEHB Plan

    Since you do not know in advance how high your medical bills will be, there is no way to know which plan will leave you with the lowest total cost. You must gamble just as you do with any insurance,

  • How to Save Money on FEHB Coverage and Healthcare Costs

    With the average enrollee share of FEHB premium increasing 7.7% next year, most federal employees will pay more for health insurance in 2024. We’ll analyze this premium hike and walk you through

  • Are High Deductible Health Plans the Right FEHB Plan Type for You?

    For most federal employees, High Deductible Health Plans (HDHPs) will be the cheapest FEHB plan type. Here’s how they work. HDHP Overview HDHPs have much higher deductibles than traditional HMO and

  • Are Consumer Driven Health Plans the Right FEHB Plan Type for You?

    Consumer Driven Health Plans (CDHPs) have been around for a while, but we still get a lot of questions about them. Here’s why they’re one of the lowest-cost plans in FEHB. How CDHPs work CDHPs have

  • How Health Insurance Works

    Individuals and families buy automobile, life, fire, and health insurance policies to protect themselves from catastrophic financial harm from rare events. No one buys "food insurance" because food

  • Why Every Federal Employee Should Consider a Health Savings Account

    High Deductible Health Plans (HDHP), which include Health Savings Accounts (HSA), are one of the cheapest health plan options available to federal employees. With an increase in HSA contributions for

  • Miscellaneous

    I'm not very healthy and could easily have expenses of many thousands of dollars next year. So I don't think that your rankings based on average costs are what I should use. What should I do? A good

  • Outpatient Mental Benefits in the FEHB Program

    OPM has long required that plans pay the same benefits for physician visits or hospital stays whether due to either physical or mental illness. This requirement is called "parity," and, at face

  • What Part-Time Employees Need to Know About the FEHB Program

    Many career Federal employees work part-time schedules. In these cases, most government agencies do not pay the regular share of the premium. Instead, employees receive a pro rata amount based on

  • Prescription Drug Coverage

    I take a number of prescription drugs and I would like to find out which plan would cost me the least out of pocket cost. Is there a way to do this? Our results comparing plans include substantial

  • Should I Join a High Deductible Plan in the FEHB Program?

    Over a dozen national and some local carriers offer High Deductible plans (HDHP), with at least two or three of these plans available to most enrollees. HDHPs offer spectacular savings opportunities

  • What's New in FEHB for 2024

    Every year it’s important to review what’s new in FEHB. As in previous years, there are significant premium, benefit, and plan availability changes that will affect both active and retired federal

  • A Closer Look at 2024 FEHB Premiums

    Federal employees and annuitants will, on average, pay 7.7% more in FEHB premiums next year. OPM cites increased cost and use of prescription drugs, emergency room care, and outpatient care as the

  • What Federal Annuitants Need to Know about Medicare Part D for 2024

    Federal annuitants will have higher healthcare costs in 2024. The enrollee share for FEHB premiums is rising 7.7%, and the standard Medicare Part B premium is increasing 5.9%, or $9.80, to

  • Expect to see Improved Fertility Coverage from FEHB Plans in 2024

    OPM released their annual carrier call letter that outlines the goals and initiatives federal employees can see from FEHB plans in 2024. One of the biggest changes is fertility coverage. From the OPM

  • Should I Purchase a FEDVIP Dental or Vision Plan?

    The Federal government offers standalone "FEDVIP" dental and vision plans, separate and distinct from the FEHB program. The FEDVIP program shares the same Open Season dates as the FEHB program, but

  • Disputed Claims for FEHB Plans

    Along with the customer satisfaction survey results, we have another indicator of service quality for fee-for-service plans. We checked disputed claims on file at OPM. A disputed claim is a case in

  • Should Federal Annuitants Stay Enrolled in the FEHB program after Age 65?

    You could drop FEHB coverage once you enroll in Parts A and B. But this would be a bad decision. Medicare Part B requires you to pay 20 percent of the cost of doctors’ fees, and deductibles, with no

  • Weight Loss Drug Coverage from FEHB Plans and Medicare

    Weight-loss drug popularity has skyrocketed. Between 2020 to 2022, the number of prescriptions has risen to around 9 million in the U.S. With celebrity attention, positive clinical trials, and even

  • What You Need to Know About the FEHB Program and Health Savings Accounts (HSA)

    Both Health Reimbursement Arrangements (HRAs) and Health Savings Accounts (HSAs) provide significant tax advantages, beyond those available through Premium Conversion and FSAs. The simpler case

  • Medicare

    I'm a retired Federal employee with FEHB health insurance. My insurer is telling me I have to use Medicare part A. I don't want to use it because that's taxpayers money. I paid for insurance coverage

  • 2024 FEHB Program Changes

    The average 2024 premium will increase 7.7% for enrollees. This is considerably higher than historical experience in the FEHB, but is similar to most private employer cost increases and largely

  • What are HSA Catch-Up Contributions?

    If you're 55 or older and not yet on Medicare, you can contribute an additional $1,000 per year to your HSA as a catch-up contribution. The catch-up contribution is in addition to the annual maximum

  • Hearing Aid Benefits in the FEHB Program

    All plans cover medical problems, such as infections, that affect any part of your body, including your ears. All plans cover routine hearing testing for children. Almost all will pay most of the

  • How Retired Couples Can Save Money by Choosing Self-Only FEHB Enrollment

    For a husband and wife who are both Federal annuitants and who have no dependent children, it is possible to save on premium costs by enrolling separately as self only rather than together as self

  • How to Maximize the Full Potential of Your HSA

    To maximize the full potential of the HSA, you'll want to try to preserve the plan contribution as much as possible and have it grow year over year along with future plan contributions. Remember,

  • FEHB Plan Catastrophic Limits

    The most important reason for buying health insurance is to protect you against financial catastrophe. You may, therefore, wish to approach plan selection by comparing plans based on potential

  • Clinical Quality of Care for FEHB Plans

    We also report ratings from OPM on how plans compared for clinical quality of care. These data are from the Healthcare Effectiveness Data and Information Set (HEDIS), which are standardized

  • What the End of the COVID-19 Public Health Emergency Means for FEHB Coverage

    On May 11, 2023, the Department of Health and Human Services ended the COVID-19 Public Health Emergency (PHE). As a result, some FEHB benefit provisions enacted by OPM will change going forward. OPM