The upcoming Open Season, where federal employees and retirees can make changes to their health, dental, and vision insurance benefits for calendar year 2019, and where employees can enroll in Flexible Spending Accounts (FSAs), will be held from November 12, 2018, through December 10, 2018.
The Office of Personnel Management (OPM) will announce health care premiums for calendar year 2019 and post specific health plan materials and resources on their website later this fall.
As a general reminder, you should contact the agency’s human resources office or personnel with health plan and enrollment questions, and annuitants should contact OPM. Any questions about a specific insurance plan can be directed to the specific insurance carrier. Current health insurance information from OPM is available at: https://www.opm.gov/healthcare-insurance/ Questions regarding dental and vision plans can be directed to BENEFEDS at 1-877-888-3337 or at www.benefeds.com.
Employees must set up FSAs annually, as this benefit selection does not roll over year-to-year. Under current IRS rules, the minimum annual election amount is $100. The maximum contribution for health care expenses is $2,650 per participant, and $5000 for dependent care. Any future changes to contribution levels by the IRS will be offered by FSAFEDS. Information is available at www.fsafeds.com and 1-877-372-3337.
Please use this information for planning purposes, as your benefit selections play a huge role in your overall financial security.