Premium conversion will be discussed in the next FEDZONE column. Alert box notification is currently enabled, please, follow this link to enable alert boxes for your profile, follow this link to disable alert boxes for your profile. During the 2020 benefits ‘open season” being held from Nov. 9, 2020 through Dec. 14, 2020, employees and annuitants can take the following actions with respect to their FEHB program health insurance coverage for plan year 2021: The effective dates of the 2020 FEHB “open season” enrollments and changes in enrollment are as follows: “Open season” is also the time that an employee or an annuitant can elect to drop out of the FEHB program. While the employees of Serving Those Who Serve are familiar with the tax provisions of the issues presented herein, as Financial Advisors of RJFS, we are not qualified to render advice on tax or legal matters. A child who was disabled before age 26 is eligible to stay on the parent’s FEHB insurance past age 26. About Jessie Bur Jessie Bur covers federal IT and management. The effective dates of open season enrollment actions will not be delayed due to COVID-19.”. Over 200 health insurance plan choices are offered under the FEHB program. Enrollees who wish to cover one eligible family member are free to elect either the Self and Family or Self Plus One enrollment type. Open Season for the Federal Employees who are currently in the FEHB program may change FEHB plans, type of enrollment, adding a family member to coverage  for reasons other than a life event, and change “premium conversion” status that affects the way FEHB premiums are deducted from their salaries; namely, before-tax or after tax. Every year starting on the second Monday of November and continuing through the second Monday of December, the Office of Personnel Management (OPM) sponsors a benefits “open season” in which federal employees and annuitants make decisions for plan (calendar) year 2021 regarding their health, dental and vision insurance coverage, and employees make decisions with respect to their participation in flexible spending accounts also during the 2021 plan (calendar) year. This may include information on your email signature line, lunch and learn sessions, and social media,” it said in a notice that includes materials for agencies to provide to employees. The federal government pays on average 72 to 75 percent of the employee’s or annuitant’s total FEHB premium with the employee or annuitant paying the other 25 to 28 percent. | Theme: Newsup by Themeansar. OPM previously had announced the addition of several new plans for 2021 in the FEDVIP program. Here you will find all the resources you need to make informed decisions about your health, dental, vision, or flexible spending account benefits. This is the first of eight FEDZONE columns discussing choices that employees and annuitants have to make during the benefits “open season”. If you are using assistive technology to view web content, please ensure your settings allow for the page content to update after initial load (this is sometimes called "forms mode"). Getting Ready for the 2020 Federal Employee Benefits “Open Season” – Part I, 2019 Federal Income Tax Returns Filing Deadline is Less Than 10 Days Away, Choosing the Right FEHB Health Insurance Plan for 2021, What the 2021 1.3 Percent COLA Means to Federal Employees and Retirees, https://blog.stwserve.com/podcast-player/4894/fedlife-podcast-ep-36-cola-health-insurance-and-fehb-open-season.mp3, Union Sues President Over Executive Order, Choosing When to Withdraw Social Security. Raymond James is not affiliated with and does not endorse the opinions or services of Edward A. Zurndorfer or EZ Accounting and Financial Services. The open season also applies to the flexible spending account program, in which employees—but not retirees—can elect health care and/or dependent care accounts. In an annual notice to agencies telling them to prepare for open season, OPM told agencies that they are “responsible for ensuring that your employees are aware of the dates of open season, how to make changes, and which changes they can make” for the 2021 plan year. This column discusses choices regarding group health insurance coverage for employees and annuitants offered through health insurance plans participating in the Federal Employees Health Benefits (FEHB) program. But annuitants who drop out of the FEHB program are not permitted to reenroll, even if there is a life event such as loss of their coverage through a non-FEHB health insurance plan, enrolling in Medicare, or getting divorced and losing health insurance coverage through the ex-spouse. These plans include fee-for-service plans, preferred provider organization (PPO) plans, health maintenance organization (HMO) plans, point-of-service (POS) plans, which are a combination of PPO’s and HMO’s. This year that date will be Jan. 3, 2021 at most Federal agencies, regardless whether the employee is in pay status. It makes no difference which FEHB program health insurance plan or type of enrollment (self only, self plus one, self and family). Monday December 14, 2020 for the Federal Employees Dental and Vision Insurance Program (FEDVIP) You should discuss tax or legal matters with the appropriate professional. That follows a pay period during any part of which the employee was in pay status.

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