Premiums go up; benefits go down. That's been my story for the whole of my government career.
I guess my Social Security check will help cover my FEHB insurance increase.
May the force be with us.
Premiums go up; benefits go down. That's been my story for the whole of my government career.
Scott Harrison
Senatobia, MS
Federal Employees Will Pay 8.7% More Toward Health Care Premiums Next Year
The Office of Personnel Management said increased use of health care services as the COVID-19 pandemic has waned has led to the sharpest uptick in health insurance premiums in more than a decade.
ERICH WAGNER | 1 HOURS AGO
Federal employees and retirees will spend an average of 8.7% more on their health insurance premiums in 2023, a figure that marks the highest cost increase in more than a decade.
The government’s share of Federal Employees Health Benefits Program premiums will increase by an average of 6.6%, bringing the overall increase to 7.2%, according to an OPM document obtained by Government Executive. That overall premium increase is the highest the nation’s largest health insurance program has seen since costs increased 9% in 2011.
On average, federal employees enrolled in “self-only” plans will pay an additional $8.11 per bi-weekly pay period, while feds in “self plus one” insurance plans will pay $20.34 more per pay period. Federal workers enrolled in family coverage will pay an average of $20.87 more per pay period in 2023.
For the Federal Employees Dental and Vision Insurance Program, the average premium for dental plans will increase by 0.21%, while the overall average premium for vision coverage will decrease by 0.41%.
More: https://www.govexec.com/pay-benefits...t-year/377915/
DAMMIT!
I'm up around 10%. Hopefully everybody else's is less.
Funny, I don't recall seeing my premiums go down when we were using fewer medical services.OPM also cited an increase in usage of health care services, following a period earlier in the pandemic when enrollees used fewer medical services.
Can't we just ban forks?Insurers are also required to provide “adequate coverage” of anti-obesity medications.
So I just finally found the OPM pages.
My Blue Cross Basic, self plus one, is rising from :
$424 per month in 2022
To
$472 per month in 2023.
I’m curious- I’m not yet 65. I CAN get TrI-care select ( I’m retired Guard) but I have to pay a small amount.
Anybody know- can you cover your spouse under Tricare select (from age 60 to 65 it is select, at 65 it turns into Tricare for life) ?
What does Tricare Select not cover than Blue Cross basic does?
I’ve been spoiled the last ten years and not paying enough attention to insurances . Been always covered for everything under combined Blue Cross basic and VA coverage. I don’t want to drop everything except VA, because I think that might lead to issues of $$$ outflow .
Thoughts?
Healthcare-
VA , or VA plus Tricare, or VA plus Blue Cross Basic For myself.
Wife is a veteran but doesn’t get any VA. So I have to EITHER bolster VA with Blue Cross Basic; or with TriCare select.
Sent from my iPhone using TSP Talk Forums
State makes a huge difference. Previous plan actually going down slightly for 2023, but it's still almost twice the price I pay now. All things considered it's still better than any other option I have to choose from for my family.
And no, I wouldn't ever consider purchasing the cheapest option either.
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