Federal Employee Health Benefits Program Premiums To Increase
Federal Employee Health Benefits
Health insurance premiums for federal employees, retirees and dependents enrolled in the Federal Employees Health Benefits Program will increase by an average of 2.1% in 2008, compared with an increase of 1.6% in 2007, the Office of Personnel Management announced on Thursday, the Washington Postreports. OPM officials said that they will use part of the financialreserves of FEHBP and will increase some deductibles to prevent alarger increase in health insurance premiums for FEHBP members.
Inthe private sector, employer-sponsored health insurance premiumsincreased by an average of 6% in 2007. OPM Director Linda Springersaid, "If history is any kind of indicator, we expect that we willcontinue to compare favorably, and federal employees will continue toexperience a smaller percentage increase, on average, in their premiumsthan what their counterparts outside of the federal plan willexperience."
Dental insurance premiums for FEHBP members willincrease by an average of 6.1% in 2008, and vision coverage premiumswill increase by 0.7%, Springer said. According to OPM, in 2008, FEHBPwill offer about 283 health plans that will cover about eight millionmembers (Barr, Washington Post, 9/14).
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