Wednesday, November 28, 2018

Open Season Closes in 13 Days

Employees have 13 days to change their health coverage or enroll in a new plan.

Open Season, the annual period when USPS employees can make benefits changes, ends Monday, December 10.

Employees can choose from a variety of health, vision and dental coverage through the following programs and plans:

·  Federal Employees Health Benefits Program (FEHB)
·  USPS Health Benefits Plan (USPSHBP) for non-career employees only
·  Federal Employees Dental and Vision Insurance Program (FEDVIP)
·  Flexible Spending Accounts (FSAs)

The Open Season LiteBlue page has information and resources, including Frequently-Asked Questions, informational videos and a link to a health plan comparison tool from Checkbook’s Guide to Health Plans.

Employees may contribute more money to a Flexible Spending Account (FSA) in 2019.

Under a recent IRS change, the maximum employee contribution for FSAs will change from $2,650 to $2,700. The increase will take effect January 1.

An FSA allows an employee to set aside money before taxes to cover eligible medical, pharmacy, dental and vision expenses.

You can only enroll or re-enroll in an FSA during Open Season, now through December 10. To enroll or re-enroll in the FSA program, use the FSA Feds site.

No comments: