Here’s what you should know:
- HDHPs generally offer lower premiums than other plans. This means you’ll have less money taken out of your paycheck.
- HDHPs give you greater flexibility. While HDHPs have higher annual deductibles and out-of-pocket limits than other Federal Employees Health Benefits Program (FEHB) plans, they have features that help you pay your medical expenses, including the ability to pay expenses on a pretax or tax deductible basis.
- HDHPs work with HSAs and HRAs. With HDHPs, a portion of your premium or a credit is automatically deposited into your health savings account (HSA) or health reimbursement arrangement (HRA).
Any unused money in your HSA rolls over from year to year and stays with you, even if you change plans or leave the Postal Service.
The Open Season LiteBlue page has more information.
Open season, the annual period when you can make changes to your health coverage, runs through Monday, December 9.