FLEXIBLE SPENDING ACCOUNTS (FSAFEDS) NEWS
The Office of Personnel Management (OPM) wishes to make you aware of incidences of fraud related to the FSAFEDS Program. FSAFEDS has identified a limited number of unauthorized health care FSA and dependent care FSA enrollments, leading to unauthorized and unexpected deductions from employees’ pay.
OPM has referred this matter to OPM's Office of the Inspector General (OIG). Out of an abundance of caution, OPM has temporarily disabled the enrollment functionality of the FSAFEDS platform.
Read More about FLEXIBLE SPENDING ACCOUNTS (FSAFEDS) NEWSCHILD TURNING AGE 26 – THE EFFECT ON HEALTH INSURANCE COVERAGE
When your child reaches age 26, he or she is no longer eligible to be covered under your health benefits enrollment, unless your child is incapable of self-support because of a mental or physical disability that existed before age 26. If your child turning age 26 means that you have no other eligible family members, or you have only one remaining eligible family member, you must submit a
Read More about CHILD TURNING AGE 26 – THE EFFECT ON HEALTH INSURANCE COVERAGECHILD TURNING AGE 22 – THE EFFECT ON LIFE INSURANCE COVERAGE
When your child reaches age 22 (or marries before age 22) he or she is no longer eligible to be covered under your life insurance family enrollment, except as indicated below.
Read More about CHILD TURNING AGE 22 – THE EFFECT ON LIFE INSURANCE COVERAGECHILD TURNING AGE 22 – THE EFFECT ON DENTAL AND VISION INSURANCE COVERAGE
When your child reaches age 22 (or marries before age 22), he or she is no longer eligible to be covered under your Federal Employees Dental and Vision Insurance Program (FEDVIP) enrollment, unless your child is incapable of self-support due to a mental or physical disability that existed before age 22. If your child turning age 22 means that you have no other eligible covered family members, or you have only one remaining eligible family member under your “Self and Family” enrollment, you must notify BENEFEDS at
Read More about CHILD TURNING AGE 22 – THE EFFECT ON DENTAL AND VISION INSURANCE COVERAGEREDUCING OR CANCELLING YOUR FEDERAL EMPLOYEES GROUP LIFE INSURANCE (FEGLI) COVERAGE
You may reduce or cancel your FEGLI coverage at any time by completing the Life Insurance Election Form, SF 2817, and submitting it to your Benefits Contact. If you want to reduce life insurance, sign only for the coverage you want to keep.
Read More about REDUCING OR CANCELLING YOUR FEDERAL EMPLOYEES GROUP LIFE INSURANCE (FEGLI) COVERAGEHEALTH INSURANCE PREMIUMS IN RETIREMENT
You will pay the same health insurance premiums in retirement that you paid while you were an employee. However, annuitants are paid on a monthly basis, so you will pay your premiums at the monthly rate. In retirement, the government’s contribution towards your premium will continue to be the same.
Read More about HEALTH INSURANCE PREMIUMS IN RETIREMENTTHE GRB PLATFORM SYSTEM
The GRB Platform provides you with information about retirement and your benefits. It offers a self-service tool that allows you to view a personalized statement of your benefits and it has a retirement calculator that you may use to perform “what-if” scenarios. It also provides access to a comprehensive reference library and informational seminars on topics related to benefits, retirement, and financial planning.
Read More about THE GRB PLATFORM SYSTEMSOCIAL SECURITY – KNOW YOUR BENEFITS
The Social Security Administration (SSA) provides online tools and resources to help you understand your Social Security benefits. You can find information and online tools to help you understand your potential benefits on the SSA webpage here. Additionally, you can use the online services webpage to:
Read More about SOCIAL SECURITY – KNOW YOUR BENEFITS