While many federal employees go on autopilot when it comes to their benefits selections, Kevin Moss, director of marketing at Checkbook Health, says there are substantial changes coming for 2023 that you might want to consider.
- Premiums are going up an average of 8.7 percent in 2023, but every plan is different, Moss said.
- Moss recommends federal employees take advantage of flexible spending accounts, which allow employees to set aside money from each paycheck to be used for health care expenses such as co-pays and over-the-counter medication.
- A piece of advice for federal employees during Open Season, Moss said, is to check your plan because “your plan in 2023 will be different than the plan you have in 2022.”
SEE ALSO | How to compare plans during Open Season for the Federal Employees Health Benefits Program
DORCHESTER - APRIL 05: Dominique Entzminger, a physician assistant of family medicine, wears a stethoscope during an examination at the Codman Square Health Center April 5, 2006 in Dorchester, Massachusetts. State lawmakers approved a health care reform bill March 4 that would make Massachusetts the first state in the nation to require all its citizens have some form of health insurance. Governor Mitt Romney is scheduled to sign the bill next week. (Photo by Joe Raedle/Getty Images)
WASHINGTON, DC - OCTOBER 5: Sunrise at the U.S. Capitol as the federal government shut down goes in to its fifth day on October 5, 2013 in Washington, DC. The House will vote today on the measure to restore back pay to federal employees who have been furloughed during the shutdown before recessing until Monday. The vote is expected to pass with bipartisan support. (Photo by Chris Maddaloni/Getty Images)
