The Office of Personnel Management (OPM) announced on September 29, 2021, that federal employees will pay 3.8 percent more to healthcare premiums next year as a result of specialty drugs, treatments for chronic illnesses, and the COVID-19 pandemic.

The Postal Service Reform Act of 2021, introduced in the House by House Oversight and Reform Committee Chairwoman Carolyn Maloney (D-NY) and Ranking Member James Comer (R-KY), could raise health insurance costs for both employees and retirees in the federal workforce.

With only a few days left of Open Season, you still have a chance to reduce your health insurance costs. Let the federal benefits experts at NARFE help you save money!

With Open Season for federal employees running November 9 through December 14, 2020, now’s the perfect time to think about what you want from your health plan. At the Blue Cross and Blue Shield Federal Employee Program, we offer the coverage and benefits to help you live healthy every day. That includes our Basic Option, that gives you great in-network coverage with no deductible.

Participants in the Federal Employees Health Benefits Program (FEHBP) can expect to pay higher premiums in 2021, with an expected average increase of 4.9%. On average, federal employees will pay $7.89 more toward their health premiums per biweekly pay period next year. This hike is lower than that of last year, which was an increase of 5.6%.