Federal employee health insurance premiums in 2016 will see their largest increase in five years. Here is a summary and how those electing self plus one may fare next year.
The author lists five insurance options federal employees should consider when leaving federal employment, whether for retirement or for other reasons.
Health insurance premiums for 2016 may go up about 7% for 2016. But, for those in new self plus one option, costs may decrease about 6% according to a government estimate.
Most federal employees are aware that, in order to carry your FEHB into retirement, you have to have been enrolled for the five-year period immediately preceding retirement (with few exceptions). There is generally a great advantage in being able to carry your FEHB into retirement, but there are some things to keep in mind in order to be able to do this.
Many federal employees consider leaving their positions for various reasons. The author provides a summary of what you can expect to happen to your benefits should you leave your job before retiring.