Premiums in the health-care program for federal employees and retirees will increase by 8.7 percent on average for 2023 — the largest increase in more than a decade, the government announced Friday.
the Office of Personnel Management. “This is consistent with the larger market and reflects the impact of the COVID pandemic,” OPM said.
The FEHBP will have 271 participating plans in 2023, about the same as currently, with the large majority available only regionally. About two-thirds of federal health-care enrollees are in one of three nationwide plans offered by Blue Cross Blue Shield. In the largest of those, the “Basic” plan, the employee cost is increasing by $6.49 biweekly to $86.67 for self-only coverage; by $21.77 to $217.90 for self plus-one; and by $25.62 to $237.91 for family coverage. Retirees pay the same rates but on a monthly basis rather than biweekly.During open enrollment season, Nov. 14 to Dec. 12, enrollees will be able to change plans.
“This will be the highest increase in FEHB premiums since 2011, and it comes as enrollees must deal with high inflation across the board,” National Active and Retired Federal Employees Association President Ken Thomas said in a statement.
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