National Treasury Employees Union: Health Insurance Costs for Federal Employees to Increase in 2022
Federal employees and retirees on average will pay 3.8 percent more for health insurance in 2022, a lower price increase than last year but still a noticeable cut to take-home pay for federal employees around the country.
Federal Employees Health Benefits Program (FEHB) enrollees who purchase health insurance for themselves and their families will pay
OPM said that nearly 94 percent of FEHB enrollees will see an increase in premiums of 5 percent or less, a major improvement over 2021 rates when more than half of enrollees saw premiums jump 5 percent or higher.
"Clearly the administration did a better job holding down the employees' share of premium costs in the FEHB program for 2022, and we commend that progress," said NTEU National President
Open season for federal employees to re-enroll or change their health insurance for next year starts
For employees who enroll in the nationwide
OPM reports that price increases are in part caused by prescription drug prices, so NTEU continues to encourage
OPM also reports that the employer's share of FEHB premiums will increase 1.9 percent, for an overall average premium increase of 2.4 percent.
NTEU represents about 150,000 employees in 34 federal agencies and departments.
AM Best Revises Outlooks to Positive for Wayne Cooperative Insurance Company
American Property Casualty Insurance Association: Illinois Successfully Launches Electronic Automobile Insurance Verification System
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News