Participants in the Federal Employees Health Benefits Program (FEHBP) will see a significantly larger increase to their health premium costs in 2023, compared with the last few years.
Federal employees and retirees, on average, will pay 8.7% more in health premiums, the Office of Personnel Management announced on Sept. 30.
This year’s upcoming open season runs Nov. 14 to Dec. 12. During that time, FEHBP participants can make changes to their health, dental and vision plans for the upcoming benefit year, which begins on Jan. 1. FEHBP participants can see more details about the rates on OPM’s website.