Today is the OPM specified deadline for FEHB plan carriers to submit their 2019 benefit and rate proposals to the agency. No doubt carriers are breathing a sigh of relief. The agency now must evaluate the proposals and eventually reach agreement with the carriers over the next six to eight weeks.
In September, OPM announces the 2019 maximum government contribution. Under FEHB Act Section 8906, the government contribution is capped at 75% of the selected plan’s premium. Federal employees and annuitants will be able to select their 2019 plan during Federal Benefits Open Season that runs from mid-November to mid-December.