Most federal employees are eligible to participate in the Federal Employees Health Benefits Program (FEHBP). This program allows federal employees to select from a variety of health insurance plans. Each insurance plan is sponsored by individual insurance companies and is designed to meet the specific needs of federal employees and their families.
In general, federal employees may choose between Group Annuity, High Option, Low Option, and Self Plus One Option plans. The types of plans and premiums vary depending upon the state in which the employee works. Here are the details about each type of plan:
Group Annuity: This is the most popular and most affordable type of health insurance plan for federal employees and their families. It covers a wide range of services and benefits, including hospitalization, doctor visits, preventative care, and prescription drugs.
High Option: This plan gives employees more comprehensive coverage than the Group Annuity plan. It also covers a wide range of services and benefits, but with greater levels of coverage than the Group Annuity plan.
Low Option: This plan offers less comprehensive coverage than the Group Annuity and High Option plans. It generally has lower premiums, but the coverage is not as comprehensive.
Self Plus One Option: This plan is designed for employees who have one dependent. It provides coverage that is similar to the Group Annuity and High Option plans, but with lower premiums.
Federal employees can compare the different plan options to find the best plan that meets their needs. All FEHBP plans are required to offer certain essential health benefits. For more information about FEHBP and to compare plan options, visit https://www.opm.gov/healthcare-insurance/healthcare/plan-information/