Open Season, which runs from Nov. 14 to Dec. 12 this year, can be an opportunity to adjust your health insurance and the other benefits that you need—while also saving some money.
Feds, next week we start Open Season—the month-long stretch each autumn when you can—and often should—modify or select totally new health insurance and other benefits options for the new year.
For the new year starting Jan. 1, 2023, you have from Nov. 14 to Dec. 12 to make your selections.
And what a range of options to choose from! We’ll get to those. But first, the basics.
Why is Open Season so important? And how can a little bit of quick research help you make the most of your benefits?
The answer: First, because Open Season is your chance to reevaluate and tailor your benefits—and, importantly in this time of inflation, trim out-of-pocket costs—avoiding excess charges. Second, because each year health, dental and vision and other benefit plans change, and you need to be up on what they cover.
So, let’s make good choices for 2023. Start by consulting our resources—beginning with write-ups on the Federal Employee Health Benefits Program (FEHBP) and others on FederalSoup—as well as OPM’s Open Season home page. Take advantage, too, of FEHBP’s online information and related resources to optimize your choices.
“Tens of thousands of enrollees are potentially leaving valuable savings on the table by not taking advantage of Open Season to review their health care coverage and ensure they are receiving the most out of their benefits for themselves and their family,” Kiran Ahuja, OPM’s Director said recently. “Ask yourself – how have my or my family needs changed this past year, and then utilize the Open Season enrollment period to conduct a wellness or financial check-up to make an informed decision that gets you the best care.”
To see what’s going on with your health care choices, go to https://www.opm.gov/healthcare-insurance/healthcare/plan-information/plans/ OPM’s informational pages that offer links to pages with information broken down by state and health insurance plan.
In the coming weeks, we’ll bring you several more articles offering links to information resources and insights on making the best selections for your healthcare and other benefits. So, let’s get started—Open Season is just around the corner.
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