OPM Director: Be careful not to leave savings on the table during Open Season ...

In 2022, less than 20% of employees across agencies used the Federal Flexible Spending Account Program, according to OPM.

In 2022, less than 20% of employees across agencies used the Federal Flexible Spending Account Program, according to OPM. Inverse Couple Images/Getty Images

The advice from the head of the Office of Personnel Management comes as part of a roundup of pay and benefits news.

Office of Personnel Management Director Kiran Ahuja urged federal employees to check their finances and reassess their benefits during the upcoming federal benefits Open Season, which runs Nov. 14 through Dec. 12.

“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,” Ahuja stated in a press release. “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.”

Those with upcoming surgeries, children on the way, prescription medication and vision care needs are encouraged to take that into account during Open Season, and plan accordingly. It’s estimated that 2.5% of enrolled workers changed health coverage in 2021’s Open Season, with 0.6% of enrollees switching health insurance carriers.  

Federal employees can save money through the Federal Flexible Spending Account Program, FSAFEDS, which allows workers to set aside an annual pre-tax amount that they estimate spending on out-of-pocket health care costs. In 2022, less than 20% of employees across agencies used the FSAFEDS program, according to OPM.

The Federal Employee Health Benefits Program has over 8 million enrollees, making it the largest employee-sponsored health benefits program in the world. The overall increase in premiums for most FEHBP enrollees is 7.2% for 2023. 

The FEHBP features 271 health plans for 2023. OPM asked FEHBP carriers to focus on COVID-19, telehealth, maternal health, gender-affirming care and services, obesity, preventive services, assisted reproductive technology, and medical foods.

Feds can find FEHBP information and compare plans on OPM’s website.

2022 Combined Federal Campaign National Co-Chairs 

Veterans Affairs Secretary Denis McDonough and Office of Personnel Management Director Kiran Ahuja, will serve as national honorary co-chairs of this year’s Combined Federal Campaign.

The CFC allows federal workers to donate directly to thousands of charities or causes in the United States and around the world. The 2022 campaign runs Sept. 1 to Jan. 14, and each week features a different cause, such as disaster relief or mental health. Earlier this year, a special solicitation to help people affected by the war in Ukraine raised $670,000.

“Through the tremendous generosity of the federal family each year, the Combined Federal Campaign demonstrates that a commitment to service can take many forms,” Ahuja said. “The impact and spirit of the Combined Federal Campaign extends far beyond the workplace and is kept alive by dedicated public servants in communities across the nation and around the world. I look forward to another successful campaign season.”

Federal workers and retirees can pledge to any charity or cause by visiting the pledge portal at givecfc.org

“America’s great public servants always step up when the country needs them most, whether it’s through their day-to-day work or their generous giving. I know that same spirit of compassion and selflessness will shine through during this year’s campaign,” McDonough said.  

Last year, the CFC raised more than $80 million. Since its inception 61 years ago, federal workers and retirees have pledged more than $8.6 billion to CFC charities.

This piece was published first on GovExec, a FederalSoup partner site ("OPM Director Urges Enrollees Not To Leave Savings on the Table During Open Season, and More.") 

NEXT STORY: U.S. military will pay for troops to travel for abortions

X
This website uses cookies to enhance user experience and to analyze performance and traffic on our website. We also share information about your use of our site with our social media, advertising and analytics partners. Learn More / Do Not Sell My Personal Information
Accept Cookies
X
Cookie Preferences Cookie List

Do Not Sell My Personal Information

When you visit our website, we store cookies on your browser to collect information. The information collected might relate to you, your preferences or your device, and is mostly used to make the site work as you expect it to and to provide a more personalized web experience. However, you can choose not to allow certain types of cookies, which may impact your experience of the site and the services we are able to offer. Click on the different category headings to find out more and change our default settings according to your preference. You cannot opt-out of our First Party Strictly Necessary Cookies as they are deployed in order to ensure the proper functioning of our website (such as prompting the cookie banner and remembering your settings, to log into your account, to redirect you when you log out, etc.). For more information about the First and Third Party Cookies used please follow this link.

Allow All Cookies

Manage Consent Preferences

Strictly Necessary Cookies - Always Active

We do not allow you to opt-out of our certain cookies, as they are necessary to ensure the proper functioning of our website (such as prompting our cookie banner and remembering your privacy choices) and/or to monitor site performance. These cookies are not used in a way that constitutes a “sale” of your data under the CCPA. You can set your browser to block or alert you about these cookies, but some parts of the site will not work as intended if you do so. You can usually find these settings in the Options or Preferences menu of your browser. Visit www.allaboutcookies.org to learn more.

Sale of Personal Data, Targeting & Social Media Cookies

Under the California Consumer Privacy Act, you have the right to opt-out of the sale of your personal information to third parties. These cookies collect information for analytics and to personalize your experience with targeted ads. You may exercise your right to opt out of the sale of personal information by using this toggle switch. If you opt out we will not be able to offer you personalised ads and will not hand over your personal information to any third parties. Additionally, you may contact our legal department for further clarification about your rights as a California consumer by using this Exercise My Rights link

If you have enabled privacy controls on your browser (such as a plugin), we have to take that as a valid request to opt-out. Therefore we would not be able to track your activity through the web. This may affect our ability to personalize ads according to your preferences.

Targeting cookies may be set through our site by our advertising partners. They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites. They do not store directly personal information, but are based on uniquely identifying your browser and internet device. If you do not allow these cookies, you will experience less targeted advertising.

Social media cookies are set by a range of social media services that we have added to the site to enable you to share our content with your friends and networks. They are capable of tracking your browser across other sites and building up a profile of your interests. This may impact the content and messages you see on other websites you visit. If you do not allow these cookies you may not be able to use or see these sharing tools.

If you want to opt out of all of our lead reports and lists, please submit a privacy request at our Do Not Sell page.

Save Settings
Cookie Preferences Cookie List

Cookie List

A cookie is a small piece of data (text file) that a website – when visited by a user – asks your browser to store on your device in order to remember information about you, such as your language preference or login information. Those cookies are set by us and called first-party cookies. We also use third-party cookies – which are cookies from a domain different than the domain of the website you are visiting – for our advertising and marketing efforts. More specifically, we use cookies and other tracking technologies for the following purposes:

Strictly Necessary Cookies

We do not allow you to opt-out of our certain cookies, as they are necessary to ensure the proper functioning of our website (such as prompting our cookie banner and remembering your privacy choices) and/or to monitor site performance. These cookies are not used in a way that constitutes a “sale” of your data under the CCPA. You can set your browser to block or alert you about these cookies, but some parts of the site will not work as intended if you do so. You can usually find these settings in the Options or Preferences menu of your browser. Visit www.allaboutcookies.org to learn more.

Functional Cookies

We do not allow you to opt-out of our certain cookies, as they are necessary to ensure the proper functioning of our website (such as prompting our cookie banner and remembering your privacy choices) and/or to monitor site performance. These cookies are not used in a way that constitutes a “sale” of your data under the CCPA. You can set your browser to block or alert you about these cookies, but some parts of the site will not work as intended if you do so. You can usually find these settings in the Options or Preferences menu of your browser. Visit www.allaboutcookies.org to learn more.

Performance Cookies

We do not allow you to opt-out of our certain cookies, as they are necessary to ensure the proper functioning of our website (such as prompting our cookie banner and remembering your privacy choices) and/or to monitor site performance. These cookies are not used in a way that constitutes a “sale” of your data under the CCPA. You can set your browser to block or alert you about these cookies, but some parts of the site will not work as intended if you do so. You can usually find these settings in the Options or Preferences menu of your browser. Visit www.allaboutcookies.org to learn more.

Sale of Personal Data

We also use cookies to personalize your experience on our websites, including by determining the most relevant content and advertisements to show you, and to monitor site traffic and performance, so that we may improve our websites and your experience. You may opt out of our use of such cookies (and the associated “sale” of your Personal Information) by using this toggle switch. You will still see some advertising, regardless of your selection. Because we do not track you across different devices, browsers and GEMG properties, your selection will take effect only on this browser, this device and this website.

Social Media Cookies

We also use cookies to personalize your experience on our websites, including by determining the most relevant content and advertisements to show you, and to monitor site traffic and performance, so that we may improve our websites and your experience. You may opt out of our use of such cookies (and the associated “sale” of your Personal Information) by using this toggle switch. You will still see some advertising, regardless of your selection. Because we do not track you across different devices, browsers and GEMG properties, your selection will take effect only on this browser, this device and this website.

Targeting Cookies

We also use cookies to personalize your experience on our websites, including by determining the most relevant content and advertisements to show you, and to monitor site traffic and performance, so that we may improve our websites and your experience. You may opt out of our use of such cookies (and the associated “sale” of your Personal Information) by using this toggle switch. You will still see some advertising, regardless of your selection. Because we do not track you across different devices, browsers and GEMG properties, your selection will take effect only on this browser, this device and this website.