Open Season 2023 is here. Try out a few comparison tools now, and save more than a few dollars next year.
Feds, Open Season for next year is well underway. It runs from Nov. 14 to Dec. 12—and is your key opportunity to adjust your health insurance and the other benefits in such a way that you make sure that you and your family continue getting what you need while also, in many cases, taking advantage of annual changes and options in programs to save some money.
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?
Answers: First, because Open Season is when next year’s insurance and benefits, and their costs, are defined and published and it is when you are permitted to reevaluate and tailor your benefits to avoid excess charges. Second, because of change—every new year many health, dental and vision and other benefit plans change. So you need to note what coverages you already have and what they cost, and compare those to what other—and often new—options and prices are available.
Bottom line: Do yourself a favor, and make good choices for 2023. Start by consulting online resources—beginning with write-ups on the Federal Employee Health Benefits Program (FEHBP) and others on FederalSoup benefits pages—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, you might start by going to this site—OPM’s informational pages that offer links to pages with information broken down by state and health insurance plan.
In short, as of our publication date, you still have a few weeks to weigh your options and lock in new selections.