![]() Further information on the FEDVIP Program It does not matter if you are actually enrolled in FEHB - eligibility is the key. They may enroll in a plan for Self Only, Self plus one, or Self and family coverage.Įmployees must be eligible for the FEHB Program in order to be eligible to enroll in FEDVIP. New and newly-eligible employees can enroll during the 60 days after they become eligible.Įligible individuals can enroll in a dental plan and/or a vision plan. There are twelve dental plans and five vision plans to choose from. Premiums for enrolled Federal and Postal employees are withheld from salary on a pre-tax basis. This Program allows dental and vision insurance to be purchased on a group basis which means competitive premiums and no pre-existing condition limitations. The Federal Employees Dental and Vision Insurance Program (FEDVIP) is available to eligible Federal and Postal employees, retirees, and certain uniformed service members and their family members on an enrollee-pay-all basis. ![]() Premium Conversion Frequently Asked Questions.You do have a choice, though, to waive premium conversion despite the savings. The payroll office will sign you up for Premium Conversion automatically. In most cases, you'll also save on State income tax and local income tax. This means you save on Federal income tax and FICA taxes (Social Security and Medicare taxes). Premium Conversion is a "pre-tax" arrangement that allows the part of your salary that goes for health insurance premiums to be non-taxable. Detailed guidance for new employees is found in the Eligibility and Election and the Enrollment chapters of the FEHB Handbook.For assistance in choosing a health plan, see our Plan information pages.Federal Employees Health Benefits Program website.The policy will begin coverage on the effective date, however, and will cover expenses that occur on or after that date, even for conditions occurring before that date (pre-existing condition coverage). There is no retroactive coverage of your expenses prior to the effective date of your enrollment. The Federal Employees Health Benefits (FEHB) Program is one of the most valuable benefits of Federal employment, but coverage is not automatic - you must enroll in one of the more than 100 available health plans in order to be covered.Īlthough you have 60 days to enroll, it is to your advantage to make this election soon in order to be covered in case of accident or illness. You need to consider this in cancelling any other health insurance coverage you may already have, and for scheduling doctor visits or tests. You cannot be reimbursed for any medical expenses incurred prior to the effective date. Thus the earliest your health insurance can possibly become effective is the beginning of the pay period that begins after the pay period in which you are hired. Once this requirement has been met your enrollment will become effective on the first day of the first pay period that begins after your employing office receives your enrollment request. Flexible Spending Accounts Toggle submenuĮnrollment is not retroactive, and it cannot be made effective the day you enter on duty as you must have been in a pay status during some part of the pay period which precedes the one in which your enrollment becomes effective.Federal Employees Receiving Premium Conversion Tax Benefits.Transparency in Healthcare Toggle submenu.Coordination of Medicare and FEHB Benefits.Changes in Health Coverage Toggle submenu.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |