The 2015 Federal Benefits Open Season for the 2016 plan enrollments in the Federal Employees Health Benefits (FEHB) Program, Federal Employees Dental and Vision Insurance Program (FEDVIP) and Federal Flexible Spending Account Program (FSAFEDS) will run from Monday, November 9, 2015 through Monday, December 14, 2015.
Review the FEHB 2016 plan brochures by states before enrolling. The OPM website has additional information regarding healthcare. Employees are encouraged to visit the OPM Healtcare website for more complete and comprehensive information regarding the open season.
During the open season, eligible employees may make any of the following four benefit choices:
OPM will provide additional online materials, such as FASTFACTS and premium charts for Temporary Continuation of Coverage (TCC) enrollees and former spouses enrolled under Spouse Equity.
The individual shared responsibility (ISR) provision calls for each individual to have qualifying health care coverage (known as minimum essential coverage (MEC)) for each month of the year, qualify for an exemption, or make a payment when filing his or her federal income tax return. The provision applies to individuals of all ages, including children. Individuals who do not have qualifying minimum essential coverage and who do not qualify for an exemption will need to make an individual shared responsibility payment for each month they do not have adequate coverage. The fee will be collected when tax returns are filed.
For the 2015 tax year, the Defense Finance and Accounting Service (DFAS) agency is required to furnish a Form 1095-C to each employee. MyPay has been updated to allow you to elect to receive this tax form electronically. Electronic delivery is the fastest and most secure method to receive your 1095-C once it becomes available in January of 2016.
Civilian employees are highly encouraged to log into MyPay to turn on electronic delivery. Go to MyPay and from the main menu of MyPay, select "Turn On/Off Hard Copy of IRS Form 1095." Please opt in to receive an electronic copy no later than December 31, 2015. For more information on the ACA and tax reporting requirements visit the IRS website. For additional details tax information visit DFAS website .
If you have questions about logging into MyPay and/or making changes to your electronic elections in MyPay, contact the DFAS Centralized Customer Support Unit at 1-888-DFAS411 or 1-888-332-7411 and select option #5.
All FEHB plans are eligible employer-sponsored plans and provide minimum essential coverage (MEC).
Participation in the FEHB program is voluntary. The FEHB Program provides comprehensive health insurance. Employees can choose from a variety of plan types such as:
Feel free to view the Individual plan brochures at the OPM site. If you have specific benefits questions not answered by the individual plan brochure you should contact the plan directly. Feel free to review Information about FEHB premiums.
Premium Conversion is a tax benefit that reduces taxable income by allowing you to pay for health insurance on a pre-tax basis. Instead of deducting your insurance premium from your salary, that portion of your salary is used to purchase the benefit thereby reducing an employee's taxable income by the amount of the health insurance premium. This is called FEHB Premium Conversion (FEHB-PC). If you are participating in FEHB-PC, the remarks section of your biweekly Leave and Earnings Statement will include the statement "Pretax FEHB exclusion $XXX.XX."
During Open Season eligible employees may also elect to waive participation or begin participation in Premium Conversion. Employees who enroll in FEHB will automatically be covered by FEHB-PC unless participation is waived. Employees who elect to participate in Premium Conversion may only make changes or cancel coverage during the Federal Benefits Open Season or upon a qualifying life event.
The U.S. Office of Personnel Management (OPM) announced that premiums for the 2016 Federal Employees Health Benefits (FEHB) Program will rise by an average of 6.4 percent.
Questions pertaining to this information should be emailed to the DoDEA HQ Benefits Branch.