Covering more than 2.1 million federal workers, 1.9 million retirees and 4.1 million family members, the FEHBP is the biggest employer-sponsored health insurance program in the country.
Federal employees and retirees will be forking over more cash in 2020 for their health coverage, with premiums expected to increase 5.6 percent.
There will also be a wider choice of plans available, according to the government, the Washington Post reports. Officials have characterized the increase in premiums as in line with what other large employers expect for next year: increases ranging from 4.5 to 6.5 percent. And recent increases in the Federal Employees Health Benefits Program, the Post added, are also in the same ballpark, "although well above the 1.5 percent [increase] for 2019."
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Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
