The Federal Employees Health Benefits Program is a system which administered by the United States Office of Personnel Management (OPM). This program offering the health care and help you in health insurance which covered more than 9 million people. If you are curious about the latest federal employee health benefits 2017, you can read the following article below
Actually, there are three types of FEHB
Free-For-Service (FFS)
First, the plan is called FFS Plans (non-PPO) which means the plan will pay the medical provider directly or repay. The plan will be processed after you complete filed the insurance claim for each medical expense. When you need medical treatments, you can come to the doctor or hospital that you have chosen. In addition, this program might need more pay for extra paperwork.
Second, the federal employee health benefits plan is named FFS Plans with a preferred provider organization (PPO). This approach can be save more money because not all hospital services covered such as radiology and lab work services.
Health Maintenance Organization (HMO)
This plan gives you the health treatment which is available only in particular areas. This plan gives you wide services set of services since using the doctor and hospitals which are affiliated with HMO. If you received treatments from not in the plan’s network provider, this program will not be covered except an emergency care.
HMO Plans Offering a Point of Service (POS) Product
This approach is more expensive than non-network providers. This POS product is allowed you to use providers. This program can be used for whoever not part of the HMO network. In addition, this approach sometimes can be chosen from their own provider. This plan has several similar from FFS and HMO’s
Consumer-driven Health Plans (CHDP)
In this approach, feel free in using up health care dollars and you will receive full of coverage. Moreover, the limit can be higher than the other plans. You can choose the CHDP program by browsing the government employee benefits website in https://www.usa.gov/benefits-for-federal-employees.
High Deductible Health Plan (HDHP)
This approach will be covered at least $1,250 (for self only) or $2,500 (for family) to the registered member. The annual out-of-pocket, the registered can’t pay to exceed $3,650 (for self only) or $12,700 (for family).
This approach also divided into two, health reimbursement arrangement (HR) and health savings account (HAS). The first approach is about reimbursement in High Deductible Health Plans. This is also similar to HAS, but the member can’t make deposits into HRA and not transferable if you leave.
Second, the federal employee health benefits of HDHP is called Health Saving Account (HSA). This program allows individuals to pay health expenses and invest for future. In HAS, the fund deposits are not taxed, growths tax-free, and it is available to pay medical tools. If you want to open HAS, you have to be covered under a High Deductible Health Plan.
Those are the types of Federal Employee Health Benefits and we hope you can choose the right insurance for yourself and family
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Thanks for reading A Guide of Federal Employee Health Benefits (FEHB) Program