"The annual open season enrollment period runs from Nov. 10-Dec. 8. ...Here’s what employees should know:
• If you currently have a Postal Service Health Benefits (PSHB) Program plan, you ..."
This Article is From: news.usps.com
Showing posts with label Postal Service Health Benefits (PSHB). Show all posts
Showing posts with label Postal Service Health Benefits (PSHB). Show all posts
Saturday, November 15, 2025
Postal Workers | If you want to update your benefits, this is your chance
This Article is From: news.usps.com
Friday, December 6, 2024
OPM extends Open Season for enrollees in new Postal insurance program for very short period
"Enrollees in the new Postal Service Health Benefits program will have a few extra days of Open Season to review their plan options and make changes to their benefits for plan year 2025. ...The Office of Personnel Management officially extended Open Season for PSHB participants until Dec. 13, Federal News Network has learned. Participants in the Federal Employees Health Benefits program and other federal benefits programs will still see Open Season end on the original Dec. 9 deadline. ..."
This Article is From: federalnewsnetwork.com
Wednesday, December 4, 2024
3 reasons to review FEHB, PSHB plan options before Open Season ends
"...Participants in the FEHB program and the new PSHB program will both see their insurance premiums rise significantly starting in plan year 2025. On average, FEHB participants will face a 13.5% premium hike, while PSHB participants will see their premiums rise by 11.1%. It’s a much larger premium increase, on average, than what feds have seen for many years. For 2024, FEHB enrollees’ premiums rose by an average of 7.7%. And in 2024, premiums went up by 8.7%. ..."
This Article is From: federalnewsnetwork.com
Tuesday, November 5, 2024
Postal Service Mails Out Letter on PSHB | Your PSHB Automatic Enrollment
"The notice provides information on transitioning your health insurance coverage from your current FEHB plan to a PSHB plan. You always have the right to choose a different PSHB plan during the Federal Benefits Open Season. This year, Open Season will run from November 11, 2024, through December 9, 2024. The letters are customized to your specific, current situation. It will detail how much your amount per pay period will be with the change. "
This Article is From: Postal Newsgroup
Monday, October 7, 2024
OPM Announces Resources for Postal Service Health Benefit Program Enrollees
"...Resources include a new landing page with details for PSHB enrollees; information about auto-enrollment where Postal employees will be automatically transitioned from their current plan to a comparable plan in the new PSHB program; and a page providing information on cost savings for enrollees who are also signed up for Medicare Part B or Medicare Advantage through PSHB. The Postal Service Health Benefits (PSHB) Program, is a new, separate program within the FEHB program, the creation of which was directed by the Postal Service Reform Act. The PSHB program will be administered by OPM, and will provide health insurance to eligible Postal Service employees, Postal Service annuitants, and their eligible family members starting in 2025. PSHB coverage will replace FEHB Program coverage for these groups. ..."
This Article is From: www.opm.gov
Tuesday, April 30, 2024
How is PSHB different from FEHB?
"...Critically different from FEHB, the PSHB Program requires stronger coordination with Medicare and verifying the Medicare enrollment eligible of PSHB Program enrollees. For example, if a postal annuitant who is required to be enrolled in Medicare Part B is not enrolled or disenrolls, they are no longer eligible to be enrolled in the PSHB Program. To meet this requirement, OPM must routinely accept and integrate Medicare eligibility information for enrollees and confirm PSHB Program eligibility (including exceptions to the Medicare Part B requirement) with a number of stakeholder agencies, including exchanging data with the Social Security Administration (SSA), Department of Veterans Affairs (VA), Department of Labor Office of Workers Compensation (DOL), OPM Retirement Services (RS), and, of course, USPS. This integration is unique among employer-based health insurance programs."
This Article is From: www.opm.gov
Sunday, March 31, 2024
Postal Service Health Benefits (PSHB) Program Special Enrollment Period (SEP)
"...As part of the new Postal Service Health Benefits (PSHB) Program, you may be eligible to participate in the PSHB Special Enrollment Period (SEP) for Medicare Part B. The PSHB SEP applies to certain Postal Service annuitants and family members who were entitled to Medicare Part A, but not enrolled in Medicare Part B as of Jan 1, 2024.
During the PSHB SEP, eligible annuitants and family members may enroll in Medicare Part B without paying a late enrollment penalty. The one-time PSHB SEP is from April 1, 2024, to Sept. 30, 2024. Individuals eligible for the PSHB SEP will receive notification by U.S. Mail™ in March 2024.
All required information must be returned in the envelope provided and postmarked by Sept. 30, 2024.
...You can get additional information on the PSHB Program and how it works with Medicare by reviewing the resources available on the PSHB page, viewing the PSHB-Medicare 5 Part video series, or by attending a PSHB Seminar. Additional resources include the Consumers Checkbook Guide and your local State Health Insurance Program office. If you have misplaced the notification letter mailed to you or believe that you are eligible to participate in the PSHB and did not receive notification letter, please contact the PSHB Navigator Help Line’s toll-free number at 833-712-PSHB (7742), or email retirementbenefits@usps.gov."
This Article is From: www.keepingposted.org
Sunday, March 3, 2024
OPM tells FEHB carriers to prepare for USPS health program’s launch
"In preparation for the 2025 plan year, OPM for the first time outlined clearer plans to implement the Postal Service Health Benefits (PSHB) program in January. ...A special enrollment period beginning April 1 as well as the upcoming Open Season this fall will be the first time Postal employees and annuitants will be able to enroll in the brand-new health insurance program, mandated by the Postal Service Reform Act that President Joe Biden signed into law in 2022. ...Any FEHB carrier that wants to apply to offer plans in the PSHB program must submit their proposal of benefits and rates by May 31, OPM said. Then enrollees in the new PSHB program will begin receiving coverage on the first day of 2025."
This Article is From: federalnewsnetwork.com
Saturday, February 10, 2024
Postal Service Health Benefits (PSHB) Program FAQs
"Critically different from FEHB, the PSHBP requires verifying the Medicare enrollment of PSHBP enrollees – for example, if a postal annuitant who is required to be enrolled in Medicare Part B is not enrolled or disenrolls, they are no longer eligible to be enrolled in the PSHBP. ...The Postal Service Health Benefits (PSHB) Program is a new, separate program within the Federal Employees Health Benefits (FEHB) Program, administered by the Office of Personnel Management (OPM) which will provide health insurance to eligible Postal Service employees, Postal Service annuitants, and their eligible family members starting in 2025. ..."
This Article is From: www.opm.gov
Tuesday, June 13, 2023
Postal FEHB enrollees feel ‘angst’ as OPM builds USPS-only (PSHB) health insurance marketplace
"The agency is creating the Postal Service Health Benefits (PSHB) Program as a separate entity from the Federal Employee Health Benefits (FEHB) program, as required under the Postal Service Reform Act signed into law last year. ...Dimondstein, however, said there’s been some “angst” among current retirees unaware that they are exempt from a requirement for all future retirees to enroll in Medicare Part B.
“Retirees who are not in Medicare B now, are not going to be forced to be in Medicare B once this law matures, but some people don’t know that,” Dimondstein said.
The National Active and Retired Federal Employees Association (NARFE) is asking OPM to prevent as much disruption as possible in moving nearly 2 million FEHB enrollees to new health care plans offered under PSHB."
The Congressional Budget Office estimates postal enrollees in PSHB could also see slightly lower premiums since postal retirees will primarily be covered under Medicare Parts A and B. However, some USPS employees and retirees remain wary about their premiums under a new plan.
A USPS retiree told OPM that, “When I made my decision to retire, I was never told that someday I’d be forced into a different insurance plan that might cover less and cost me more.”
“We base our decision to retire on what’s available to us at the time and should never be forced to accept anything less,” the retiree wrote.
This Article is From: federalnewsnetwork.com
Thursday, June 8, 2023
Big Medicare Changes Coming For Postal Service Retirees
"...the Postal Service Health Benefits (PSHB) Program... They will not be able to enroll in or continue with FEHB plans. To continue with a PSHB plan, Medicare-eligible annuitants who have retired will have to enroll in Medicare Part B, medical insurance. ...Why is the government doing this? ...this change could save the Postal Service $5.6 billion through 2031 while adding $5.5 billion in costs to Medicare during that span"
This Article is From: www.forbes.com
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