Feds, Retirees to Pay 6.2% More in Health Insurance Premiums
Federal employees and retirees will pay 6.2% more on average for health insurance premiums next year. This unacceptably high increase will hit millions of Americans in the pocketbook, making coverage less and less affordable and will cause many to drop coverage.
“Like most other Americans, federal employees and retirees have seen their standard of living decline due to stagnant incomes and cost increases for basic goods and services,” AFGE President J. David Cox Sr. said. “This is an unacceptably high increase that will force many families to make difficult decisions about how to pay their bills.”
While employees enrolled in the Federal Employees Health Benefits Program will pay 6.2% more for their insurance premiums starting in January, the government’s share of those premiums will increase just 3.7%, according to the Office of Personnel Management.
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