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The Federal Employees Health Benefits (FEHB) Program is a system of "managed competition" through which employee health benefits are provided to civilian government employees and annuitants of the United States government. The government contributes 72% of the weighted average premium of all plans, not to exceed 75% of the premium for any one ...
GEHA was one of the first insurance carriers eligible to provide coverage to federal employees under the Federal Employees Health Benefits Act of 1959. The FEHBP contracts with several hundred health insurance plans to provide coverage for more than 8 million federal enrollees and dependents, including retirees. [citation needed]
In 1948, an organization known as the Government Employees Health Association (GEHA) allowed a small section of Federal Government employees to obtain group health insurance plans. Since that time, a number of insurance plans have been added or changed. [1]
The United States Office of Personnel Management (OPM) is an independent agency of the United States government that manages the United States federal civil service.The agency provides federal human resources policy, oversight, and support, and tends to healthcare (), life insurance (), and retirement benefits (CSRS and FERS, but not TSP) for federal government employees, retirees, and their ...
WAEPA offers up to $1.5M in coverage, [12] as well as a Chronic Illness Rider, [13] Guaranteed Issue Group Term Life Insurance, [14] and Group Short-Term Disability Insurance [15] for new federal employees. Since 1996, WAEPA has refunded over $101 Million dollars in premiums to its members.
The Centers for Medicare & Medicaid Services (CMS) is a federal agency within the United States Department of Health and Human Services (HHS) that administers the Medicare program and works in partnership with state governments to administer Medicaid, the Children's Health Insurance Program (CHIP), and health insurance portability standards.