In preparation for the upcoming open season, the Office of Personnel Management has released calendar year 2020 Federal Employee Dental and Vision Insurance Program (FEDVIP) pricing. Plan comparisons and pricing are now available on the www.benefeds.com website using the FEDVIP comparison tool.
Overall, FEDVIP dental rates will rise by an average of 5.6% for 2020; vision premiums will increase an average of 1.5%. The change in dental premiums range from a decrease of -5.9% to an increase of 9.5% depending upon your location. OPM states that the two primary factors drove increases this year; the health care insurance providers fee, which had been suspended in 2019 but reinstated in 2020, and an increase in utilization of services in a number of dental plans.
The average monthly Dental Premiums:
Self Plus One $77.00
Self and Family $112.88
The average monthly Vision Premiums:
Self Plus One $22.13
Self Plus Family $31.99
The 2020 TRICARE and FEDVIP open season will run from Nov. 11 to Dec. 9.