Open Season is an annual event for Federal employees. During Open Season, employees may do the following:
Enroll in a flexible spending account program (FSAFEDS) which is a health care and/or dependent care account. Participation in the program requires enrollment each year. The program does not continue like FEHB and FEGLI
- Also Read: Special Retirement Groups Face New Timelines—Don’t Miss Your Critical Retirement Window
- Also Read: FEHB Premiums Are Up—Here’s What You Can Do Without Losing Coverage
- Also Read: Forgetting to Elect a Survivor Benefit Can Leave Your Spouse Without a Penny
The maximum annual election for 2015 is $5,000 for a Dependent Care Flexible Spending Account. Also the minimum election for the flexible spending account has changed from $250 to $100 for 2015.
Employees can also enroll, change, of cancel an existing enrollment in their dental and/or vision plans under FEDVIP. The same holds true for the health plans under FEHB. There is no Open Season for life insurance under FEGLI.
P. S. Always Remember to Share What You Know.
Open Season Articles
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What Federal Employees Need Prior to Open Season