What does FEP mean in insurance?
Federal Employee Program®
Washington – Today the Blue Cross and Blue Shield (BCBS) Government-wide Service Benefit Plan, also known as the Federal Employee Program® (FEP®), introduced FEP Blue FocusSM, a new coverage option for the federal workforce and retirees in the Federal Employees Health Benefits (FEHB) Program.
What is Anthem BCBS FEP?
For 60 years, the Blue Cross and Blue Shield Service Benefit Plan, also known as the Federal Employee Program—or simply FEP—has provided health insurance to the federal employee workforce. We are proud to have been part of the Federal Employees Health Benefits (FEHB) Program since its inception in 1960.
Is FEP federally funded?
The government contributes 72% of the weighted average premium of all plans, not to exceed 75% of the premium for any one plan (calculated separately for individual and family coverage).
How do I contact Blue Cross Blue Shield of Georgia?
Find information for Individuals & Families, Medicare or Employers. You can call 888.630.2583 to learn about your coverage options.
Does BCBS FEP cover Silver Sneakers?
BLUE CROSS BLUE SHIELD AND SILVERSNEAKERS All at no extra cost to you.
Do federal retirees get life insurance?
After age 65, Basic life insurance is free for all retirees. The 50% and No Reduction premiums continue for life.
What happens to my FEHB when I retire?
You need to be enrolled in FEHB for five years before you retire, or for the entire time for which you were eligible to be enrolled, and retire on an immediate annuity to be eligible to continue coverage into retirement.
What do federal employees get when they retire?
FERS is a retirement plan that provides benefits from three different sources: a Basic Benefit Plan, Social Security and the Thrift Savings Plan (TSP). Two of the three parts of FERS (Social Security and the TSP) can go with you to your next job if you leave the Federal Government before retirement.