Federal Position Benefits
The Federal Employees Health Benefits (FEHB) Program: The FEHB Program can help you and your family meet your health care needs. Federal employees, retirees and their survivors enjoy the widest selection of health plans in the country. You can choose from among Consumer-Driven and High Deductible plans that offer catastrophic risk protection with higher deductibles, health savings/reimbursable accounts and lower premiums, or Fee-for-Service (FFS) plans, and their Preferred Provider Organizations (PPO), or Health Maintenance Organizations (HMO) if you live (or sometimes if you work) within the area serviced by the plan.
- For more information on FEHB, please visit: http://www.opm.gov/healthcare-insurance/healthcare/
Dental & Vision: The Federal Employee Dental and Vision Benefits Enhancement Act of 2004 provided OPM the opportunity to establish arrangements under which supplemental dental and vision benefits are made available to Federal employees, retirees, and their dependents.
- For more information on Dental & Vision, please visit: http://www.opm.gov/healthcare-insurance/dental-vision/
Retirement: Federal Employees Retirement System (FERS)/ Federal Employees Retirement System-Revised Annuity Employees (FERS-RAE): Federal employees are generally enrolled in either FERS or FERS-RAE. FERS is a retirement plan that provides benefits from three different sources: a Basic Benefit Plan (the FERS or FERS-RAE component), Social Security and the Thrift Savings Plan (TSP). Two of the three parts of FERS (Social Security and the TSP) can carry over to your next job if you leave the federal government before retirement. The Basic Benefit and Social Security parts of FERS require you to pay your share each pay period.
- For more information on FERS, visit: http://www.opm.gov/retirement-services/fers-information/
Thrift Savings Plan (TSP): Each pay period the Wilson Center deposits into your account an amount equal to 1% of the basic pay you earn for the pay period. You can also make your own contributions to your TSP account and the Center will also make matching contributions up to a maximum of 5%. These contributions may be either tax deferred or Roth contributions.
- For more information on TSP, visit: http://www.tsp.gov
Life Insurance: The Federal Government established the Federal Employees’ Group Life Insurance (FEGLI) Program on August 29, 1954. It is the largest group life insurance program in the world, covering over 4 million Federal employees and retirees, as well as many of their family members.
- For more information about FEGLI, please visit: http://www.opm.gov/healthcare-insurance/life-insurance/
Flexible Spending Accounts: FSAFEDS allows you to save money for health care expenses with a Health Care or Limited Expense Health Care FSA. Think of it as a savings account that helps you pay for items that typically aren’t covered by your FEHB Plan, the Federal Employees Dental and Vision Insurance Program, or other health insurance coverage.
- For more information about FSAs, please visit: http://www.opm.gov/healthcare-insurance/flexible-spending-accounts/