New Health Care Option 2005
A message from OPM Director, Kay Coles James, regarding a New Health Care Option for 2005.
The Office of Personnel Management (OPM) has announced a new health care option that will, depending on your own health
care and financial priorities, give you additional opportunities to save and better manage your hard-earned dollars.
Eighteen High Deductible Health Plans (HDHP) will be offered by the Federal Employees Health Benefits (FEHB) Program
in 2005. These health plans together with a Health Saving Account (HSA) or a Health Reimbursement Arrangement (HRA)
provide a tax advantaged savings vehicle for the purpose of paying for your medical expenses.
To learn more about HDHPs visit OPM's new web site, http://www.opm.gov/hsa/. You will find basic information on HSAs, HRAs, and
a chart comparing their features. Additional information will be provided in conjunction with the FEHB Open Season,
November 8 through December 13, 2004, in the 2005 Guide to FEHB Plans, and in the individual HDHP brochures.
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