Navigating health benefits, retirement plans, and insurance programs can be overwhelming. The Benefits Authority simplifies the process by offering clear information and resources. Whether you’re a federal employee, retiree, or private sector worker, understanding your benefits ensures financial security and peace of mind.
This guide covers key programs, legal protections, and actionable steps to maximize your benefits.
Understanding the Benefits Authority
The Benefits Authority oversees federal and private-sector benefit programs. It ensures workers and retirees have access to health insurance, retirement plans, and legal protections. Key programs include:
- Federal Employees Health Benefits (FEHB) Program – Comprehensive health coverage for federal workers.
- Postal Service Health Benefits (PSHB) Program – New healthcare options for postal employees starting in 2025.
- Mental Health Parity Laws – Ensures equal coverage for mental health and addiction treatment.
- Retirement Security Rule – Protects retirement savings from conflicts of interest.
These programs help millions of Americans secure their health and financial futures.
=> Compare Health Plans Today – Find the best coverage for your needs.
Key Health Benefit Programs
1. Federal Employees Health Benefits (FEHB) Program
The FEHB provides flexible health insurance options for federal employees, retirees, and their families. Plans include:
- Medical, dental, and vision coverage.
- Options for high-deductible plans with health savings accounts (HSAs).
- Nationwide provider networks.
Employees can compare plans during open enrollment or after qualifying life events.
2. Postal Service Health Benefits (PSHB) Program
Starting in 2025, this program offers postal workers tailored healthcare plans. Key features include:
- Continuity of care for current postal employees and retirees.
- Competitive premiums and coverage options.
- Seamless transition from existing FEHB plans.
3. Dental and Vision Insurance (FEDVIP)
Federal employees can enroll separately in dental and vision plans. Benefits include:
- Orthodontic coverage for dependents.
- Discounted LASIK surgery options.
- No waiting periods for basic procedures.
Retirement Benefits and Protections
1. Retirement Savings Lost and Found
Misplaced a 401(k) or pension from a past job? The Retirement Savings Lost and Found portal helps locate forgotten accounts. Simply enter your details to track down old benefits.
2. The Retirement Security Rule
This rule ensures financial advisors act in your best interest when managing retirement funds. Advisors must:
- Disclose fees and conflicts of interest.
- Recommend suitable investment options.
- Avoid misleading claims about returns.
3. COBRA Continuation Coverage
If you lose your job, COBRA lets you keep employer-sponsored health insurance for up to 18 months. Key points:
- You pay the full premium plus a small administrative fee.
- Coverage includes medical, dental, and vision benefits.
- Must enroll within 60 days of job loss.
=> Locate Lost Retirement Funds – Search the database now.
Mental Health and Substance Use Disorder Parity
The Mental Health Parity and Addiction Equity Act (MHPAEA) ensures fair treatment for mental health care. Protections include:
- No Higher Copays – Mental health visits can’t cost more than medical visits.
- Equal Visit Limits – Yearly therapy sessions must match medical visit allowances.
- No Unnecessary Restrictions – Insurers can’t require extra approvals for mental health care.
If your claim is denied, you can appeal with help from the Employee Benefits Security Administration (EBSA).
How to Claim Your Benefits
1. Filing for Health and Disability Benefits
- Submit claims through your insurer’s online portal or mail.
- Keep copies of all medical records and receipts.
- Follow up if processing takes longer than 30 days.
2. Accessing Retirement Funds
- Contact your plan administrator for payout options.
- Roll over 401(k) funds to avoid early withdrawal penalties.
- Check the Lost and Found database for missing pensions.
3. Appealing Denied Claims
- Request a written explanation for the denial.
- Gather supporting documents (doctor’s notes, lab results).
- File an appeal within 180 days.
=> Enroll in COBRA Coverage – Keep your health insurance after job loss.
Final Thoughts:
Understanding your benefits saves money and reduces stress. Whether enrolling in health insurance, tracking retirement funds, or fighting a denied claim, the Benefits Authority provides the tools you need.
Take action now to protect your health and financial well-being.