Federal Employees Health Benefits Program (FEHBP) Law and Legal Definition
The federal employees health benefits program (FEHBP) is a system for providing employee health benefits to civilian government employees and annuitants of the U.S. government. It is a system of managed competition in which a purchasing strategy to obtain maximum value for employees are applied using the rules of competition derived from micro economic principles. In FEHBP employees pay one-third of cost of insurance and the government will pay remaining two-third cost. Market health insurance plans intended for the benefit of governmental employees are adopted under FEHBP with the help of insurance companies, employee associations, and labor unions. The United States Office of Personnel Management (OPM) administers the FEHBP.
Legal Definition list
- Federal Employees Health Benefits Program (FEHBP)
- Federal Employees Compensation Act
- Federal Employee
- Federal Emission Test Procedure
- Federal Emergency Management Agency (FEMA)
- Federal Employees Retirement System [FERS]
- Federal Employers Liability Act FELA
- Federal Energy Regulation Commission
- Federal Entity for Lending Regulation
- Federal Facility
- Federal Family Education Loan (FFEL) Programs [Education]
Related Legal Terms
- 8 A Program
- Ability One Program
- Abuse in Later Life Program [Department of Justice]
- Academic Competitiveness Grant (ACG) Program [Education]
- Accelerated Benefits (Health Care)
- Accelerated Life Insurance Benefits
- Accelerated Nursing Degree Program
- Acceptance-of-the-Benefits Rule
- Accompanying the Federal Government Outside the United States
- Accumulation Value (Health Care)
