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Wednesday, April 13, 2022

Health benefits -- New law creates Postal Service Health Benefits (PSHB) Program for employees, others

  Health benefits -- New law creates program for employees, others

  Note: This information is taken directly from the official United States Postal Service News Link.

The Postal Service reform legislation that President Biden signed into law on April 6 will involve changes to employees’ health and retirement benefits.

USPS understands that employees have many questions, so here are a few things to know:

• The law establishes the Postal Service Health Benefits (PSHB) Program, which will provide health insurance to USPS career employees, retirees and their dependents, beginning Jan. 1, 2025.

• The PSHB program, to be administered by the U.S. Office of Personnel Management, will be structured similarly to the Federal Employees Health Benefits (FEHB) Program. The employer/employee cost-sharing contributions for premiums will be determined by the Postal Service’s collective bargaining and pay consultation processes.

• USPS employees and retirees can make their PSHB plan selections during the open season benefits enrollment period that occurs in November and December 2024.

• Beginning in January 2025, the new law will require all newly Medicare-eligible USPS annuitants and their Medicare-eligible covered family members to enroll in Medicare Part B to maintain their postal health coverage.

The Postal Service will provide employees and retirees with more detailed information about the PSHB program in the months to come.



Reference: link.usps.com
 

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