News from Our Partners: Recently Retired from Service? Take Advantage of Your FEDVIP Enrollment Period

September 26, 2022

The U.S. Office of Personnel Management (OPM) is proud to welcome retiring members of the uniformed services to the Federal Employees Dental and Vision Insurance Program (FEDVIP). 

Sponsored by OPM, FEDVIP is a voluntary, enrollee-pay-all dental and vision insurance program. It replaced the former TRICARE Retiree Dental Program (TRDP). In general, retired uniformed service members, their families, and survivors are eligible for FEDVIP dental coverage and, if enrolled in a TRICARE health plan, FEDVIP vision coverage. Please note: Opportunities to enroll outside of open season are limited. 

Retiring uniformed service members are considered newly eligible for FEDVIP. This includes Retired Reserve members who are age 60 and older and under age 60 (gray area reservists) not yet receiving retired pay. 

If you’ve recently retired from the uniformed services, you have a 91-day enrollment window to enroll in a FEDVIP dental and/or vision plan. You may enroll between 31 days prior to your military retirement date and 60 days following.

It’s important to remember, enrollment is not automatic.

If you choose to enroll in FEDVIP, you must enroll prior to your military retirement date to prevent a gap in dental coverage between your active duty or reserve dental plan and your FEDVIP plan. If you do not enroll within 60 days from your retirement date, you must wait until the next open season.

FEDVIP is popular among the more than 3.5 million people already enrolled in the program, giving the program high marks for quality and value. With 12 dental and 5 vision carriers to choose from, FEDVIP offers great flexibility when selecting the right coverage for you and your family, such as:
• regional dental plans as well as nationwide dental and vision plans with international coverage
• most plans feature both high and standard options
• a choice between three enrollment types: self, self plus one, or self and family
 
To familiarize yourself with the program, explore BENEFEDS.com/military. BENEFEDS is the secure online portal to enroll in FEDVIP, to research FEDVIP’s current list of carriers and plans, and use the plan comparison tool to view rates, benefits, and coverage information.

Don’t miss this opportunity! Consider including the Federal Employees Dental and Vision Insurance Program (FEDVIP) in your retirement plan today.

BENEFEDS is administered by Long Term Care Partners, LLC, with oversight by the U.S. Office of Personnel Management.

Article Source: https://www.dfas.mil/RetiredMilitary/newsevents/newsletter/June-2022-From-Partners-Recently-Retired-Take-Advantage-FEDVIP-Enrollment-Period/