What types of employee benefits does OPM manage?

The Office of Personnel Management oversees a wide range of employee benefits for federal employees, retirees, and their eligible family members. One of the primary responsibilities of OPM is the administration of the Federal Employees Health Benefits Program, which offers various health insurance options to employees. This program allows federal employees to choose from multiple insurance providers, ensuring they can select the coverage that best suits their needs. In addition to health benefits, OPM manages the Federal Employees Dental and Vision Insurance Program, which provides supplemental dental and vision insurance options for federal employees. This program is designed to give additional protection to employees beyond what is typically covered in standard health insurance plans. Furthermore, OPM administers the Federal Employees Retirement System, which includes the Civil Service Retirement System as well. These retirement systems provide benefits to individuals upon their retirement, ensuring that they receive pensions based on their years of service and salary history. Additional benefits managed by OPM include the Federal Flexible Benefits Plan, commonly known as a cafeteria plan, which allows employees to allocate part of their salary to various pre-tax benefit options, such as health care expenses and dependent care expenses. Moreover, OPM also oversees programs related to life insurance, long-term care insurance, and various leave policies that federal employees can utilize. For the most accurate and comprehensive information about the benefits managed by OPM, it is advisable to refer to their official website, where one can find detailed information and resources.