Health Care Premiums Increasing 8.7% For Federal Employees

In a recent article from Government Executive, it was reported that federal employees will pay 8.7% more toward health care premiums in 2023. This was ostensibly caused by an “increased use of health care services as the COVID-19 pandemic has waned.”

National Treasury Employees Union National President Tony Reardon said in a statement Friday that although the premium increases are reportedly in line with other large employers, the spike in costs underscores the inadequacy of President Biden’s proposed 4.6% average pay raise for federal employees next year.

“These premium increases may be similar to those expected by other large employers in the private sector, but they will still cause sticker shock for federal employees,” he said. “These premium increases are yet one more data point in our argument that federal employees deserve a fair pay increase in 2023. NTEU supports legislation providing federal employees, on average, a pay increase of 5.1%, which would help them keep up with rising costs and save for retirement.”

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To read the whole article on Government Executive, click here.