{"id":25086,"date":"2022-10-27T17:46:05","date_gmt":"2022-10-27T17:46:05","guid":{"rendered":"https:\/\/one.sightlinemg.com\/federaltimes\/uncategorized\/2022\/10\/27\/john-hancocks-fedpoint-wins-extension-of-contract-to-manage-benefeds\/"},"modified":"2026-08-08T05:05:53","modified_gmt":"2026-08-08T05:05:53","slug":"john-hancocks-fedpoint-wins-extension-of-contract-to-manage-benefeds","status":"publish","type":"post","link":"https:\/\/one.sightlinemg.com\/federaltimes\/govcon\/contracting\/2022\/10\/27\/john-hancocks-fedpoint-wins-extension-of-contract-to-manage-benefeds\/","title":{"rendered":"John Hancock\u2019s FedPoint wins extension of contract to manage Benefeds"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">WASHINGTON \u2014 John Hancock Life &amp; Health Insurance\u2019s FedPoint unit said its contract to operate the <a href=\"https:\/\/www.benefeds.com\/\" target=\"_blank\">Benefeds<\/a> online marketplace used by the federal civilian workforce and <a href=\"https:\/\/www.benefeds.com\/general\/uniformed-services\" target=\"_blank\">military<\/a> to buy <a href=\"https:\/\/www.opm.gov\/healthcare-insurance\/fastfacts\/benefeds.pdf\" target=\"_blank\">dental and vision coverage<\/a> was renewed by the White House\u2019s Office of Personnel Management.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Terms were not disclosed. The contract, awarded after a competitive bidding process, will begin on Jan. 1 and contains option years extending through the end of 2026, according to the<a href=\"https:\/\/www.fedpointusa.com\/press\/2022\/fedpoint-renews-BENEFEDS-contract\" target=\"_blank\"> FedPoint statement.<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">OPM confirmed to Federal Times that the contract has a ceiling of $500 million.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In addition to handling enrollment and premium administration for \u201cFEDVIP,\u201d which administers dental and vision plans offered by 17 insurers, including Aetna, Blue Cross Blue Shield and Humana, FedPoint will also manage the annual <a href=\"https:\/\/www.federaltimes.com\/fedlife\/benefits\/2022\/10\/17\/shopping-around-may-save-money-in-federal-employee-health-plans\/\" target=\"_blank\">\u201copen season\u201d enrollment,<\/a> which for this year begins on Nov. 14.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cIt\u2019s a privilege to continue supporting federal employees and members of the U.S. military through the Benefeds contract,\u201d said FedPoint COO Kevin Hill in a statement. \u201cThe renewal reflects FedPoint\u2019s attention to service and quality, and the appreciation our employees have demonstrated over the past decade and a half toward the complex mission of the federal family.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">That annual effort requires more than 1,000 employees to manage call and transaction volumes during the federal government\u2019s busy open enrollment period in the winter, the statement said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Benefeds contractor also administers the premium payment processes for the <a href=\"https:\/\/www.ltcfeds.com\/\" target=\"_blank\">Federal Long Term Care Insurance Program<\/a> and allotment processes for the<a href=\"https:\/\/www.fsafeds.com\/\" target=\"_blank\"> Federal Flexible Spending Account Program.<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">FedPoint was founded in 2002 as an administrator of large-scale insurance and benefit programs. FedPoint is a trade name for Long Term Care Partners LLC, a wholly owned subsidiary of John Hancock, one the ten biggest U.S. life insurers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The contract, awarded after a competitive bidding process, will begin on Jan. 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