CPB (Certified Professional Biller) Certification Practice Exam

What is the meaning of FEHBP in terms of employee benefits programs?

1. Forwarding Employee Health Benefit Plans

2. Flexible Employment Health Benefits Program

3. Federal Employee Health Benefit Program

4. Financial Enhancement for Health Benefits Planning

The correct answer is: Federal Employee Health Benefit Program

The term FEHBP stands for the Federal Employee Health Benefit Program. This program is designed to provide health insurance coverage to federal employees, retirees, and their dependents. Established in 1959, the FEHBP is one of the largest employer-sponsored health insurance programs in the United States, offering a variety of plan options to accommodate the diverse healthcare needs of federal employees. It emphasizes providing comprehensive healthcare benefits while giving enrollees the flexibility to choose their preferred health plans from an approved list. Understanding the context of the FEHBP is crucial for those involved in the administration of employee benefits, as it influences how federal agencies manage healthcare options for their workforce and helps ensure employees receive appropriate health coverage. The other options provided do not accurately reflect the established terminology and purpose of the program, which is focused specifically on federal employees.