MHBP Value Plan — 2026 Premiums & Cost Guide
MHBP Value Plan is a nationwide Fee-for-Service plan offered to all federal employees and retirees. 2026 biweekly employee share: $67.80 (Self Only) to $163.85 (Self and Family). Among the lowest biweekly employee premiums of any nationwide FEHB plan — minimal out-of-pocket cost in years you stay healthy.
Premium Source: OPM 2026 FEHB Premium Rates (official OPM spreadsheet) • Data Year: 2026 Open Season
About This Plan
Mail Handlers Benefit Plan · Fee-for-Service · Nationwide · OPM enrollment codes: 414 / 416 / 415
The MHBP Value Plan is one of the lowest biweekly-premium nationwide FEHB options, trading a lower deductible for the lowest employee share in its tier. It is well-suited for healthy young employees, second earners, or those who primarily want catastrophic coverage with a low monthly out-of-pocket premium commitment.
2026 Biweekly Premiums
OPM-verified biweekly totals, government share, and employee (your) share for all three enrollment tiers.
| Enrollment Tier | Biweekly Total | Government Pays | You Pay | OPM Code |
|---|---|---|---|---|
| Self Only | $271.19 | $203.39 | $67.80 | 414 |
| Self Plus One | $642.56 | $481.92 | $160.64 | 416 |
| Self and Family | $655.39 | $491.54 | $163.85 | 415 |
Government pays the LESSER of 75% of the premium OR the 2026 OPM cap: Self $324.76 / Self+One $711.17 / Family $778.03. Source: OPM Federal Employees Health Benefits
Monthly & Annual Employee Cost
Monthly = biweekly × 26 ÷ 12 (OPM standard conversion). Annual = biweekly × 26. These are your out-of-pocket premium costs before any healthcare services.
| Enrollment Tier | Monthly (Your Share) | Annual (Your Share) | Annual (Total) |
|---|---|---|---|
| Self Only | $146.89 | $1,762.74 | $7,050.94 |
| Self Plus One | $348.05 | $4,176.64 | $16,706.56 |
| Self and Family | $355.00 | $4,260.03 | $17,040.14 |
Benefits Snapshot
Key cost-sharing parameters for 2026. Verify detailed benefits in the official OPM plan brochure.
| Benefit | In-Network | Out-of-Network |
|---|---|---|
| Deductible | $750.00 | $1,500.00 |
| Out-of-Pocket Maximum | $8,000.00 | — |
| Primary Care Copay | $30.00 | — |
| Specialist Copay | $50.00 | — |
| HSA Eligible | No | — |
Benefits summary for comparison only. Verify all benefits in the official OPM plan brochure at opm.gov plan brochures →
Costs in Retirement
MHBP Value's low premium is attractive, but the higher deductible ($750 in-network) means greater exposure before coverage kicks in. Retirees with Medicare as primary coverage often find a value plan adequate since Medicare handles most costs before FEHB secondary kicks in.
FEHB 5-Year Rule: To carry FEHB into retirement, you must be enrolled in an FEHB plan (or covered under TRICARE/CHAMPVA) for the 5 consecutive years immediately before your retirement date. If you are not yet enrolled, start coverage as soon as possible to preserve this option.
Compare MHBP Value Plan to All FEHB Plans
Use the FedTools FEHB Calculator to compare this plan against all 2026 nationwide plans for your enrollment tier and employee status.
MHBP Value Plan — Frequently Asked Questions
How much does MHBP Value Plan cost per paycheck in 2026?
For 2026, the MHBP Value Plan biweekly employee share is: Self Only $67.80, Self Plus One $160.64, Self and Family $163.85. The government pays the lesser of 75% of your plan premium or the OPM-set cap ($324.76/$711.17/$778.03 for Self/Self+One/Family in 2026). Use the FEHB Calculator to compare all plans side-by-side.
What does the government pay toward MHBP Value Plan?
For 2026, the government pays the lesser of 75% of the total biweekly premium or the program-wide cap. For MHBP Value Plan Self Only ($271.19 biweekly total), the government pays $203.39 and you pay $67.80. For Self and Family ($655.39 total), the government pays the 2026 cap of $778.03 and you pay $163.85.
How do MHBP Value Plan premiums change at retirement?
MHBP Value's low premium is attractive, but the higher deductible ($750 in-network) means greater exposure before coverage kicks in. Retirees with Medicare as primary coverage often find a value plan adequate since Medicare handles most costs before FEHB secondary kicks in.
Is MHBP Value Plan a good FEHB plan?
Among the lowest biweekly employee premiums of any nationwide FEHB plan — minimal out-of-pocket cost in years you stay healthy. The right FEHB plan depends on your healthcare utilization, family size, preferred network, and whether you want HSA eligibility (available only with HDHP plans). Use the FedTools FEHB Calculator to compare MHBP Value Plan against all other plans for your specific enrollment tier.
Other FEHB Plan Premium Pages
Premium breakdowns and cost guides for all 2026 nationwide FEHB plans.
Data Accuracy Notice: All premium figures on this page are copied cell-for-cell from OPM's official 2026 FEHB premium rate spreadsheets (FFS and HMO/Other). The government contribution is computed per OPM's formula (lesser of 75% of premium or the program-wide cap). This page does not constitute financial or benefits advice. Verify current rates with your agency HR office and OPM.gov.