FedFlex, The Federal Flexible Benefits Plan, is the name of OPM's cafeteria plan.� In order to offer pre-tax benefits, OPM was required to create a plan document in accordance with IRS regulations that outlines the benefits and employee choices under that plan.  

Premium Conversion, effective in October 2000, was the first benefit offered under the FedFlex plan. OPM is now preparing to offer Flexible Spending Accounts under FedFlex later in 2003.

All eligible federal employees who participate in the FEHB Program are participants in the premium conversion plan. You may choose between allotting part of your salary to your employer who will use that allotment to provide a pre-tax benefit or receive your full salary in cash (paying for your FEHB premiums with after-tax dollars).