FEGLI: Federal Employees Group Life Insurance Changes

FEGLI Changes

There are not many things in today’s world that stay the same – FEGLI is not one of them.  Changes are constantly  happening and we must stay abreast of those changes that have a direct impact on us and our families.  FEGLI (Life Insurance

• Also Read: New TSP Withdrawal Rules and What They Mean for Your Federal Retirement Plans
• Also Read: TSP Investment Moves That Could Help Federal Employees Retire on Their Own Terms
• Also Read: Early Retirement Myths Federal Employees Need to Stop Believing

) has been a part of the planning process in families for as long as I can remember.  I might be dating myself, but I remember when the Life Insurance guy used to actually come to our neighborhood to collect insurance premiums.  He would hand out times-tables on little cards and quiz me when he came back the following week to see what I had learned.  Alright, enough of the nostalgic trip down memory lane.

The Federal Employees Group Life insurance (FEGLI) program has now been extended to cover legally married same-sex spouses and their children who qualify as eligible family members through the Defence of Marriage Act (DOMA).  Your eligible family members are automatically covered under the employee’s existing coverage – FEGLI Option C.  Postal employees’ coverage is effective when the Standard Form (SF) 2817 for Life Insurance Election is received by the Human Resources Shared Service Center and the employee is both in a pay and duty status (use LiteBlue to review your FEGLI elections).

Postal employees have several ways by which to gain access to the form.  They may request the form from Shared Services via phone or locate the form at www.opm.gov/forms.

Make sure as a postal employee that you are reading your postal bulletins for changes in policies impacting you and your family.  If you are a federal or a postal employee visit often OPM’s website so that you will have the greatest advantage of ensuring that your benefits work for you and your family.  Information, and in this case information on your FEGLI benefits, is your best resource for planning to retire well.

P. S. Always Remember to Share What You Know.

 

RELATED TOPICS – More Federal and Postal Insurance Information

Federal Employees Health Benefits (FEHB)

Federal Flexible Spending Account (FSAFEDS)

Federal Long Term Care Insurance Program (FLTCIP)

Federal Employees and Medicare

Federal Employee Dental and Vision Insurance Program (FEDVIP)

Federal Employees Group Life Insurance (FEGLI)