Not affiliated with The United States Office of Personnel Management or any government agency

Not affiliated with The United States Office of Personnel Management or any government agency

Are You Clear On FEGLI

FEGLI Recap

 

FEGLI~~We are going to continue our discussion on making certain the provisions of FEGLI are clearly and completely understood.  We discussed FEGLI Basic Insurance for those persons who retired before December 9, 1980, and before January 1, 1990.
Now let’s look at some other important time frames impacting Federal and Postal employees who retired after December 31, 1989 and going forward.  Employees falling within this time category must all either elect the 75 percent reduction, the 50 percent reduction or No Reduction.  Whatever your choice, if you retire

before reaching age 65, you will be obligated to pay the same premium for your BASIC FEGLI as you did as an active employee until you reach age 65.
As in our previous posts, we are going to discuss each election separately starting with Option A – Standard FEGLI.  Option A- Standard Insurance was previously referred to as Optional Insurance.  Discussing the elections separately will hopefully allow you to analyze each provision and eliminate the confusion often encountered when one is saddled with reviewing too many things at once.
Let’s begin with Option A- Standard Insurance in the post to follow.

For information on FEGLI Option A

For information on FEGLI Option B

For information on FEGLI Option C

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

 

Search for Public Sector Retirement Expert.

Receive the Best advice.

PSR Experts can help you determine if Public Sector Retirement is right for you or if you should look for alternatives.

The Best Advice creates
the best results.

Recent Articles

The FEHB-Medicare Combo Is Powerful—But Only If You Time Enrollment Correctly

Key Takeaways Proper timing of Medicare Part B enrollment is crucial if you want to avoid lifelong penalties and get...

Why More Federal Workers Are Reassessing Their TSP Withdrawal Strategies to Maximize Their Savings

Key Takeaways Adjusting your Thrift Savings Plan (TSP) withdrawal strategy can help maximize your retirement savings while minimizing tax burdens.Understanding...

Federal Employees, Here’s What You Need to Know About FEGLI Before You Retire

Key Takeaways: Federal Employees’ Group Life Insurance (FEGLI) offers unique benefits but requires careful consideration as retirement approaches.Adjusting your FEGLI...

Search For Public Sector Retirement Expert

Receive the Best advice.

PSR Experts can help you determine if
Public Sector Retirement is right for you or if you should
look for alternatives.

The Best Advice creates

the best results.

Subscribe to our Newsletter

"*" indicates required fields

Our Readers Deserve The Best PSHB and USPS Health Benefits Guidance

Licensed insurance agents who understand PSHB, Medicare, and USPS Health Benefits Plan are encouraged to apply for a free listing.

This field is for validation purposes and should be left unchanged.

Book Phone Consultation

"*" indicates required fields

This field is for validation purposes and should be left unchanged.

Get In Touch

Stay up to date on the latest information about Public Sector Retirement.

The Best Advice Creates The Best