The Postal Service is mailing all employees a personal benefits statement that details their overall compensation package. When you receive your statement, USPS wants you to pay close attention to the following information: • What you paid in 2018 for health benefits. Many employees pay for more health insurance than they need, often giving up…
The Postal Service is mailing every employee a personal benefits statement that details his or her overall compensation package. When you receive your statement, USPS wants you to pay close attention to these three sections: • What you paid for in 2017 for health benefits. Many employees pay for more health insurance than they need,…
The Federal Employees’ Group Life Insurance Program (FEGLI) open enrollment period begins Sept. 1. During the 30-day open season, eligible Postal Service employees can enroll in FEGLI or increase their coverage up to the program maximum without having a “qualifying life event,” answering medical questions or having a physical exam. FEGLI highlights: The program offers…
The Office of Personnel Management (OPM) reports that, as of Jan. 1, premiums for many options and age brackets under the Federal Employees’ Group Life Insurance (FEGLI) program changed due to actuarial adjustments. OPM has announced new FEGLI premium rates for employees and retirees, effective with the Feb. 1 payment that covers January. Premiums for…
By John Grobe – December 15, 2015 Upon receiving the leave and earnings statement for the first full pay-period of 2016, many employees will notice that their premiums for Federal Employees Group Life Insurance (FEGLI) have increased. HR offices are used to fielding calls on this topic each January. Retirees might notice a change in…
By Eric Yoder – August 6, 2015 On the heels of an immediate premium hike in the long-term care insurance program for federal employees, some rates are going to increase in 2016 in their much more widely used life insurance program — although others will hold steady and still others will decrease — the is…
The Postal Service is warning employees to be wary of companies or individuals marketing Federal Employees’ Group Life Insurance (FEGLI) policies. The U.S. Office of Personnel Management (OPM) reports it has received complaints from federal agencies that certain private life insurance companies and sales agents have been marketing products that promise discounts on FEGLI premiums….
