The Office of Personnel Management (OPM) reports that, as of Jan. 1, premiums for many options and age brackets under the Federal Employeesâ 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 â although others will hold steady and still others will decrease â the is…
By John Grobe – July 13, 2015 What happens to your benefits if you die while still working? This is a question we do not want to ponder, as we all plan on living long after we retire. When it comes to Ben Franklinâs quote, âPlan like youâll live forever; pray like youâll die tomorrow,â…
Is there an open season for increasing dependent coverage amounts on dependent life insurance?
The Postal Service is warning employees to be wary of companies or individuals marketing Federal Employeesâ 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….
