James48843
08-11-2016, 10:15 AM
A new "open Season" for Federal Employee Government Life Insurance (FEGLI) is coming soon- for the first time in 12 years.
[quote]
When is the next FEGLI life insurance open season?
Increasing life insurance:
UPDATE: A FEGLI life insurance open season has been scheduled for September 1 through September 30, 2016. Coverage elected during the open season will be effective the first pay period beginning on or after October 1, 2017. For more information, please visitwww.opm.gov/life (http://www.opm.gov/life).
Outside of an open season, eligible employees can enroll or increase their coverage by taking a physical exam or with a Qualifying Life Event.
For more information about the physical exam, please see SF 2822 (http://www.opm.gov/forms/pdf_fill/sf2822.pdf).
FEGLI life events are marriage, divorce, death of spouse, or acquisition of an eligible child. With a life event, you can enroll or increase coverage in Basic, Option A, up to five multiples of Option B, and/or up to five multiples of Option C. You must submit an SF 2817 (http://www.opm.gov/forms/pdf_fill/sf2817.pdf) to your human resources office within 60 days after the life event.
Reducing or cancelling life insurance:
You can reduce or cancel your FEGLI life insurance at any time, without waiting for an open season.
If you are an employee, submit an SF 2817 (http://www.opm.gov/forms/pdf_fill/sf2817.pdf) to your human resources office, signing only for the coverage you want to keep.
If you are retired, there is no form; you must write a signed letter to OPM's Retirement Office stating clearly the reduction or cancellation you want to make. Be sure to include your signature, annuity number (CSA/CSF) or social security number, and your phone number. Send the letter to:
Office of Personnel Management
Retirement Operations Center
P.O. Box 45
Boyers, PA 16017-0045
Please note that you cannot enroll, increase coverage, or restore cancelled coverage after you have retired.
Changing beneficiaries:
You can change beneficiaries at any time, without waiting for an open season. Submit an SF 2823 (http://www.opm.gov/Forms/pdf_fill/sf2823.pdf) to your human resources office, or to OPM's Retirement Office if you have retired. The address for OPM's Retirement Office is on page 3 of the form.
[/qiote]
Good time to think about your coverage.
[quote]
When is the next FEGLI life insurance open season?
Increasing life insurance:
UPDATE: A FEGLI life insurance open season has been scheduled for September 1 through September 30, 2016. Coverage elected during the open season will be effective the first pay period beginning on or after October 1, 2017. For more information, please visitwww.opm.gov/life (http://www.opm.gov/life).
Outside of an open season, eligible employees can enroll or increase their coverage by taking a physical exam or with a Qualifying Life Event.
For more information about the physical exam, please see SF 2822 (http://www.opm.gov/forms/pdf_fill/sf2822.pdf).
FEGLI life events are marriage, divorce, death of spouse, or acquisition of an eligible child. With a life event, you can enroll or increase coverage in Basic, Option A, up to five multiples of Option B, and/or up to five multiples of Option C. You must submit an SF 2817 (http://www.opm.gov/forms/pdf_fill/sf2817.pdf) to your human resources office within 60 days after the life event.
Reducing or cancelling life insurance:
You can reduce or cancel your FEGLI life insurance at any time, without waiting for an open season.
If you are an employee, submit an SF 2817 (http://www.opm.gov/forms/pdf_fill/sf2817.pdf) to your human resources office, signing only for the coverage you want to keep.
If you are retired, there is no form; you must write a signed letter to OPM's Retirement Office stating clearly the reduction or cancellation you want to make. Be sure to include your signature, annuity number (CSA/CSF) or social security number, and your phone number. Send the letter to:
Office of Personnel Management
Retirement Operations Center
P.O. Box 45
Boyers, PA 16017-0045
Please note that you cannot enroll, increase coverage, or restore cancelled coverage after you have retired.
Changing beneficiaries:
You can change beneficiaries at any time, without waiting for an open season. Submit an SF 2823 (http://www.opm.gov/Forms/pdf_fill/sf2823.pdf) to your human resources office, or to OPM's Retirement Office if you have retired. The address for OPM's Retirement Office is on page 3 of the form.
[/qiote]
Good time to think about your coverage.