OPM has released details regarding the procedures to be used for those who wish to make changes in their life insurance coverage—including initially enrolling—during the rare FEGLI open season that will be conducted over the month of September. During that period—triggered by premium rate changes that took effect at the start of this year—employees who are not enrolled can elect FEGLI basic coverage as well as any or all of the optional coverages, while those already enrolled can increase their coverage, up to the maximum available. No physical exam or other proof of insurability will be needed. Elections are to be made by filing a new FEGLI election form (SF-2817) or its electronic equivalent, and selecting all the desired coverage (not just the coverage to begin or add; any coverage not specified on that form will be considered waived/canceled). Employees who do not wish to change their coverage will not have to do anything. The open season does not apply to retirees, except those working as rehired annuitants and “phased” retirees.
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