A one-year open enrollment season for the Survivor Benefit Plan is scheduled to begin Oct. 1. During
the open season, beneficiaries not currently participating in SBP will be permitted to enroll. In
addition, those participating in SBP at a reduced base amount may increase the base amount. Lastly,
beneficiaries who currently have child only coverage will be permitted to add spouse or former spouse
coverage to their existing plan. A buy-in premium will represent the costs the individual would have
paid for this election had it been made at the onset of eligibility. Also, interest and any actuarial
charges will be added. When available, the costs associated will be posted at
href=”http://www.dfas.mil” target=”_blank”>www.dfas.mil
officials point out that individuals who refused SBP many years ago may find the buy-in premiums
cost-prohibitive in relation to the benefits.
