Categories: Fedweek

FEGLI Open Season Coming Up

A rare open season for enrolling in or changing coverage levels in the Federal Employees Group Life Insurance program will be held in September, marking the 50th anniversary of the program. FEGLI typically holds open seasons only when benefit levels or premium rates change. Neither will change in the upcoming opportunity, which will be open only to active employees and certain rehired annuitants-and not to retirees otherwise. The elections and resulting premium changes won’t be effective until the first pay period of September 2005. FEGLI enrollees can cancel or reduce coverage at any time, but outside an open season they generally may only increase coverage by proving insurability or after experiencing certain life events such as marriage or the birth of a child. No proof of insurability will be required for elections made in the upcoming open season. Employees who do not wish to change their coverage will not have to do anything in the open season.

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