Reminder on Upcoming FEGLI Open Season

July 15, 2016

The U.S. Office of Personnel Management (OPM) will be holding an Open Season for the Federal Employees’ Group Life Insurance Program (FEGLI) September 1–30, 2016.  Unlike other federal employee benefit programs that hold annual Open Seasons, such enrollment opportunities are fairly rare for the FEGLI program with the last one occurring in 2004.  Please note that any coverage changes made under the upcoming FEGLI Open Season will take effect October 1, 2017, and the Open Season is available only to current federal employees.  All election changes should be provided to the employee’s HR office at their employing agency.  

 

Additional information from OPM can be found at: 

https://www.opm.gov/healthcare-insurance/life-insurance/open-season/

 

A video about the Open Season can be found at: 

https://www.youtube.com/watch?v=gfO2x1Xc5uE&feature=em-uploademail

 

Authorized by law, FEGLI is a life insurance program for federal and postal employees and retirees.  OPM is charged with administering the program and setting premiums, and contracts with Metropolitan Life Insurance Company (Metlife) to provide the insurance coverage.  In fiscal year 2015 over 76,000 death and dismemberment claims were paid, totaling $2.9 billion in benefit payments.  

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© 2016 by National Treasury Employees Union Chapter 137, Miami, FL

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