Federal Employees’ Group Life Insurance Program Sets ‘Open Season’The U.S. Office of Personnel Management (OPM) recently announced the first open season for the Federal Employees’ Group Life Insurance Program (FEGLI) since 1999. The FEGLI 2004 Open Season will take place from Sept. 1 through Sept. 30, 2004, to celebrate the 50th anniversary of the program.
“The Federal Employees’ Group Life Insurance Program is just one of the federal benefits that employees can use to plan for the future and to anticipate the fulfillment of essential responsibility to their families,” said OPM Director Kay Coles James in announcing the open season May 25. “This will give federal employees the opportunity to make any adjustments they need to better plan for the future.”
The FEGLI program consists of basic life insurance coverage and three options that include coverage for up to five times an employee’s base salary plus coverage for family members. In most cases, a new federal employee is automatically covered by basic life insurance. The types and amounts of coverages available are not changing.
During the open season, federal and U.S. Post Office employees in eligible positions may enroll in the FEGLI program or increase or change current coverage without having a physical or answering any questions about their health. The earliest that newly elected coverage will be effective is Sept. 1, 2005.
OPM offers much more information on line here
The federal government established the FEGLI program on Aug. 29, 1954. It is the largest group life insurance program in the world, covering over 4 million federal employees and retirees, as well as many of their family members.
###
Printer Friendly Page