New FEGLI rates – Many premiums will be lower
Effective Oct. 1, premiums for Federal Employees’ Group Life Insurance (FEGLI) will change for some forms of coverage.
Most rates for options A, B and C will decrease, according to the Office of Personnel Management. However, older age bands in options B and C will see an increase, and rates also will rise for retirees’ basic insurance with 50 percent reduction and with no reduction.
The new rates will be updated on the FEGLI website in October.
Postal Service employees can expect to see the changes reflected in their paycheck after the first full pay period after Oct. 1.