FEGLI Program Booklet For U.S. Postal Service Employees

Changes And Clarifications

This Booklet differs from the previous version (RI 76-20 dated January 2001) in the following ways:

Revised Premiums and Age Groups effective January 1, 2003:

• This Booklet reflects reduced premiums for Basic insurance and for several of the Option B age bands, effective January 1, 2003. In addition, we added additional age bands and premiums for Option B. The previous upper age group was "60 and over." We added five new age groups: 60-64, 65-69, 70-74, 75-79, and 80 and over. The Option B premiums are being phased in over a three-year period from 2003-2005, as described in the chart on page 8.

• This Booklet reflects additional age bands and premiums for Option C, effective January 1, 2003. The previous upper age group was "70 and over." We added three new age groups: 70-74, 75-79, and 80 and over. The Option C age bands and premiums are described in the chart on page 9.

Changes due to Public Law 105-311, enacted October 30, 1998:

• We revised the life events chart on page 12 to clarify changes to the number of multiples of Option C.

• We clarified the number of Option C multiples you can elect in the case of a life event. You can elect any number of multiples up to the total allowable (which is five multiples), regardless of the number of family members you have or acquired.

• We deleted language explaining Portability. The provision of the law that authorized Portability coverage expired April 24, 2002. Portability of Option B for employees whose life insurance terminated is no longer available.

Other Clarifications and Revisions

• We revised the list of exclusions for payment of Accidental Death and Dismemberment (AD&D) benefits as follows:

  • We included driving a vehicle while intoxicated as defined by the laws of the jurisdiction in which you were operating the vehicle;

  • We deleted hernia.

• We amended the timeframe for an employee to file a claim for Accidental Death and Dismemberment based on the date of injury from 90 days to "not more than one year from the date of the accident."

• We added a footnote for "When Will My Insurance Stop?" on page 13 to clarify the FEGLI termination date for employees separated for military duty as reservists.

• We added more information under "What Happens to My Life Insurance Coverage When I Retire?", including a brief description of the choices you will have if you qualify to carry FEGLI coverage into retirement.

• This Booklet reflects our continued emphasis on the time limits for electing Optional insurance, converting your insurance, and otherwise making changes in your coverage.

• This Booklet reflects our continued emphasis on reminding employees that any coverage not signed for is considered waived/cancelled. You are responsible for knowing what your insurance coverage is, its cost, when it terminates, and who is entitled to payment of the death benefits.

• This Booklet reflects our continued emphasis on clarity and plain language.

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