Is this an
ongoing benefit?
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Yes, once you participate in premium conversion, your
participation continues automatically unless you elect not to participate.
Each year during FEHB Open Season you may decide whether or not to
participate for the following year.
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Does
premium conversion have any effect on CSRS, FERS, TSP, or FEGLI benefits?
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No. Federal retirement, thrift savings and life insurance
benefits are not affected by participation in premium conversion.
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