FEGLI & FLTCIP

Your Turn

FEGLI & FLTCIP

John Grobe, author of "The Answer Book on Your Federal Employee Benefits", joins host Mike Causey to discuss what feds should consider when making decisions about...

September 13, 2016 4:52 pm

1 min read

Federal workers have until the end of this month to make major decisions about their group life insurance packages(FEGLI) and what they can do to minimize or fend off the huge increase coming in their group long term insurance (LTC) plan.

It’s a golden opportunity for older employees and workers with medical conditions to sign up for, or increase coverage in their FEGLI plan without having to answer a lot of questions about their health. For both active and retired feds who want to continue their LTC coverage, but can’t afford the coming premium hike — which will average $111 per month — there is a way to keep paying the same premiums in return for selecting reduced LTC coverage.

This week on “Your Turn”, host Mike Causey will be talking to John Grobe, author of The Answer Book on Your Federal Employee Benefits, about the choices that are facing many of you this month.

All current employees may participate in the current FEGLI open season (the first one in 12 years), so we will do an overview of the FEGLI program and then take a look at the following questions (and more):
How much life insurance do I need? Hint – Maybe not what you think you need.
Can I enroll in FEGLI outside of an open season? Yes, but there are qualifications that must be met.
Is FEGLI the best insurance deal available? It depends.
What if I’m retiring soon? Then maybe you want to sit out the open season.

The show airs on-line at today at 10 a.m. EDT. You can also listen on 1500 AM or dial 712-432-5393 to listen live from any phone. The show will be archived on our home page so you can listen again, or later, or refer a friend.