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Regardless of your age when you retire, the retiree life benefits under FEGLI don’t start until you reach age 65. Retiree life options under FEGLI allow for employees to gradually reduce their insurance while discontinuing their premiums. If you retire from federal service prior to age 65, you will continue to pay your FEGLI premiums at the same rates as an active employee.
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Q: Share of Costs for Benefits?

The federal benefits cost share:

Coverage

Government Pays

You Pay

 FEGLI

- Basic Life
-
Optional Life

 

1/3 of the cost
-0-

 

2/3 of the cost
100%

 FEHB

(Health Insurance)

 

72% to 75%

 

25% to 28%

 Dental Insurance

 -0-

100%

 Vision Insurance

 -0-

100%

 Long Term Care Insurance

 -0-

 100%

 TSP

- Automatic
- Voluntary

 

1%
Up to 4%

 

-0-
Up to IRS Elective Deferral Limit

FERS

- Regular
- Special Groups

 

 .80%
1.30%

 

.80%
1.30%

 Social Security

 6.20%

 6.20%