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You pay 100% of the premiums for your FEGLI Option B coverage. Unlike your Basic Life coverage which offers a level premium for all employees; Option B charges based on your age and the premiums increase every 5 years. Since Option B provides the most life insurance coverage under FEGLI it's the most expensive.

FEGLI charges the same rates regardless of whether or not you smoke, your overall health or if you are a male or female. If you don’t smoke and are reasonably healthy or if you are a female you may be overpaying for your Option B coverage.

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Overview

As a federal employee, you have access to several benefit programs through your employer. Yet with all these programs you may be paying more for your benefits than you realize. If you think about it, over your working career, you will spend tens of thousands of dollars contributing towards your benefits. We called this the federal benefits cost share.

In addition to having to pay a large portion of your premiums, the benefits you receive do not cover everything. Like with most employer sponsored benefit programs, these benefits provide a base level of coverage, and with each you have gaps in your benefits.

FedAdvantage strives to inform and educate you on your benefit offerings and to offer real solutions to problems you and your family face. By offering alternative and supplemental insurance products, we can provide you better alternatives designed to fill gaps in your benefits and save you money.

Find out more, with our Complimentary Services