FEGLI Premiums Are Changing This Fall

New FEGLI premiums will be taking effect soon for most of the plan options.

The Office of Personnel Management announced this week that the premiums for certain categories under the Federal Employees Group Life Insurance (FEGLI) program are being instituted effective October 1, 2021. Some premiums are increasing, but others are going down.

Changes to FEGLI Premiums

New premiums will apply to the Basic, Option A, Option B, Option C and the Post-Retirement Basic Options under FEGLI. They will take effect the first pay period on or after October 1.

Tables with the new and current premiums are included below for reference along with each plan option that is undergoing premium changes.

The Office of Personnel Management also has a listing of both current and historical FEGLI premiums on its website. The last change to premiums was in 2012.

Employee Basic Insurance (per $1,000 of Insurance)

The new premiums for the Basic insurance option under FEGLI are as follows:

Bi-weeklyMonthly
Employee$0.1600$0.3467
Government0.08000.1733
Total0.24000.5200
The premiums for compensationers who are paid every four weeks are two times the biweekly premium

Currently, the premiums for the Basic option are $0.15 biweekly and $0.325 monthly for all ages.

Option A (for $10,000 of Insurance)

The new premiums for Option A under FEGLI are as follows; current (0ld) figures are included for reference:

Age GroupBiweekly (New)Monthly (New)Biweekly (Old)Monthly (Old)
Under 35$0.20$0.43$0.20$0.43
35–39$0.20$0.43$0.30$0.65
40–44$0.30$0.65$0.40$0.87
45–49$0.60$1.30$0.70$1.52
50–54$1.00$2.17$1.10$2.38
55–59$1.80$3.90$2.00$4.33
60+$6.00$13.00$6.00$13.00

Option B (per $1,000 of Insurance)

The new premiums for Option B under FEGLI are as follows; current (0ld) figures are included for reference:

Age GroupBiweekly (New)Monthly (New)Biweekly (Old)Monthly (Old)
<35$0.02$0.043$0.02$0.043
35-39$0.02$0.043$0.03$0.065
40-44$0.03$0.065$0.04$0.087
45-49$0.06$0.13$0.07$0.152
50-54$0.10$0.217$0.11$0.238
55-59$0.18$0.39$0.20$0.433
60-64$0.40$0.87$0.44$0.953
65-69$0.48$1.04$0.54$1.170
70-74$0.86$1.86$0.96$2.080
75-79$1.80$3.90$1.80$3.900
80+$2.88$6.24$2.64$5.720

Option C (per Multiple of Insurance)

The new premiums for Option B under FEGLI are as follows; current (0ld) figures are included for reference:

Age GroupBiweekly (New)Monthly (New)Biweekly (Old)Monthly (Old)
<35$0.20$0.43$0.22$0.48
35-39$0.24$0.52$0.27$0.59
40-44$0.37$0.8$0.41$0.89
45-49$0.53$1.15$0.59$1.28
50-54$0.83$1.8$0.92$1.99
55-59$1.33$2.88$1.48$3.21
60-64$2.43$5.27$2.7$5.85
65-69$2.83$6.13$3.140$6.80
70-74$3.83$8.30$3.830$8.30
75-79$5.76$12.48$5.260$11.40
80+$7.80$16.90$7.200$15.60

Post-Retirement Basic Insurance for Annuitants

The new premiums for post-retirement basic insurance under FEGLI are as follows; current (0ld) figures are included for reference:

Before age 65 (New)After age 65 (New)Before age 65 (Old)After age 65 (Old)
75% Reduction$0.3467No cost$0.3250 monthlyNo cost
50% Reduction$1.0967$0.75$1.0350 monthly$0.71 monthly
No Reduction$2.5967$2.25$2.4550 monthly$2.13 monthly

Post-Retirement Basic Insurance for Compensationers


Before age 65
After age 65
75% Reduction$0.32No cost
50% Reduction1.01$0.69
No Reduction2.392.07
Withholding every four weeks per $1,000 of insurance

About the Author

Ian Smith is one of the co-founders of FedSmith.com. He enjoys writing about current topics that affect the federal workforce.