Life Event not Reported

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A Life Event, affecting my FEGLI was not reported for 2 years, which technically resulted in my “overpayment” into the plan. Would I be entitled to a refund for those 2 years? Thank you.

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Posted by (Questions: 1, Answers: 1)
Asked on October 31, 2017 2:34 pm
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Without more specific information I am unable to answer your question. However, 5 CFR 870.505(b) states “(b) A cancellation of Optional insurance becomes effective, and Optional insurance stops, at the end of the pay period in which the waiver is properly filed. Exception: if Option C is cancelled because there are no eligible family members, the effective date is retroactive to the end of the pay period in which there stopped being any eligible family members.”

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Answered on October 31, 2017 3:45 pm
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I’ve worked w/the fed gov (A), since 1988. In July 2014, I divorced and that same month, was hired at a different fed gov agency (B); in July 2016, I resigned from fed gov agency (B); in Oct 2016, I was “reinstated/rehired” at fed gov agency (A); in Aug 2017, I was informed (by HR) that my FEGLI was not set correctly. I realized THEN, that since I had not informed HR (fed gov agency B) of the “life event”, the FEGLI deductions being deducted from my earnings from July 2014-July 2016, was for “Family”. As of this date, fed gov agency (A) has only corrected my master record going back to Oct 2016, when I was “reinstated/rehired”, and I am awaiting to be compensated for the “overpayment”, because the FEGLI coding wasn’t officially corrected by HR, until Oct 2017. I’m planning to submit a request to correct the coding for the 2 years I was w/fed gov agency (B)…but, am receiving pushback from fed gov agency (A)…..

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Posted by (Questions: 1, Answers: 1)
Answered on February 7, 2018 4:23 pm