Due to the COVID-19 Pandemic, IRS Notice 2020-291 permits increased flexibility for mid-year elections for Health Care Flexible Spending Accounts (HCFSA), Limited Expense Health Care Flexible Spending Account (LEX HCFSA), and Dependent Care Flexible Spending Accounts (DCFSA).
As of July 1, 2020, there are now ten Lifecycle (L) Funds to choose from instead of the five that were available. The Federal Retirement Thrift Investment Board added the additional L Funds so that the target dates are separated by only five years instead of ten, allowing TSP participants to more precisely target the time when their money will be needed. Six more L Funds have been added, and the L 2020 Fund, having reached its target date, has been rolled into the L Income Fund.
Effective June 15, 2020, the administrators of the Federal Long Term Care Insurance Program (FLTCIP), the Long Term Care Partners, became known as FedPoint. The name change will not affect the program or the administration of the program.
It is very important and your responsibility to review your Leave and Earnings Statement (LES) each payday to ensure that proper deductions are being withheld. You can access your LES at any time in myPay. Should you discover a benefits withholding problem, notify your Benefits Contactimmediately.
You may reduce or cancel your FEGLI coverage at any time by completing the Life Insurance Election Form, SF 2817, and submitting it to the Retirement and Employee Benefits Branch (REBB) in Bldg 31/Rm 1B37. The REBB office at NIEHS is located in Keystone/Rm 1105. If you want to reduce life insurance, sign only for the coverage you want to keep.
Temporary Continuation of Coverage (TCC) is available to: 1) employees who lose their FEHB Program coverage because they leave their Federal jobs; 2) children who lose their FEHB Program family member status because they reach age 26; and 3) former spouses who lose their FEHB Program family member status because of divorce or annulment.
The Spouse Equity provisions of law allows the former spouse of a Federal employee or annuitant to enroll in The Federal Employees Health Benefits (FEHB) Program if he or she: 1) was covered under FEHB as a family member at some time during the 18 months before the marriage ended; 2) has not remarried before reaching age 55; and 3) has a qualifying court order (a court order that awards the former spouse a portion of the employee's or retiree's annuity benefit or a survivor benefit based on the employee's o