In this episode of Rayna Retirement, Rayna Reyes breaks down one of the most commonly misunderstood federal benefits: FEGLI family coverage (Option C).
Using her signature relatable style, Rayna explains exactly who is covered under this plan—spouses and dependent children—and when that coverage ends. She highlights a key detail many federal employees overlook: children age out of FEGLI coverage at age 22, not 26 like health insurance.
Rayna also walks through how FEGLI family coverage is structured, including unit pricing, benefit amounts, and why the cost does not decrease even if fewer family members remain eligible. She shares real-world scenarios where individuals unknowingly continued paying for coverage that no longer applied—and how, in some cases, they may be eligible for refunds.
The episode also explores whether it makes sense to keep FEGLI family coverage into retirement, with a strong case for maintaining it when a spouse is still eligible—especially given its affordability and lack of underwriting requirements.
If you’re a federal employee or retiree trying to make smart decisions about your benefits, this episode provides practical insights that could save you money and protect your family.
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Contact Rayna directly at 850-450-6500
Or call the American Federal Benefits Consultants team at 1-800-872-8857
Visit: AmericanFederal.org
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YouTube: https://www.youtube.com/@RaynaRetirement
Rayna Retirement is the go-to podcast for federal employees – or anyone – looking to make smarter financial decisions with clarity and confidence. Hosted by Rayna Reyes, co-founder of American Federal Benefits Consultants, this show simplifies the complexities of retirement, benefits, and financial planning.
Whether you're navigating your FERS or CSRS pension, maximizing your TSP, or seeking expert advice on 401(k)s or IRAs, Rayna is here to guide you every step of the way. Tune in for practical knowledge, ethical solutions, and expert insights as you prepare for a secure and fulfilling retirement.
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