MyFEDBenefits is hosting a special giveaway for USPS workers on their Facebook page this holiday season, from December 13th through December 20th.

Waco, TX -- (ReleaseWire) -- 12/14/2018 -- To recognize postal workers for all their hard work during the holiday rush, MyFEDBenefits is hosting a holiday giveaway on their Facebook page from Thursday, December 13th through Wednesday, December 20th. Nominate a fellow postal worker whom you feel has gone above and beyond in their job for a chance for both of you to win a special prize pack.

MyFEDBenefits knows how hard the United States Postal Service works, so in the spirit of the holiday season, they want to say thank you by awarding 10 lucky winners a prize pack that includes a Starbucks gift card and MyFEDBenefits fuzzy hat. And since it's the season of giving, they're asking you to nominate a fellow postal worker to win with you.

To enter this giveaway, comment on their pinned Facebook post with a favorite memory or heart-warming story about one of your coworkers at the United States Postal Service. Share why you think they deserve to win something extra special this year for a chance for both of you to win. The giveaway runs through December 20th, after which time a panel of judges will select the 10 winners.

The holiday season brings with it lots of extra work for the United States Postal Service. Due to the large influx of packages that need to be mailed throughout November and December, it becomes increasingly harder for postal workers to keep up, which often results in a USPS holiday slowdown.

This year, the USPS states that they are expecting to deliver nearly 15 billion pieces of mail and 900 million packages between Thanksgiving and New Year's Day. Staying true to their motto, "neither snow nor rain nor heat nor gloom of night stays these couriers from the swift completion of their appointed rounds," USPS employees work tirelessly all season long. From shipping care packages to troops overseas to delivering children's letters as part of their #LettersFromSanta program, postal workers help make everyone's holiday season a little brighter.

Help MyFEDBenefits recognize the hard work of your fellow USPS workers from December 13th through December 20th. "Like" the MyFEDBenefits Facebook page and share a comment with your nomination for a chance to win their USPS holiday giveaway.

About MyFEDBenefits
MyFEDBenefits is a free resource for all federal employees, providing assistance with benefit and retirement questions and challenges.

Contact MyFEDBenefits at (877) 741-1254 or by email at info@mfbhelp.com.

For more information on this press release visit: http://www.releasewire.com/press-releases/myfedbenefits-hosts-giveaway-for-usps-workers-during-holiday-season-1105005.htm

Most federal employees are eligible for FEGLI life insurance, but is it always the best option? A new quiz available is aimed at helping government workers determine their best benefits by answering just a few quick questions.

Waco, TX -- (ReleaseWire) -- 08/03/2016 -- Most federal employees will automatically default to a federal life insurance policy, even if it is not the best one for them and their families. FEGLI is the largest group life insurance program in the world, covering over 4 million federal workers. The open enrollment period for FEGLI rarely happens – the last one being in 2004 – so September 2016 represents the only chance for people who qualify to enroll over the next 15-20 years. A new quiz can help individuals with this crucial decision-making process.

"The FEGLI open enrollment period can be a critical decision-maker time for many federal employees and their families," states Gary Aiello, owner of MyFEDBenefits. "We want to make the process as smooth as possible when it comes to selecting the right life insurance which is why we created this special FEGLI Quiz to help federal employees assess their options."

The target market for the new FEGL quiz are:

- Federal government employees
- Ages 55+
- Who are considering retirement in the next 3-5 years

The questions are basic inquiries into health and workplace status. One benefit of the "open season" period in September is that eligible federal workers can enroll or increase coverage without taking a physical examination or experiencing a qualifying life event such as a marriage, divorce, death of a spouse, or caring for a child with a disability. Open seasons are designed to attract more healthy individuals to the pool, but less healthy individuals may take advantage of this period too.

Basic FEGLI coverage is fairly straightforward – equal to one's base pay rounded up, plus $2,000. For example, someone making $42,400/year would receive $45,000 in coverage. In addition to the Basic plan, there are three forms of Optional insurance to choose from. Option A provides $10,000 to beneficiaries in the event of the government worker's death; Option B lets workers choose 1,2,3,4, or 5 multiples of base pay (rounded up) to be paid out upon death. Option C for families provides automatic coverage for all eligible family members in increments of $5,000.

While the FEGLI deduction is relatively inexpensive for young people, FEGLI is not the most cost-effective option for life insurance in the long run. "If you're under 35, a sample plan would be something like $250,000 coverage for just $5 per pay period," explains Aiello. "However, the rates continue to periodically increase as you age so that by 75, you're paying $450 per pay period." Once retirement occurs, workers will only have the option to reduce coverage and will be locked into rate increases. Even so, it may be a good option, particularly if people have health issues or higher risk jobs, says Aiello.

In addition to the FEGLI quiz, the MyFEDBenefits website also offers access to one-on-one consultants, a free benefits workbook, and recent news articles pertaining to federal employee benefits.

Interested government workers nearing retirement can get more information at www.MyFEDBenefitsHelp.com.

About MyFEDBenefits
MyFEDBenefitsHelp.com is a website geared toward helping federal employees identify and take advantage of the best benefits available to them, so they can retire with the standard of living and lifestyle they have earned. Information on TSP, FEGLI, FERS, CSRS are among the many retirement options clearly explained on the site. With several decades of advisory experience and a team of Chartered Federal Employee Benefits Consultants on staff, MyFEDBenefits is a name you can trust.

For more information on this press release visit: http://www.releasewire.com/press-releases/myfed-benefits-releases-new-fegli-quiz-to-help-federal-employees-understand-life-insurance-options-711458.htm