Long-term care insurance rates go up for new federal enrollees

Premiums in the long-term care insurance program for federal and military personnel, retirees and certain family members have increased, with no prior notice, for those newly buying coverage.

The Office of Personnel Management has said that rates rose as of Aug. 1 for new enrollees in the Federal Long Term Care Insurance Program, which offers in-home and nursing home care benefits for those with certain physical or mental incapaciites.

The FLTCIP program is a voluntary benefit whose costs are borne by enrollees. The insurance is offered through an OPM contract with the John Hancock Life & Health Insurance Co.

– The Washington Post

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