OPM rejects call to delay federal long term care price hike

Members of Congress are urging the Office of Personnel Management to delay a major price hike in the long-term-care insurance program for federal employees and retirees.

In a letter sent Friday to acting OPM director Beth Cobert, Reps. Chris Van Hollen (Md.), Gerry Connolly (Va.) and Don Beyer (Va.), all Democrats, criticized the agency for approving the increase, which will average 83 percent and go as high as 126 percent.

The letter quoted literature sent to customers in 2002: “Your premiums can change only with OPM’s approval and only on a group, not an individual, basis.” John Hancock Life and Health Insurance provides the insurance.

Complaining that “our constituents were blindsided,” the lawmakers said the policyholders “are now faced with paying the increased premium or reducing or even dropping coverage that some have held since the program began more than a decade ago.”

The letter urged an extension of the Sept. 30 deadline customers have to make a decision about their long-term-care policy.

– The Washington Post

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