Readers' Comments
Total Comments: 45
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How The Premium Increase for Federal Long Term Care Insurance May Impact You
Total Comments: 45
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| Close | Change | YTD | |
| G | $13.2102 | +0.0011 | +0.69% |
| F | $13.6263 | -0.0136 | +2.19% |
| C | $13.8822 | -0.0041 | +5.03% |
| S | $18.1185 | -0.0839 | +10.07% |
| I | $18.5861 | -0.1653 | +0.26% |
| Close | Change | YTD | |
| L 2040 | $16.2757 | -0.0497 | +4.10% |
| L 2030 | $16.0266 | -0.0418 | +3.66% |
| L 2020 | $15.7897 | -0.0336 | +3.06% |
| L 2010 | $15.4792 | -0.0113 | +1.70% |
| L Income | $14.1011 | -0.0086 | +1.59% |
March 18, 2010
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Long Term care Insurance
DHHS
Tue Sep 29, 2009 10:16 AM
Post Reply
When this benefit first came around I discussed it with a few friends and we all decided to avoid it. We knew the premiums would skyrocket like everything else connected to health care. The whole health care industry is an inflationary business model and without a single payer system it will remain one. We also realized our generation - the baby boomer generation - is going to want to die at home using Medicare's home health and hospice benefits instead of an impersonal institutional setting. Just one man's opinion.
Re: Long Term care Insurance
gov
Wed Sep 30, 2009 12:16 PM
Re: Long Term care Insurance
D.O.D
Tue Oct 13, 2009 5:36 PM
Fed Health plans increase by 8.8%
DOL
Tue Sep 29, 2009 10:45 AM
Post Reply
If my Federal Health premiums go up 8.8 percent, on average as reported by FedSmith, wouldn't the FLTC inflation protection option need to increase by a similiar amount and not be capped at 5 percent? Or is there more fine print saying "you're only protected by inflation until we decide you are not?"
Re: Fed Health plans increase by 8.8%
fed
Fri Oct 9, 2009 9:25 AM
Need information regarding this program
IRS
Tue Sep 29, 2009 10:56 AM
Post Reply
Please send me the information regarding long term insurance. Thanks
When long-term care was first offered .....
Various
Tue Sep 29, 2009 11:54 AM
Post Reply
....... one of the major "selling" points it touted was for younger folks to come on board as, at that younger age, your premiums would stay the same. Go back and look at the literature and tell me that I am wrong. Ever hear the term, "bait and switch" tactic often heard and used in the business selling community? This is a fast one that has been pulled on the "younger" generation. I wish I had the money to launch a class-action lawsuit. Someone should. Again, if anyone retains copies of the original literature sent out by OPM on this insurance product, you will read "no premium increases"! Live and learn ...........
Federal Long Term Care Insurance
USAF
Tue Sep 29, 2009 1:59 PM
Post Reply
Since this so-called benefit came out, i've thought it was really set up for people making over 100K per year, and i hear not too many of them are buying into it, since its no good without the inflation protection!
what a KITA
FED
Tue Sep 29, 2009 2:59 PM
Post Reply
It doesnt effect me as I took the advice to look outside the government offered plan and found we could get better coverage for less money - from the same insurance company no less! And so far in 6 years have not seen a rate increase.
This is real kick in the axx especially for the two younger age groups that will bear the brunt of these increases for many years, after being told to buy it young if possible as it would save you many bucks in premiums.
LTC
DOT
Tue Sep 29, 2009 3:39 PM
Post Reply
You're exactly right Hard-Working Federal Employee! The low, unchanging premium was the reason I signed up for the insurance. Cancel the LTC! Our premiums will be better off in our savings account!
Re: LTC
TSA
Thu Oct 1, 2009 5:05 PM