Congressmen Press OPM for Answers About FLTCIP Premium Increases
Two Congressmen are asking OPM for details on what the agency plans to do to curtail future premium increases for FLTCIP enrollees.
Two Congressmen are asking OPM for details on what the agency plans to do to curtail future premium increases for FLTCIP enrollees.
OPM has renewed its contract with LTC Partners to have the company continue providing BENEFEDS services to federal employees.
In testimony offered to Congress, John Hancock explained the need for the recent premium increases to the FLTCIP.
Many federal employees are facing steep hikes in their long term care insurance premiums. The National Active and Retired Federal Employees Association provided suggestions at a Congressional hearing for ways to address the situation.
John Hancock Financial, the company that currently oversees the Federal Long Term Care Insurance Program, announced this week that it will no longer sell new long term care insurance policies.
Federal employees under FLTCIP are facing a big hike in long-term care premiums. The author suggests they stay calm and explore other options.
Three Congressmen sent a letter to OPM requesting that the enrollment deadline for the Federal Long Term Care Insurance Program (FLTCIP) be extended so federal employees have more time to weigh their options in light of the steep premium increases they are facing.
Federal employees and retirees will face a series of difficult decisions over the next month as they think about funding their benefit contributions in the midst of rising costs.
The author outlines key components of the FERS system you will need to have a successful retirement.
A House Committee has sent a letter to the president of John Hancock Financial Services asking for more information about the “significant FLTCIP premium increases and their effect on federal workers.”