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.
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.
The author outlines key components of the FERS system you will need to have a successful retirement.