Thursday, August 13, 2009

Federal employees shocked by Long Term Care insurance premium increases

Joe Davidson, in the Washington Post Federal Diary on Aug. 13, has an important story, “Buyers of Long Term Care Insurance Riled by Premium Increases,” p. A13. This refers to the benefit offered federal employees, but some were faced with 25% increases in their premiums this year, because of actuarial underfunding.

The link is here.

The story has a directly link to a Power Point document of the FLTCIP. The basic link for the program is this. The site has a calculator for long term care premiums for federal employees.

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