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com)-- Congress has formally repealed the federal long term care insurance program, the CLASS Act, as part of the American Taxpayer Relief Act of 2012 signed into law yesterday by President Obama.
Employees can calculate the average cost of assisted living, home health care and nursing home care in a specific geographical area by using the Federal Long Term Care Insurance website, www.
If you or your spouse is a federal employee or active-duty service member, now is a particularly good time to look into the Federal Long Term Care Insurance Program, the nation’s largest group plan.
Some 265,000 federal employees applied for long-term-care insurance during the open season of the Federal Long Term Care Insurance Program, according to the company formed to run it.
A recent survey of 400 federal employees making at least $50,000 a year reveals that almost two thirds of them are aware that for the first time in 10 years, the Office of Personnel Management is conducting an open season for the Federal Long Term Care Insurance Program.
Citing data from the only study of policyholder action following a rate increase Slome points out that when faced with a 25 percent premium increase as part of the Federal long term care insurance program some 46.
Total includes individual and group long-term care insurance and 50% of the Federal Long Term Care Insurance Program.
Open-enrollment season began July 1 for the Federal Long Term Care Insurance Program, which will make long-term-care insurance available to employees of the federal government and their families.