Showing posts with label Long-Term Care Planning. Show all posts
Showing posts with label Long-Term Care Planning. Show all posts

Friday, January 10, 2025

OPM extends long-term care program suspension | New enrollments are on hold until December 2026

Title: OPM extends long-term care program suspension | New enrollments are on hold until December 2026

Article Snip: "...The U.S. Office of Personnel Management has extended the suspension period for all new Federal Long Term Care Insurance Program applications.

The agency, also known as OPM, initially suspended applications for two years beginning in 2022. This suspension has been extended until Dec. 19, 2026.

In a statement, OPM said the suspension is needed because of ongoing volatility in long-term care costs and a diminished insurance market...
"

Important notice about premiums:
FLTCIP enrollees with the automatic compound inflation option (ACIO)
The Federal Long Term Care Insurance Program (FLTCIP) held the 2023 Enrollee Decision Period from September to November 2023, providing FLTCIP enrollees personalized options to help mitigate the impact of a premium rate increase, effective January 1, 2024. Impacted enrollees with ACIO for inflation protection had the option to pay their premium increase in three phases. The second phase of the premium increase is effective January 1, 2025. We mailed a letter in early December notifying those who are affected. Log into your My LTCFEDS account for more information


Reference: usps.com
Federal Long Term Care Insurance Program (FLTCIP)






Monday, September 1, 2014

A Must Read: Planning For Long-Term Care For Dummies


Title: Planning For Long-Term Care For Dummies

Planning for Long-Term Care For Dummies
Long-Term Care Planning (Amazon)
Article Snip: "...As we live longer and healthier lives, planning for the long term has never been more important. Planning gives you more control, but it’s not easy to find accurate information and answers to your questions. That’s where AARP’s Planning For Long-Term Care For Dummies (For Dummies (Business & Personal Finance)) comes in. This comprehensive guide gives you questions to ask yourself and others about how best to achieve your goals, whether you have immediate needs or can take some time to sort out the possibilities. The book Covers home modifications so that you can stay at home safely for as long as you like Lays out the opportunities and costs associated with independent living, assisted living, and other options Gives you a range of driving and transportation alternatives Sorts out the various sources of care at home Helps you navigate the healthcare system Reviews the legal documents you should prepare and update Helps you determine whether you need long-term care insurance Offers checklists and other resources to help you make decisions Gives you guidance on how to talk to your family about sensitive issues If you're looking for trusted information on how to prepare for the future care needs for yourself or a relative, this sensitive, realistic, and authoritative guide will start you on the right road...."
Reference: Amazon