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Federal Long-Term Care Insurance Just Got More Expensive for Some
Government Executive: Premiums increased Aug. 1 for new enrollees in the Federal Long Term Care Insurance Program, according to the Office of Personnel Management.
OPM sent agency benefit officers a notice on Monday informing them of the rate increases, which do not affect current enrollees in the FLTCIP. The notice said the agency and insurer John Hancock periodically review program pricing “to assess the adequacy and appropriateness of the premium rates available to new FLTCIP enrollees.”
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