FLTCIP Premium Increases: What You Need to Know

December 2, 2016

Long-Term Care Congressional Hearing

On November 30, NARFE President Richard G. Thissen testified before the House Subcommittee on Government Operations about the recent premium increases in the Federal Long Term Care Insurance Program (FLTCIP). Thissen joined representatives from the John Hancock Life & Health Insurance Company, the Office of Personnel Management (OPM) and other insurance policy experts to detail the reasons behind the steep premium increases and to propose policy fixes to the program.   

In his testimony, Thissen stated: “It is incumbent on this subcommittee to support real reforms that provide Americans with affordable, reliable options. Enrollees should not bear the risk when insurance companies and actuaries make mistakes, and they should have options available to plan for their future needs.” NARFE proposed a number of policy options to ensure price stability and affordability and will continue to hold Congress and OPM accountable.

During the hearing, several lawmakers questioned representatives from John Hancock and OPM and expressed outrage over the increases. Ranking member Gerald E. Connolly, D-VA, vowed to bring OPM representatives back before the committee to provide definitive plans to fix the program. NARFE looks forward to working with stakeholders and lawmakers to bring premium stability to FLTCIP.

A video recording of the hearing, along with the written testimony of the witnesses, is available here. Be sure to read NARFE’s written testimony on the hearing.


October 5, 2016

2016 Enrollee Decision Period Ended, But Change in Coverage May Still Be Made

The initial September 30, 2016 deadline for making your long-term care decision has passed. However, Long Term Care Partners (LTCP) will be sending participants a confirmation packet in mid-October that will include your updated schedule of benefits, confirming your coverage and/or premium, effective November 1, 2016. Please note that you will have 30 days from the date you receive the confirmation package to make a change if you wish, including any of the personalized options that you received in July. To request a change, simply call the LTCP Customer Service Center at 1-800-LTC-FEDS (1-800-582-3337) or TTY 1-800-843-3557.

If you make a change during the 30-day review period, LTCP will adjust your premium and it will appear in a subsequent billing cycle. Any coverage and/or premium changes will be made retroactive to November 1, 2016. The November billing cycle, however, will reflect any changes in premium and/or coverage you selected by September 30, 2016.

Even after the 30-day review period ends, you will be able to make changes to your benefits, such as decreasing coverage. However, the personalized options will no longer be available. You can request a change to any plan combination available within your current plan but increases to your coverage may require underwriting.

If you have misplaced your EDP package or have any questions, you can call the LTCP Customer Service Center at 1-800-LTC-FEDS (1-800-582-3337) TTY 1-800-843-3557, or visit www.LTCFEDS.com.


September 28, 2016

Important Contact Information for Federal Long Term Care Insurance Program

With the decision deadline only two days away, NARFE repeats this important contact information:

• The Long Term Care Partners (LTCP) website https://www.ltcfeds.com/ includes answers to many questions as well as instructional webinars and videos.

• Call LTCP: 1-800-582-3337 from 8 a.m. to 8 p.m. Eastern Time (TTY 1-800-843-3337).

• As always, NARFE’s Federal Benefits Service Department staff members are available to help NARFE members get answers to their questions. Call 703-838-7760 and ask for NARFE Federal Benefits, or fedbenefits@narfe.org.


September 23, 2016

Long-Term Care Insurance Decision Date Fast Approaching

Don’t forget! Enrollees have until September 30 to make a decision about their Federal Long Term Care Insurance Program (FLTCIP) policies. If you do not confirm your decision by September 30, you will be subject to the increased premium, and your coverage will remain the same. A packet, detailing your decision, will be mailed to you after the deadline. You will then have 30 days to make any changes to your insurance options.


September 12, 2016

Navigating the Long Term Care Premium Increases: Making an Informed Decision
 45 Minute Webinar | Q&A Transcript


September 7, 2016

2016 Enrollee Decision Period Benefit Options Form Worksheet

A worksheet is now available to help you make an informed decision regarding your Federal Long Term Care Insurance Program (FLTCIP) coverage. This worksheet can be used, in conjunction with the September 9 FLTCIP webinar, to review factors that should be taken into account while making your decision. This worksheet can be found here.


August 19, 2016

Frequently Asked Question about the FLTCIP Premium Increases

Q: If I cancel my coverage now, can I receive a refund of the premiums I have paid since I enrolled in the FLTCIP?  

A: The FLTCIP Benefit Booklet you received when you enrolled is your contractual statement of benefits. It explains when a premium refund is allowed: 1) if you cancel within 30 days after you receive your benefit booklet when you are first approved for coverage (this 30-day period has been extended for certain new enrollees during the 2016 Enrollee Decision Period), or 2) if you’ve already paid premiums for a period that occurs after the effective date of your cancellation. There are no provisions in the benefit booklet or in the law and regulations governing the FLTCIP for refunds under any other circumstances.


Q: Why did rates increase?

A: FLTCIP is the largest long-term care insurance program in the country, and it uses an experience fund to pay for claims. An analysis of the fund by actuaries determined the rates would not cover future claims costs. Additionally, low interest rates prevented the fund from growing at the rate previously projected. The two factors contributed equally to the rate hikes, according to Long Term Care Partners.

Q: Do the increased premiums apply to everyone?

A: Premiums are increasing for all participants except for the following groups: Those who enrolled in the program on or after August 1, 2015; individuals who originally purchased the insurance when they were age 80 or older; and enrollees who currently have a claim pending (about 4,300 people).

Q: Which federal agency oversees the program?

A: The Office of Personnel Management. You can read more here.

Q: Is FLTCIP subject to review?

A: The program is reviewed internally every three years, and the contract is available for bidding every seven years. The program last was reviewed was in 2014; the current contract last was made available for bidding in 2016. John Hancock was the only company that bid on the contract.

Background: In May 2009, OPM selected John Hancock as the insurer for FLTCIP's second seven-year contract term. On October 1, 2009, John Hancock Life & Health Insurance Company became the sole insurer, and Long Term Care Partners, LLC, became a wholly owned subsidiary of John Hancock Life & Health Insurance Company.

In April 2016, OPM awarded FLTCIP's third seven-year contract, beginning May 1, 2016, to John Hancock to continue to provide insurance coverage for FLTCIP. Under the new contract, Long Term Care Partners, LLC, will continue to administer FLTCIP.

Q: What factors were used to determine the new premium rates?

A: Several factors were used to determine the premium increases. These include the frequency and severity of particular medical conditions, expected life span of enrollees, length of time an enrollee is expected to keep and use their coverage, the cost of care, the estimated return on investments, and the overall program expenses. As the program goes on, these factors can change.

Q: What factors were included when determining my new premium rate?

A: The specific premium increases vary, based on benefit options. For instance, the total benefit period, in particular a five-year period, costs more than the shorter periods, such as two or three years. Those who chose the five-year option saw their premiums rise at a greater rate than others. Other factors include inflation protection, whether you are on FLTCIP 1.0 or 2.0, and if you have more personalized options.

Long Term Care Partners assures NARFE that premium increases were based on coverage options and did not increase with the age of the enrollee.

Q: What would happen if there were no premium increases?

A: Without the premium increases, the program would eventually incur a budget shortfall and be unable to cover all claims.

Q: Were the premiums guaranteed when I purchased this insurance?

A: No, unfortunately, there has never been a legal guarantee that premiums could not increase on a class basis. Premiums only may not be increased on an individual basis. However, most enrollees believe they were not given the impression that premiums could rise as dramatically as they have, especially given stated intentions of providing premium stability.

Q: What happens if I don’t make a decision by the September 30 deadline?

A: If you don’t make a decision by September 30, your coverage will remain the same, and you will be charged the increased premium.

Q: I’ve been paying into the program since 2002. Does that factor into my new premium?

A: No. Your coverage option is what is driving your premium increase.

Q: What happens if no company bids on the next contract in seven years?

A: John Hancock would be required to continue providing coverage to those paying premiums, even if this program is not offered to new enrollees. However, premiums could still be increased to cover program liabilities, if necessary. Current enrollees do not need to worry about losing coverage.

Q: Whom should I contact to obtain more information about my individual situation?

A: Enrollees who want to schedule an appointment to discuss their benefits and options can do so by calling 800-582-3337 or by emailing appointments@ltcpartners.com.  

For particularly sensitive or complex situations, LTCP has a small team of experts to help NARFE members. They are:

• Darcie LeTendre, 603-296-9350 dletendre@ltcpartners.com;
• Don Mallett, 603-296-9336, dmallett@ltcpartners.com; and
• Matt Piper, 603-433-3894, mpiper@ltcpartners.com.


August 25, 2016

Accessing Information on Long Term Care Website

To facilitate easy and quick access to its question and answers on the 2016 Enrollee Decision Period, the Federal Long Term Care Insurance Program has added a banner to its home page that links directly to the enrollee decision period Q&As. You can view it by going to https://www.LTCFEDS.com.

________________________________________________________________________________________

July 27, 2016

Update: Enrollee Decision Period Assistance

Long Term Care Partners (LTCP) soon will complete its initial mailing of packets to enrollees in the Federal Long Term Care Insurance Program. The packets are individualized and provide information on premiums and offer alternative benefit options to each enrollee based upon the enrollee’s current benefit coverage. Enrollees must make a decision by September 30 on whether to select one of the options being offered or keep their benefits the same and pay the higher premium.

To assist NARFE members, LTCP has provided the following additional information and contacts.

If a Durable Power of Attorney is not in place and the enrollee wishes to have a family member make a call with them to discuss coverage, LTCP will accept a one-time verbal authorization from the enrollee. Otherwise, a completed Authorization for Disclosure of Information form must be on file to allow a family member to discuss coverage on behalf of the enrollee. The form is available online at https://www.ltcfeds.com/epAssets/documents/FLTCIP_Authorization_M606.pdf.

Enrollees who want to schedule an appointment to discuss their benefits and options can do so by calling 800-582-3337 number or by emailing appointments@ltcpartners.com.  

For particularly sensitive or complex situations, LTCP has a small team of experts to help NARFE members. They are:

• Darcie LeTendre, 603-296-9350 dletendre@ltcpartners.com;
• Don Mallett, 603-296-9336, dmallett@ltcpartners.com; and
• Matt Piper, 603-433-3894, mpiper@ltcpartners.com.


July 19, 2016

On July 18, the Office of Personnel Management (OPM) announced that premiums in the Federal Long Term Care Insurance Program (FLTCIP) will increase by an average of 83 percent, beginning November 1. NARFE is stunned and angered at the increases and said changes must be made in the program to avoid such increases in the future.

Background. The increases follow the awarding of a new seven-year contract for FLTCIP to the John Hancock Life & Health Insurance Company in May. John Hancock, which has been the sole insurer of the program since 2009 and previously partnered with Metropolitan Life as a co-insurer, was the only bidder for the new contract. In its contract proposal, John Hancock proposed higher premiums, and OPM found these increases justified for the benefits being offered.

Options Offered. In announcing the rate increases, OPM said enrollees will be offered options that allow them to alleviate the premium increase. Long Term Care Partners (LTCP), which administers the program, will send a packet of personalized information to each enrollee in the program subject to the premium rate increase. These packages will be mailed from July 18 through July 27.

According to OPM:
“At least one of the options will allow the enrollee to reduce coverage in order to maintain the current premium at or below the current level. In general, enrollees will be able to choose:

·         A premium-neutral option to fully offset the premium increase

·         A partial increase, accepting roughly half the premium increase along with moderate coverage reductions; or

·         The full premium increase to retain the current benefits and inflation protection.”

“Eligible enrollees may also elect the paid-up limited benefit,” OPM said. “This option allows enrollees whose premium increase is beyond a certain percentage to stop paying premiums and keep paid-up coverage with a reduced level of benefits.”

According to OPM:
“ The current enrollees who will receive an offer package include:

·         Enrollees whose age at purchase was 79 years or younger

·         Enrollees who have standard FLTCIP coverage and are not enrolled in the FLTCIP’s Alternative Insurance Plan

·         Enrollees who applied for coverage before new application rates were raised on August 1, 2015

·         Enrollees who are not current eligible for benefits or awaiting a decision on a pending claim.”

Enrollee Decision Period Window. There is an “enrollee decision period” for enrollees to make an election regarding their premiums and benefits. Here are some important dates:

• July 18 through July 27– Decision packages mailed

• July 25 through September 30 – Decision period within which enrollees must make a decision on their level of benefits and premiums

• August 24 – LTCP mails a reminder letter to enrollees who have not made a decision

• September 30 – Last day of the Decision Period

• October 13-20 – LTCP mails acceptance packages to enrollees

November 1 – Effective date of new premium increases/benefit levels.

If you take no action, your current coverage will be extended at the increased premium rate.

Resources. LTCP has hired additional staff in its four call centers to answer enrollee telephone calls and email messages. In some cases, you may need to make an appointment with a trained program consultant who will CALL YOU at the time and date you select. In addition, if you are registered for online access to your enrollment account, you can view your options online and make an election. The LTCP website https://www.ltcfeds.com/ includes answers to many questions as well as instructional webinars and videos.

CALL: 1-800-582-3337 from 8 a.m. to 8 p.m. Eastern Time (TTY 1-800-843-3337).

As always, NARFE’s Federal Benefits Service Department staff members are available to help NARFE members get answers to their questions. Call 703-838-7760 and ask for NARFE Federal Benefits, or fedbenefits@narfe.org.

National Active and Retired

FEDERAL EMPLOYEES Association

NARFE (National Active and Retired Federal Employees Association) 606 N. Washington St., Alexandria, VA 22314, Phone: (703) 838-7760, Fax: (703) 838-7785.

 

This is the only website that reflects the official opinions and positions of the National Active and Retired Federal Employees Association (NARFE). Opinions and/or positions that appear on any other site bearing NARFE's name or seal are not necessarily those of NARFE. Click here for Privacy Statement.   NARFE has been certified by Dun & Bradstreet.

FLTCIP Premium Increases: What You Need to Know

December 2, 2016

Long-Term Care Congressional Hearing

On November 30, NARFE President Richard G. Thissen testified before the House Subcommittee on Government Operations about the recent premium increases in the Federal Long Term Care Insurance Program (FLTCIP). Thissen joined representatives from the John Hancock Life & Health Insurance Company, the Office of Personnel Management (OPM) and other insurance policy experts to detail the reasons behind the steep premium increases and to propose policy fixes to the program.   

In his testimony, Thissen stated: “It is incumbent on this subcommittee to support real reforms that provide Americans with affordable, reliable options. Enrollees should not bear the risk when insurance companies and actuaries make mistakes, and they should have options available to plan for their future needs.” NARFE proposed a number of policy options to ensure price stability and affordability and will continue to hold Congress and OPM accountable.

During the hearing, several lawmakers questioned representatives from John Hancock and OPM and expressed outrage over the increases. Ranking member Gerald E. Connolly, D-VA, vowed to bring OPM representatives back before the committee to provide definitive plans to fix the program. NARFE looks forward to working with stakeholders and lawmakers to bring premium stability to FLTCIP.

A video recording of the hearing, along with the written testimony of the witnesses, is available here. Be sure to read NARFE’s written testimony on the hearing.


October 5, 2016

2016 Enrollee Decision Period Ended, But Change in Coverage May Still Be Made

The initial September 30, 2016 deadline for making your long-term care decision has passed. However, Long Term Care Partners (LTCP) will be sending participants a confirmation packet in mid-October that will include your updated schedule of benefits, confirming your coverage and/or premium, effective November 1, 2016. Please note that you will have 30 days from the date you receive the confirmation package to make a change if you wish, including any of the personalized options that you received in July. To request a change, simply call the LTCP Customer Service Center at 1-800-LTC-FEDS (1-800-582-3337) or TTY 1-800-843-3557.

If you make a change during the 30-day review period, LTCP will adjust your premium and it will appear in a subsequent billing cycle. Any coverage and/or premium changes will be made retroactive to November 1, 2016. The November billing cycle, however, will reflect any changes in premium and/or coverage you selected by September 30, 2016.

Even after the 30-day review period ends, you will be able to make changes to your benefits, such as decreasing coverage. However, the personalized options will no longer be available. You can request a change to any plan combination available within your current plan but increases to your coverage may require underwriting.

If you have misplaced your EDP package or have any questions, you can call the LTCP Customer Service Center at 1-800-LTC-FEDS (1-800-582-3337) TTY 1-800-843-3557, or visit www.LTCFEDS.com.


September 28, 2016

Important Contact Information for Federal Long Term Care Insurance Program

With the decision deadline only two days away, NARFE repeats this important contact information:

• The Long Term Care Partners (LTCP) website https://www.ltcfeds.com/ includes answers to many questions as well as instructional webinars and videos.

• Call LTCP: 1-800-582-3337 from 8 a.m. to 8 p.m. Eastern Time (TTY 1-800-843-3337).

• As always, NARFE’s Federal Benefits Service Department staff members are available to help NARFE members get answers to their questions. Call 703-838-7760 and ask for NARFE Federal Benefits, or fedbenefits@narfe.org.


September 23, 2016

Long-Term Care Insurance Decision Date Fast Approaching

Don’t forget! Enrollees have until September 30 to make a decision about their Federal Long Term Care Insurance Program (FLTCIP) policies. If you do not confirm your decision by September 30, you will be subject to the increased premium, and your coverage will remain the same. A packet, detailing your decision, will be mailed to you after the deadline. You will then have 30 days to make any changes to your insurance options.


September 12, 2016

Navigating the Long Term Care Premium Increases: Making an Informed Decision
 45 Minute Webinar | Q&A Transcript


September 7, 2016

2016 Enrollee Decision Period Benefit Options Form Worksheet

A worksheet is now available to help you make an informed decision regarding your Federal Long Term Care Insurance Program (FLTCIP) coverage. This worksheet can be used, in conjunction with the September 9 FLTCIP webinar, to review factors that should be taken into account while making your decision. This worksheet can be found here.


August 19, 2016

Frequently Asked Question about the FLTCIP Premium Increases

Q: If I cancel my coverage now, can I receive a refund of the premiums I have paid since I enrolled in the FLTCIP?  

A: The FLTCIP Benefit Booklet you received when you enrolled is your contractual statement of benefits. It explains when a premium refund is allowed: 1) if you cancel within 30 days after you receive your benefit booklet when you are first approved for coverage (this 30-day period has been extended for certain new enrollees during the 2016 Enrollee Decision Period), or 2) if you’ve already paid premiums for a period that occurs after the effective date of your cancellation. There are no provisions in the benefit booklet or in the law and regulations governing the FLTCIP for refunds under any other circumstances.


Q: Why did rates increase?

A: FLTCIP is the largest long-term care insurance program in the country, and it uses an experience fund to pay for claims. An analysis of the fund by actuaries determined the rates would not cover future claims costs. Additionally, low interest rates prevented the fund from growing at the rate previously projected. The two factors contributed equally to the rate hikes, according to Long Term Care Partners.

Q: Do the increased premiums apply to everyone?

A: Premiums are increasing for all participants except for the following groups: Those who enrolled in the program on or after August 1, 2015; individuals who originally purchased the insurance when they were age 80 or older; and enrollees who currently have a claim pending (about 4,300 people).

Q: Which federal agency oversees the program?

A: The Office of Personnel Management. You can read more here.

Q: Is FLTCIP subject to review?

A: The program is reviewed internally every three years, and the contract is available for bidding every seven years. The program last was reviewed was in 2014; the current contract last was made available for bidding in 2016. John Hancock was the only company that bid on the contract.

Background: In May 2009, OPM selected John Hancock as the insurer for FLTCIP's second seven-year contract term. On October 1, 2009, John Hancock Life & Health Insurance Company became the sole insurer, and Long Term Care Partners, LLC, became a wholly owned subsidiary of John Hancock Life & Health Insurance Company.

In April 2016, OPM awarded FLTCIP's third seven-year contract, beginning May 1, 2016, to John Hancock to continue to provide insurance coverage for FLTCIP. Under the new contract, Long Term Care Partners, LLC, will continue to administer FLTCIP.

Q: What factors were used to determine the new premium rates?

A: Several factors were used to determine the premium increases. These include the frequency and severity of particular medical conditions, expected life span of enrollees, length of time an enrollee is expected to keep and use their coverage, the cost of care, the estimated return on investments, and the overall program expenses. As the program goes on, these factors can change.

Q: What factors were included when determining my new premium rate?

A: The specific premium increases vary, based on benefit options. For instance, the total benefit period, in particular a five-year period, costs more than the shorter periods, such as two or three years. Those who chose the five-year option saw their premiums rise at a greater rate than others. Other factors include inflation protection, whether you are on FLTCIP 1.0 or 2.0, and if you have more personalized options.

Long Term Care Partners assures NARFE that premium increases were based on coverage options and did not increase with the age of the enrollee.

Q: What would happen if there were no premium increases?

A: Without the premium increases, the program would eventually incur a budget shortfall and be unable to cover all claims.

Q: Were the premiums guaranteed when I purchased this insurance?

A: No, unfortunately, there has never been a legal guarantee that premiums could not increase on a class basis. Premiums only may not be increased on an individual basis. However, most enrollees believe they were not given the impression that premiums could rise as dramatically as they have, especially given stated intentions of providing premium stability.

Q: What happens if I don’t make a decision by the September 30 deadline?

A: If you don’t make a decision by September 30, your coverage will remain the same, and you will be charged the increased premium.

Q: I’ve been paying into the program since 2002. Does that factor into my new premium?

A: No. Your coverage option is what is driving your premium increase.

Q: What happens if no company bids on the next contract in seven years?

A: John Hancock would be required to continue providing coverage to those paying premiums, even if this program is not offered to new enrollees. However, premiums could still be increased to cover program liabilities, if necessary. Current enrollees do not need to worry about losing coverage.

Q: Whom should I contact to obtain more information about my individual situation?

A: Enrollees who want to schedule an appointment to discuss their benefits and options can do so by calling 800-582-3337 or by emailing appointments@ltcpartners.com.  

For particularly sensitive or complex situations, LTCP has a small team of experts to help NARFE members. They are:

• Darcie LeTendre, 603-296-9350 dletendre@ltcpartners.com;
• Don Mallett, 603-296-9336, dmallett@ltcpartners.com; and
• Matt Piper, 603-433-3894, mpiper@ltcpartners.com.


August 25, 2016

Accessing Information on Long Term Care Website

To facilitate easy and quick access to its question and answers on the 2016 Enrollee Decision Period, the Federal Long Term Care Insurance Program has added a banner to its home page that links directly to the enrollee decision period Q&As. You can view it by going to https://www.LTCFEDS.com.

________________________________________________________________________________________

July 27, 2016

Update: Enrollee Decision Period Assistance

Long Term Care Partners (LTCP) soon will complete its initial mailing of packets to enrollees in the Federal Long Term Care Insurance Program. The packets are individualized and provide information on premiums and offer alternative benefit options to each enrollee based upon the enrollee’s current benefit coverage. Enrollees must make a decision by September 30 on whether to select one of the options being offered or keep their benefits the same and pay the higher premium.

To assist NARFE members, LTCP has provided the following additional information and contacts.

If a Durable Power of Attorney is not in place and the enrollee wishes to have a family member make a call with them to discuss coverage, LTCP will accept a one-time verbal authorization from the enrollee. Otherwise, a completed Authorization for Disclosure of Information form must be on file to allow a family member to discuss coverage on behalf of the enrollee. The form is available online at https://www.ltcfeds.com/epAssets/documents/FLTCIP_Authorization_M606.pdf.

Enrollees who want to schedule an appointment to discuss their benefits and options can do so by calling 800-582-3337 number or by emailing appointments@ltcpartners.com.  

For particularly sensitive or complex situations, LTCP has a small team of experts to help NARFE members. They are:

• Darcie LeTendre, 603-296-9350 dletendre@ltcpartners.com;
• Don Mallett, 603-296-9336, dmallett@ltcpartners.com; and
• Matt Piper, 603-433-3894, mpiper@ltcpartners.com.


July 19, 2016

On July 18, the Office of Personnel Management (OPM) announced that premiums in the Federal Long Term Care Insurance Program (FLTCIP) will increase by an average of 83 percent, beginning November 1. NARFE is stunned and angered at the increases and said changes must be made in the program to avoid such increases in the future.

Background. The increases follow the awarding of a new seven-year contract for FLTCIP to the John Hancock Life & Health Insurance Company in May. John Hancock, which has been the sole insurer of the program since 2009 and previously partnered with Metropolitan Life as a co-insurer, was the only bidder for the new contract. In its contract proposal, John Hancock proposed higher premiums, and OPM found these increases justified for the benefits being offered.

Options Offered. In announcing the rate increases, OPM said enrollees will be offered options that allow them to alleviate the premium increase. Long Term Care Partners (LTCP), which administers the program, will send a packet of personalized information to each enrollee in the program subject to the premium rate increase. These packages will be mailed from July 18 through July 27.

According to OPM:
“At least one of the options will allow the enrollee to reduce coverage in order to maintain the current premium at or below the current level. In general, enrollees will be able to choose:

·         A premium-neutral option to fully offset the premium increase

·         A partial increase, accepting roughly half the premium increase along with moderate coverage reductions; or

·         The full premium increase to retain the current benefits and inflation protection.”

“Eligible enrollees may also elect the paid-up limited benefit,” OPM said. “This option allows enrollees whose premium increase is beyond a certain percentage to stop paying premiums and keep paid-up coverage with a reduced level of benefits.”

According to OPM:
“ The current enrollees who will receive an offer package include:

·         Enrollees whose age at purchase was 79 years or younger

·         Enrollees who have standard FLTCIP coverage and are not enrolled in the FLTCIP’s Alternative Insurance Plan

·         Enrollees who applied for coverage before new application rates were raised on August 1, 2015

·         Enrollees who are not current eligible for benefits or awaiting a decision on a pending claim.”

Enrollee Decision Period Window. There is an “enrollee decision period” for enrollees to make an election regarding their premiums and benefits. Here are some important dates:

• July 18 through July 27– Decision packages mailed

• July 25 through September 30 – Decision period within which enrollees must make a decision on their level of benefits and premiums

• August 24 – LTCP mails a reminder letter to enrollees who have not made a decision

• September 30 – Last day of the Decision Period

• October 13-20 – LTCP mails acceptance packages to enrollees

November 1 – Effective date of new premium increases/benefit levels.

If you take no action, your current coverage will be extended at the increased premium rate.

Resources. LTCP has hired additional staff in its four call centers to answer enrollee telephone calls and email messages. In some cases, you may need to make an appointment with a trained program consultant who will CALL YOU at the time and date you select. In addition, if you are registered for online access to your enrollment account, you can view your options online and make an election. The LTCP website https://www.ltcfeds.com/ includes answers to many questions as well as instructional webinars and videos.

CALL: 1-800-582-3337 from 8 a.m. to 8 p.m. Eastern Time (TTY 1-800-843-3337).

As always, NARFE’s Federal Benefits Service Department staff members are available to help NARFE members get answers to their questions. Call 703-838-7760 and ask for NARFE Federal Benefits, or fedbenefits@narfe.org.

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NARFE (National Active and Retired Federal Employees Association) 606 N. Washington St., Alexandria, VA 22314, Phone: (703) 838-7760, Fax: (703) 838-7785.

 

This is the only website that reflects the official opinions and positions of the National Active and Retired Federal Employees Association (NARFE). Opinions and/or positions that appear on any other site bearing NARFE's name or seal are not necessarily those of NARFE. Click here for Privacy Statement.   NARFE has been certified by Dun & Bradstreet.