Feds, annuitants now have a new LTC option

The Office of Personnel Management has officially launched, FLTCIP 3.0, a new plan and rate structure under the Federal Long Term Care Insurance Program.

FLTCIP 3.0 is a traditional long term care insurance plan with an emphasis on stay-at-home care and home care provided by health professionals as well as family and friends. The highlight of the new plan is a bonus “premium stabilization” feature.

Under the premium stabilization feature, there is an adjustable amount that is calculated as a percentage of premiums paid, which is designed to reduce the potential need for future premium increases.

“Under certain conditions, the amount may be used to offset an enrollee’s future premium payments or provide a refund of premium death benefit,” according to OPM.

The new benefit is available to federal and U.S. Postal Service employees and annuitants, active and retired members of the uniformed services, and qualified relatives who apply for coverage on or after October 21, 2019.

Learn more here.

Reader comments

Wed, Oct 30, 2019

i see you can sign up now, or later doesn't matter. on the website. take a look its right there just google ltcfeds website and then click on "apply now" .

Wed, Oct 30, 2019 Priscilla

It says on OR AFTER October 21.

Tue, Oct 29, 2019 Barbara

I just received this e-mail 10/29/19 and this above statement says "this benefit is available for those who apply by Oct 21, 2019. This is late. Was this a typo? Am I still allowed to apply?

Tue, Oct 29, 2019 Erla Kozminski

Would it be possible to get a printed copy of this? It sounds like a great benefit. It is difficult to find out info about costs and that is so important.

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Edward A. Zurndorfer Certified Financial Planner
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