About Long Term Care Insurance for Federal Employees
With the life expectancy increasing, it is vital to have long term care insurance. Long term care insurance is insurance that assists in paying for a nursing home or an assisted daily living facility, should the need arise. Below are a few things to know about long term care insurance for federal employees.
The Federal Long Term Care Insurance Program is known as FLTCIP.
FLTCIP will assist your family's financial independence if long term care is needed.
Most insurance plans will not cover long term care.
Long term care insurance can be expensive.
FLTCIP is a special program for those that are employed by the Federal Government and offers special benefits.
Features of FLTCIP:
Renewing the insurance is guaranteed. It will never be canceled due to your health, age or any other reason as long as you pay your premiums.
It is portable, meaning that even if you are no longer a government employee, it can be kept, as long as the premiums are paid and you have not used the maximum benefits allowed.
Offers an option that provides care in your home including caregiver training, emergency medical response system, medical equipment and other services.
Offers you the option to choose living in a nursing home, assisted living facility or remaining at home. Caregivers can also be family members or friends.
Premiums can be waived while receiving benefits as long as you have passed the waiting period.