Federal Drive

LTC open season closes

There are two steps, just TWO, to getting LTC today. We learn about them from Ed Zurndorfer.

Federal News Network Staff

June 24, 2011 10:31 am

1 min read

wfedstaff | June 4, 2015 7:42 am

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By Suzanne Kubota
Senior Internet Editor
FederalNewsRadio.com

Today is your last day to pick up long term care insurance for feds. The open season ends today and that means things could get a whole lot more complicated, if you don’t sign up before midnight.

Registered employee benefit consultant, Ed Zurndorfer, told Federal News Radio that unlike other types of insurance, you can enroll in this type “at any time”. The advantage of the open season for federal employees and spouses is being able to use an abbreviated application form. For all other people and at all other times, there’s a longer standard form.

Zurndorfer said this is a “golden opportunity” to apply for the program, especially for anyone with health problems.

The cost of the insurance, said Zurndorfer, is “entry age based” – the younger you are the cheaper it is. On average, he said, people need long term care in their late 70s or 80s. However, if you wait to buy long term care insurance, you face the possibility of being declined for coverage, and even if you do get accepted, you might not be able to afford it. “So I recommend individuals, as a compromise, to think very seriously about long term care insurance when they are in their, let’s say, early to late 50s, maybe early 60s as the best time to get it.”

To qualify for the easier application process, follow these steps to apply today:

Visit www.LTCFEDS.com to customize plan options and rates-and then apply online!

Call a Certified Long Term Care Consultant at 1-800-LTC-FEDS and work one-on-one to review FLTCIP benefit options and premiums.