Looking for the ultimate gift? Hint: It is NOT a puppy!

The federal government has offered workers and military personnel Long Term Care insurance for years. The idea is people can enroll at group rates which are generally more reasonable than buying a one-person policy. But premiums for LTC insurance nationwide have jumped dramatically in recent years. People are living longer and need services. Enter FLTCIP 3.0, which became available last month for feds and military personnel. It’s administered by LTC Partners on behalf of John Hancock. And that’s the subject of today’s episode of Your Turn, where my guest is Joan Melanson, a top official of LTC Partners, who will explain how the program works and what you should consider.