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Federal long-term care premiums rising by triple digits
It’s not quite Christmas in July, but Federal Long Term Care Insurance Program members are getting an early look at coverage options and premium hikes.
Beginning July 18, FLTCIP members can access their offer package online and view new premium rates, which the Office of Personnel Management said will range from 0-126 percent.
The increase is due to longer life expectancies, the lower rate of return of the investment in the trust fund of premiums, and basic inflationary increases.
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Jory Heckman
Jory Heckman is a reporter at Federal News Network covering U.S. Postal Service, IRS, big data and technology issues.
Follow @jheckmanWFED
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