Long-term care for the uniformed military services
Many people don’t realize that members of the uniformed military services are eligible for the government’s long term care insurance program. Retired Army B...
Many people don’t realize that members of the uniformed military services are eligible for the government’s long term care insurance program. There were premium changes Aug. 1 (some went up, some went down), but only about 8 percent of the people in the federal LTC program are military.
What does that mean? Do they need that kind of protection that is often (maybe too often) associated with age rather than a medical condition or an accident? Just what’s the deal for benefits for current members of the military?
Today at 10 a.m. on our Your Turn radio show we’ll be talking with retired Army Brig. Gen. Michael Meese. He’s a Ph.D. and chief operations officer of the American Armed Forces Mutual Aid Association. He’s going to talk about the recent premium hikes and reductions in the federal program, and whether it is good or not so good for military personnel.
AAFMAA does not offer stand-alone LTC, but it does provide something called a Long Term Care Settlement Option as part of its whole life insurance policy.
Learn about everything from pay, benefits and retirement, to buyouts, COLAs and pay freezes. Dial 667-930-9385 to listen live from any phone. Follow Mike on Twitter and send him an email with your questions and comments. Subscribe on Apple Podcasts or Podcast One.