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Federal Managers Association

In the News

  • Wednesday, October 26, 2016
  • NO DECLINE IN NUMBER OF NEW APPLICATIONS DESPITE FEDERAL LONG-TERM CARE PREMIUM SPIKE - October 26, 2016
  • Federal Long-Term Care Premium Spike Isn't Scaring People Away

    By Kellie Lunney, Government Executive

    Many federal employees and retirees with long-term care insurance will see their premiums spike significantly beginning next Tuesday.

    The new Federal Long-Term Care Insurance Program premium rates, announced in July, kick in on Nov.1, and amount to an average increase of 83 percent, or $111 more per month, for many enrollees who opt not to change their coverage. For those paying premiums from their retirement benefits, the first payment with the increase will be reflected in the Dec. 1 annuity payment.

    To read more please click here

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