Federal Long Term Care Insurance Program: Important New - opm 2025

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FLTCIP is insurance that pays benefits towards the cost of covered services that individuals receive if they are unable to perform everyday tasks due to a chronic mental or physical condition. For example, FLTCIP helps pay for home health care, adult day care, or for nursing home or assisted living facility costs.
Cost of care trends and insights Type of service and rate type2024 national median values2023 national median values Adult day health care Daily $100 $95 Assisted living community Monthly $5,900 $5,350 Nursing home semi-private room Monthly $9,277 $8,669 Nursing home private room Monthly $10,646 $9,7332 more rows
The decision comes in light of ongoing volatility in long-term care costs and a diminished insurance market, OPM said.
Overall, federal long-term care insurance can be worthwhile, provided you and your family understand how the plan works and compare it with other options. Shopping around before settling on a plan can help you ensure this is the most comprehensive and cost-effective option available to you.
The decision comes in light of ongoing volatility in long-term care costs and a diminished insurance market, OPM said. OPM has determined that extending the period of suspension of applications for FLTCIP coverage is in the best interest of the program, the agency wrote.
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FLTCIP provides long term care insurance to help pay for costs of care when enrollees need help with activities they perform every day, or you have a severe cognitive impairment, such as Alzheimers disease.

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