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Important notice for current enrollees: The special decision period for you to submit a personalized plan change option has ended. The New Contract Updated as of 03-31-10
FLTCIP Premium Rate Increase
Premiums increased for some enrollees. Enrollees had choices to avoid an increase.  This premium increase did not affect FLTCIP 1.0 enrollees with the Future Purchase Option (FPO). The decision deadline for FLTCIP 1.0 FPO enrollees was December 14, 2009, and the effective date was January 1, 2010. Some enrollees received Personalized Options Packages that contained one or more errors. We notified those enrollees by letter dated November 13, 2009. In early December, we mailed Corrected Personalized Options Forms to affected enrollees. Enrollees could also log in to their personal accounts (or create an account) at www.LTCFEDS.com. An enrollee could view current coverage, and if he was in the group affected by the premium increase, he could view his personalized options (or corrected personalized options for those whose Personalized Options Packages contained one or more errors). [ Back to FLTCIP Premium Rate Increase FAQs ]
The goal in establishing the premium rates is to calculate rates that will be sufficient to pay claims plus expenses, now and over the future lifetime of enrollees. Calculating premiums requires using a series of assumptions which quantify the risk that certain things will happen in the FLTCIP over the course of time. [ Back to FLTCIP Premium Rate Increase FAQs ] All of the premiums collected for the FLTCIP go into an account that is held by the insurer just for the FLTCIP. The insurer(s) cannot use this account for anything except the FLTCIP. This account is called an Experience Fund. The only sources of money for the Experience Fund are the premiums that are collected from participants and the Fund’s investment earnings. Money in the Experience Fund can only be used to pay claims and cover expenses and fees for the FLTCIP. The assumptions for projecting future experience and the value of the Experience Fund are monitored by OPM and the insurance carrier(s) to evaluate whether the Fund, along with future premiums and investment income, is adequate to pay expected claims, expenses, and fees over the course of time. If the Fund has enough money to cover the FLTCIP’s expected needs, no corrective action is needed. If the Fund is not adequate, analysis is done to determine which plan designs and age groups may need rate adjustments. [ Back to FLTCIP Premium Rate Increase FAQs ]
Some of the key assumptions that were used in developing premium rates in the first contract period that were intended to be conservative and were consistent with industry practices at the time turned out to be inaccurate for the FLTCIP. In particular, enrollee persistency has been higher than expected. This means that more people than expected are keeping their coverage (rather than voluntarily canceling it) and people are living longer than expected when the initial rates were set. Investment experience has been worse than expected. Even if overall trends improve, experience is unlikely to match the underlying assumptions used in the original pricing. Based on revised assumptions (which were derived from an analysis of actual experience), in order to assure that there will be enough money in the Experience Fund to cover the claims and costs that are now expected to be incurred over the course of time, it was necessary to adjust the premium rates for certain plan designs and age groups. [ Back to FLTCIP Premium Rate Increase FAQs ]
As part of the competitive procurement process, OPM hired an independent actuarial consultant to review the offers received. The actuarial consultant determined that a rate increase was necessary. [ Back to FLTCIP Premium Rate Increase FAQs ]
The changes to many long term pricing assumptions have a larger impact on plans with automatic inflation increases and on younger issue ages because there is a greater degree of pre-funding for these groups. Changes in assumptions about annual investment returns, mortality rates, and enrollee lapses have the greatest effect when applied over a long period of time. [ Back to FLTCIP Premium Rate Increase FAQs ]
The revised premium rates are intended to adequately position the Experience Fund to cover all future claims and expenses for FLTCIP enrollees. While we cannot guarantee that the premium rates will always remain the same, we do know that a rate increase is a serious event for all stakeholders: plan enrollees, OPM, and the insurance carrier(s). A future rate increase would only be implemented if deemed necessary to assure the adequacy of the Experience Fund. [ Back to FLTCIP Premium Rate Increase FAQs ]
We do not expect enrollees in FLTCIP 1.0 to be more or less likely than enrollees in FLTCIP 2.0 to be in a group whose premium may be determined to be inadequate in the future. The differences between the premium rates for FLTCIP 1.0 and the premium rates for FLTCIP 2.0 are based on plan design differences. There is one Experience Fund that receives all premium and investment income from both FLTCIP 1.0 and FLTCIP 2.0, and from which all claims, fees, and expenses are paid for both plans. [ Back to FLTCIP Premium Rate Increase FAQs ]
That was not possible under the law, which requires that enrollee premiums reasonably and equitably reflect the cost of the benefits. If enrollees in this group were exempted from the premium increase, new enrollees' premiums would have to be artificially raised to make up the projected funding shortfall. Their premiums then would not reflect the cost of their benefits. Additionally, the law does not provide for a government contribution to pay part or all of the premiums. [ Back to FLTCIP Premium Rate Increase FAQs ] Avoiding the Premium Increase
FLTCIP 1.0 premiums increased for enrollees with the Automatic Compound Inflation Option (ACIO) whose age at purchase was 69 or younger AND who chose to keep the same coverage they had. 
Enrollees who made this change kept the same DBA they already had or received a slightly higher DBA and kept their premiums about the same as they were already paying. Some enrollees were offered a higher DBA because the downgrade to 4% ACIO reduced their premiums below what they were paying. Therefore, their offered selection may have included an increased DBA in order to bring the premium to about what they were paying. Enrollees did not need to choose this option. If they wished, they could request to keep their DBA the same and accept the reduced premiums for downgrading to 4.0% ACIO.     Other options besides the ones shown here were available. For example, enrollees whose DBA would increase in the downgrade to the 4% ACIO could have elected to keep their DBA unchanged (with the 4% ACIO) and pay a slightly lower premium. Or, someone with an unlimited benefit period could have decided to keep the 5% ACIO but reduce to a 5 year benefit period. Such choices were available by calling 1-800-LTC-FEDS (1-800-582-3337) (TTY 1-800-843-3557). [ Back to Avoiding The Premium Increase FAQs ] New Contract
The U.S. Office of Personnel Management (OPM) awarded the new contract for the second 7-year period to John Hancock Life & Health Insurance Company as the sole contractor, after a competitive procurement process.
Due to procurement rules, OPM cannot release the number of and names of other offerors.
By law, the term of the FLTCIP contract is seven years. On May 1, 2009, OPM awarded the second seven-year Federal Long Term Care Insurance Program contract to John Hancock Life & Health Insurance Company.
OPM issued a request for proposals in August 2008 for the next FLTCIP seven-year contract term. Current Enrollees
Starting in mid-October and staggered over a few weeks, Long Term Care Partners sent a mailing to enrollees that contained a letter and an options form with specific information about the premium increase and the opportunity to change to new benefit options on a guaranteed-acceptance basis (meaning you were automatically approved as long as you were not in your waiting period or receiving benefits) during a specific time frame, called the "special decision period." [ Back to Current Enrollees FAQs ]
All enrollees who were subject to a rate increase had the option to keep their premium approximately the same by downgrading from the 5% to 4% Automatic Compound Inflation Option (ACIO). Making this change would cause the enrollee’s daily benefit amount (DBA) to increase more slowly—by 4% per year rather than 5%. For some enrollees, depending on their age, their daily benefit amount would actually increase slightly, as a starting point, in order to keep premiums approximately the same. More information on this and other options was included in the mailings to those affected. If you would like to read a few examples of how this change from 5% to 4% would work, click here. [ Back to Current Enrollees FAQs ]
No. As with other insurance products, you cannot receive a refund of FLTCIP premiums because the premiums you have paid provided insurance coverage for you all along. At any point since your original purchase, if you had been eligible for benefits and had satisfied your waiting period, you would have received benefits. [ Back to Current Enrollees FAQs ]
You did not need to undergo underwriting (i.e., answer questions about your health) to keep or reduce your current benefits. As noted on the Personalized Options Form in the Personalized Options Package, you had an opportunity to move to new benefit options on a guaranteed-acceptance basis (meaning that you were automatically approved as long as you were not in your waiting period or receiving benefits). However, if you wished to increase the overall value of your benefits, underwriting may have been required. [ Back to Current Enrollees FAQs ]
The Personalized Options Package is a mailing that Long Term Care Partners and John Hancock sent to enrollees in the Federal Long Term Care Insurance Program in October/November 2009. It contained a letter and an options form with specific information about your coverage and the opportunity to change to new benefit options on a guaranteed-acceptance basis (meaning you were automatically approved as long as you were not in your waiting period or receiving benefits). You were able to: [ Back to Current Enrollees FAQs ]
Yes. [ Back to Current Enrollees FAQs ]
If you selected an option on your Personalized Options Form, your new coverage is effective January 1, 2010. If you made a change not noted on your Personalized Options Form, and the change required medical underwriting, your coverage effective date may be later, depending how long underwriting takes. Depending on when you submitted your selection, the coverage change may be retroactive. Of course, if you decided to keep your same coverage and made no changes, your coverage simply continues. [ Back to Current Enrollees FAQs ]
If you have the Future Purchase Option (FPO), and your selection resulted in a premium increase, your new premium rate is effective January 1, 2010. [ Back to Current Enrollees FAQs ]
Premium decreases are effective retroactively back to January 1, 2010. We’ve begun mailing refund checks already, but those mailings are spread over a few weeks. Please call us if you haven’t received your refund check by the end of April. [ Back to Current Enrollees FAQs ]
If you did not respond by the deadline, you will receive the default choice. [ Back to Current Enrollees FAQs ]
Please notify us immediately if you were unable to meet the deadline. Please call our Customer Service Center at 1-800-LTC-FEDS (1-800-582-3337) (TTY 1-800-843-3557). Or, visit www.LTCFEDS.com/SecureEmail/ to contact us via email. [ Back to Current Enrollees FAQs ]
Your FLTCIP premium will increase effective retroactively back to March 1, 2010. Please read below for an explanation of how your premium payments will be affected, determined by the billing method you use. [ Back to Current Enrollees FAQs ]
FLTCIP 2.0, introduced on October 1, 2009, provides some enhanced features and benefits such as: [ Back to Current Enrollees FAQs ]
Yes. Under FLTCIP 2.0, there is no limit to how many times you can decline the FPO offer. You do not need to provide evidence of insurability to receive or accept offers. However, under FLTCIP 2.0 if you wish to change to the Automatic Compound Inflation Option, you must provide evidence of insurability. [ Back to Current Enrollees FAQs ]
For a limited time, we offered you a personalized option to change to a specific benefit level in FLTCIP 2.0 on a guaranteed-acceptance basis (meaning you were automatically approved as long as you were not in your waiting period or receiving benefits). That option was outlined on your Personalized Options Form. [ Back to Current Enrollees FAQs ]
If you are not satisfied with the new coverage, you may return to your prior coverage within 30 days after you receive the FLTCIP 2.0 Benefit Booklet by notifying Long Term Care Partners by mail: Long Term Care Partners, P.O. Box 797, Greenland, NH 03840-0797. [ Back to Current Enrollees FAQs ]
Yes. If you wanted to keep the same coverage, you did not need to return your Personalized Options Form to us. However, if you were in the group affected by the premium increase, your premiums increased effective March 1, 2010. [ Back to Current Enrollees FAQs ]
You may have requested changes not indicated on your Personalized Options Form, but some changes may have required underwriting and/or a higher premium. [ Back to Current Enrollees FAQs ]
Please click on the following link and follow the instructions: www.LTCFEDS.com/RegisterNow/ [ Back to Current Enrollees FAQs ]
Please click on the following link and follow the instructions: www.LTCFEDS.com/password/ [ Back to Current Enrollees FAQs ]
You can call our Customer Service Center at 1-800-LTC-FEDS (1-800-582-3337) (TTY 1-800-843-3557). Or, visit www.LTCFEDS.com/SecureEmail/ to contact us via email. [ Back to Current Enrollees FAQs ]
Long Term Care Partners, P.O. Box 797, Greenland, NH 03840-0797; fax number 866-921-4513. [ Back to Current Enrollees FAQs ]
No. All inquires must go to the FLTCIP administrator, Long Term Care Partners, at 1-800-LTC-FEDS (1-800-582-3337) (TTY 1-800-843-3557). Or, visit www.LTCFEDS.com/SecureEmail/ to contact us via email. [ Back to Current Enrollees FAQs ]
It will depend on our determination of when you were eligible for benefits, so please call our Customer Service Center at 1-800-LTC-FEDS (1-800-582-3337) (TTY 1-800-843-3557). If you are eligible for benefits, you cannot increase your coverage. Any requested increase would not take effect. You can decrease coverage at any time. [ Back to Current Enrollees FAQs ]
No. Your premium payment will change automatically. You didn’t have to take any action to make this happen. [ Back to Current Enrollees FAQs ] Product Comparison: FLTCIP 1.0 vs. FLTCIP 2.0
COVERED SERVICES 1. I noticed that FLTCIP 2.0 doesn’t offer the Facilities-Only Plan. Why not? The Facilities-Only Plan offers coverage only for care in a facility such as an assisted living facility or a nursing home. It does not cover home care. [ Back to Product Comparison FAQs ] If you are in a nursing home, an assisted living facility, or a hospice facility and you leave the facility temporarily (for example, you need acute care in a hospital for a few days), that facility may charge you to hold your bed until you return. The FLTCIP bed reservation feature covers the cost of holding a space in the facility. [ Back to Product Comparison FAQs ] The stay-at-home benefit is designed to enable enrollees who are in need of long term care services to stay at home for as long as possible. Benefits paid under the stay-at-home benefit do not reduce your
maximum lifetime benefit and are payable up to 30 times your
daily benefit amount. [ Back to Product Comparison FAQs ] Benefits provided under the stay-at-home benefit must be included in your plan of care, which must be approved by your Long Term Care Partners care coordinator. [ Back to Product Comparison FAQs ] 5. Why are you offering higher daily benefit amounts under FLTCIP 2.0? FLTCIP 2.0 offers higher daily benefit amounts to keep pace with the rising costs of long term care. In 2002, the average cost of a semiprivate room in a nursing home was $143/day7. In 2008, that average increased to $183/day3. Additionally, in some states, the costs of care can be very high, so daily benefit amounts that are adequate to support the costs in those states must be available. [ Back to Product Comparison FAQs ] Current enrollee elections haven’t shown a preference for $25 increments. $50 increment elections have been the norm. With the addition of a number of higher daily benefit amounts, FLTCIP 2.0 has therefore been designed to offer eight $50 daily benefit amount increments ranging from $100 to $450. [ Back to Product Comparison FAQs ] During the initial contract period, very few FLTCIP enrollees chose a $50 daily benefit amount (DBA). Because of this, it was removed from the available choices in FLTCIP 2.0. However, enrollees who currently have a $50 DBA can keep that DBA, unless they voluntarily choose to change it. [ Back to Product Comparison FAQs ] OPM requested a home health care benefit at up to 100% of the daily benefit amount for FLTCIP 2.0. This had been requested in the past by enrollees and applicants. As many of our current claimants have utilized home health care, offering reimbursement of home health care expenses at up to 100% of the daily benefit amount enhances the value of the FLTCIP, giving claimants more flexibility in the amount of home health care they can receive on any given day. [ Back to Product Comparison FAQs ] OPM requested this change to help simplify the decision-making process. Relatively few people chose this option under FLTCIP 1.0. [ Back to Product Comparison FAQs ] 10. How does a calendar day waiting period work, and how does it differ from a service day waiting period? FLTCIP 2.0 has a 90-day calendar day waiting period while FLTCIP 1.0 offers a choice of either a 30-day or 90-day service day waiting period. FLTCIP benefits are not paid during the waiting period, with a few exceptions. [ Back to Product Comparison FAQs ] OPM requested this change. Program claim experience to date has shown that, for persons receiving care at home, a 90 calendar day waiting period can often be comparable to a shorter service day waiting period because home care is generally not received every day of the week. Additionally, a 90 calendar day waiting period provides for lower premiums than a 30 service day waiting period. However, enrollees who currently have a 30 service day waiting period can keep it under FLTCIP 1.0, unless they voluntarily choose to change it. [ Back to Product Comparison FAQs ] No. You only need to satisfy the waiting period once. This is also true of the service day waiting period under FLTCIP 1.0. [ Back to Product Comparison FAQs ] 13. If I changed to FLTCIP 2.0 with the Future Purchase Option (FPO) during the special decision period, will I get an FPO increase this year? No. If you changed to FLTCIP 2.0, you are effectively replacing your existing coverage and you do not receive the FPO increase on January 1, 2010. You are eligible for the next FPO offer in the fall of 2011. [ Back to Product Comparison FAQs ] 14. If I changed to FLTCIP 2.0 during the special decision period, are my premiums based on my age when I submitted the change or when I first enrolled? The rate you pay takes into account the fact that you paid premiums under the original benefit structure. It is lower than the rate based on your age during the special decision period, but higher than the rate based on the age you were when you first applied for coverage. [ Back to Product Comparison FAQs ] We stopped accepting applications for FLTCIP 1.0 on September 30, 2009. Eligible qualified relatives can apply for coverage under FLTCIP 2.0. It does not matter that you do not have FLTCIP 2.0. Each person applies individually. [ Back to Product Comparison FAQs ] You can apply for an increase in coverage at any time, including a change from FLTCIP 1.0 to FLTCIP 2.0. You may be subject to additional underwriting and/or a higher premium. [ Back to Product Comparison FAQs ] New Applicants 1. Can eligible individuals still apply for FLTCIP coverage? Yes, the FLTCIP is accepting applications for the new benefit structure, FLTCIP 2.0. For information on FLTCIP 2.0, click here. To apply for coverage, click here. [ Back to New Applicants FAQs ]
The new benefits (called FLTCIP 2.0) became available on October 1, 2009, for new applicants. [ Back to Benefit Changes FAQs ]
Yes. FLTCIP 2.0 includes a number of benefit enhancements. Consequently, premiums for FLTCIP 2.0 are higher than premiums for FLTCIP 1.0. [ Back to Benefit Changes FAQs ]
It depends. Applicable premiums have changed depending on the choice you made (for more information, click here if you have the Future Purchase Option, and click here if you have the Automatic Compound Inflation Option). We mailed you detailed information about your options before any premium changes took effect. Please read all of these questions and answers to understand how premiums have been handled. [ Back to More on the Premium Increase FAQs ]
If they had the Future Purchase Option during the special decision period, there is a premium increase if they accepted the inflation offer. If they declined the inflation offer and made no other changes to their benefits, there is no change to their premium. [ Back to More on the Premium Increase FAQs ]
No. Premiums were set with the expectation that the rates would be sufficient over the lifetime of the enrollee, but they were not guaranteed. [ Back to More on the Premium Increase FAQs ]
No. Premiums are set with the expectation that the rates will be sufficient over the lifetime of the enrollee, but rates are not guaranteed. [ Back to More on the Premium Increase FAQs ] Premiums can increase if you are among a group of enrollees whose premium is determined to be inadequate and both OPM and John Hancock agree to the rate change. Premiums can become inadequate if program experience or revised assumptions differ from the assumptions used to establish the premium rates. For example, if actual investment returns or revised projected investment returns are lower than the assumptions used to set the premiums, rates may need to change. Premiums also increase every two years for enrollees who chose the Future Purchase Option and do not decline the offer to increase their benefits. [ Back to More on the Premium Increase FAQs ]
Because the FLTCIP was established under Federal law, the states play no role in approving rates or otherwise regulating the insurance coverage. [ Back to More on the Premium Increase FAQs ]
We regret that premium increases were necessary. However, certain assumptions used when the original premiums were set are no longer sufficient, including the long term return on Program investments and other factors such as persistency (the number of people who enroll and continue to remain insured). The premium increase was needed so that sufficient funds will be available to pay benefits to enrollees in the future. [ Back to More on the Premium Increase FAQs ]
Inflation experience did not cause the premium increase. In the seven years since the FLTCIP began, benefits for the Automatic Compound Inflation Option (ACIO) policies have increased by as much as 41% to protect against inflation. [ Back to More on the Premium Increase FAQs ]
Premiums do not automatically change in 2016 when the contract term ends. There are no plans today to change the current premiums again, either during this contract term or in 2016. The premiums are set with the expectation that the rates will be sufficient over the lifetime of the enrollee. [ Back to More on the Premium Increase FAQs ]
No. The need for a premium increase was not related to the awarding of a new contract. A premium increase would have been needed even if OPM did not award a new FLTCIP contract. [ Back to More on the Premium Increase FAQs ]
The Information Kit and Benefit Booklet state that "We may only increase your premium if you are among a group of enrollees whose premium is determined to be inadequate." OPM and John Hancock agree that the premium adjustment was necessary so that the rates will be sufficient to reflect the cost of the benefits provided, as required by FLTCIP law. [ Back to More on the Premium Increase FAQs ]
Yes. [ Back to More on the Premium Increase FAQs ]
You can decrease coverage at any time. Call our Customer Service Center at 1-800-LTC-FEDS (1-800-582-3337) (TTY 1-800-843-3557) to discuss any plan changes you are considering. [ Back to More on the Premium Increase FAQs ]
OPM has always monitored the overall health and viability of the FLTCIP. The initial premium rates were set using assumptions that were conservative at the time but are no longer sufficient. As a result, certain premiums must be increased to reflect the cost of the expected benefits. OPM and John Hancock believe it would be irresponsible not to increase premiums at this time. [ Back to More on the Premium Increase FAQs ]
About 225,000. [ Back to More on the Premium Increase FAQs ]
No. The issue of pricing adequacy is not related to the number of enrollees in the FLTCIP. [ Back to More on the Premium Increase FAQs ]
Enrollees with the ACIO receive a compounded increase to their benefits each year, but their premiums do not go up because of that benefit increase. Because ACIO enrollees are prefunding their future benefit increases, changes in certain assumptions have a larger effect on the amount of funds needed in advance to support the expected level of future benefits.(Why are premiums for current enrollees increasing?) [ Back to More on the Premium Increase FAQs ]
We had no expectation at that time that the rates would increase. The materials in the application packages and the Benefit Booklet have always stated when rates can be increased. (Why are premiums for current enrollees increasing?) [ Back to More on the Premium Increase FAQs ]
Long Term Care Partners continues as the FLTCIP administrator. [ Back to Program Administration FAQs ]
Long Term Care Partners. You can reach them at 1-800-582-3337 (TTY 1-800-843-3557), through secure email at www.LTCFEDS.com and through non-secure email at info@ltcpartners.com. [ Back to Program Administration FAQs ]
As a leader in the long term care (LTC) insurance industry, John Hancock is known for its financial strength, stability, and expertise. Today, John Hancock has over one million LTC insurance clients, not including the FLTCIP. With more than 145 years of insurance experience, John Hancock is one of the most financially sound carriers, maintaining some of the highest independent ratings for financial strength and stability in the industry today.* Please see current ratings below: [ Back to Program Administration FAQs ]
The John Hancock family of companies is in the process of realigning some of its legal entities. By way of background, John Hancock became part of Manulife Financial Corporation in 2004. As is often the case when combining large organizations, they now have an excess of legal entities and are realigning them to streamline operations and better position the company for future growth. As a result, it is anticipated that John Hancock Life Insurance Company will merge into another John Hancock entity, pending regulatory approval. Therefore, all their new group long term care insurance contracts are being underwritten by John Hancock Life & Health Insurance Company. Please be assured that this change in companies will not affect the value of your long term care insurance coverage under the Federal Long Term Care Insurance Program (FLTCIP) in any way. John Hancock Life & Health Insurance Company maintains the same financial strength and claims paying ability ratings as all other John Hancock insurance companies. [ Back to Program Administration FAQs ]
The only sources of funding for the FLTCIP are enrollees' premiums and the investment earnings on those premiums. By law, enrollees pay 100% of all FLTCIP premiums. FLTCIP premiums are held by the FLTCIP's insurer(s) in an Experience Fund, which is separate from their other assets. That means that FLTCIP funds are not available to the insurers for any other purposes except to cover FLTCIP costs. [ Back to Program Administration FAQs ] Claims during the Special Decision Period Note: The following Q&As include information about how claims were handled during the special decision period, which ended on March 15, 2010. If you have a specific question regarding any recent claims you have made, please call your care coordinator at 1-800-796-3463 or our Customer Service Center at 1-800-LTC-FEDS (1-800-582-3337) (TTY 1-800-843-3557).
You will not be affected by this premium rate increase while you have a claim pending. Your coverage remains unchanged. You will not be able to change your coverage while your claim is pending. [ Back to Claims during the Special Decision Period FAQs ]
If your claim is closed and you were not approved for benefits, you will receive a Personalized Options Form outlining any increase in your premiums and your options for changing coverage, just as if you never submitted a claim. See Question 1 under FLTCIP Premium Rate Increase for information about which enrollees were affected by the rate increase. [ Back to Claims during the Special Decision Period FAQs ]
You will not be affected by this premium rate increase while you are eligible for benefits. Your coverage remains unchanged. You will not be able to change your coverage while you are eligible for benefits. [ Back to Claims during the Special Decision Period FAQs ]
When you recover, we will send you detailed information about any increase to your premiums and your options for changing your coverage. See Question 1 under FLTCIP Premium Rate Increase for information about which enrollees were affected by the rate increase. [ Back to Claims during the Special Decision Period FAQs ]
Yes, the offers will be the same. To see some of the new benefit options, see the Product Comparison: FLTCIP 1.0 vs. FLTCIP 2.0 FAQs. [ Back to Claims during the Special Decision Period FAQs ]
The letter you receive will contain the deadline for making changes, and the date the increase in your premiums (if any) will take effect. Your benefits will not change unless you choose to make changes. [ Back to Claims during the Special Decision Period FAQs ]
You will not need to undergo underwriting (i.e., answer questions about your health) to keep or reduce your current benefits. You will also have a one-time opportunity to move to new benefit options without underwriting. However, if you wish to increase the overall value of your benefits, underwriting may be required. [ Back to Claims during the Special Decision Period FAQs ]
It depends. Any days credited toward your waiting period in FLTCIP 1.0 will be transferred to FLTCIP 2.0. If the number of days transferred is 90, then you would immediately meet the waiting period on FLTCIP 2.0. If the number of days transferred is less than 90, you would still need to meet the remainder of the calendar 90 days on FLTCIP 2.0. [ Back to Claims during the Special Decision Period FAQs ] |
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