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Program Cost & Payment Options

Determining the Cost of Your Plan

The Federal Program calculates the initial cost of your plan, known as premium, based on your age on the date we receive your application and the benefit options you select. Your premiums do not change because you get older or your health changes after your coverage becomes effective. 

We have created an online rate quote calculator to help you determine your premium:

• Rate Quote Calculator: You can either calculate premiums for our most popular pre-packaged plans or customize your plan.

If you are considering one of our pre-packaged plans, you can also view the premium for your age using one of our bi-weekly or monthly premium charts.
 

Options for Paying Premiums

The Federal Program offers three convenient options for paying your long term care insurance premiums:

• Payroll or Annuity/Pension Deduction - Premiums are deducted automatically from your pay or annuity/pension (or the pay or annuity/pension of the person you specified on your application). Your premium deductions start on the first day of the first pay or annuity period that begins on or after your effective date of coverage. (This service is available to most employees and annuitants, and members and retired members of the uniformed services.)
  
  You will need to know your Payroll Office Identifier number for this option.
   
• Automatic Bank Withdrawal - Premiums are deducted automatically from the checking or savings account you specify. This deduction occurs on the third business day of every month.
   
• Direct Bill - You receive a monthly bill at your designated mailing address the month before your premium is due. You may designate an alternate billing address.

Premiums must be paid in U.S. currency. We must receive your premium payment by the 30th day after the date it is due in order to continue coverage.
 

Changing Your Billing Method

You can change your method of payment at any time and for any reason by submitting a Billing Change Form.

Call: 1-800-LTC-FEDS (1-800-582-3337) (TTY: 1-800-843-3557)

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