Will I Always Be Able to Keep My Coverage?
Tax-qualified long term care insurance plans are required to be guaranteed renewable. That means your coverage can't be canceled as long as you pay your premiums. Coverage under the Federal Long Term Care Insurance Program (FLTCIP) is guaranteed renewable.
Additionally, your coverage under the FLTCIP is portable. This means that once your coverage is effective, even if you are no longer a member of an eligible group, you can keep your coverage as long as you continue to pay your premiums and have not used up your Maximum Lifetime Benefit. For example, if you leave the Government, you get to keep the insurance at the same premiums as if you never left the eligible group as long as you continue paying the premiums.
Your benefits and premiums will not change because you leave an eligible group.