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 Program is guaranteed renewable.
Additionally, your coverage under the Federal
Program 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.
[ Back to LTCI Basics ]
|
Home
Who's Eligible?
My Account
