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LTC and LTCI Basics Long Term Care Insurance Basics

Do I Continue to Pay Premiums While Receiving Benefits?

A waiver of premium feature allows you to stop paying your premiums once you are eligible for benefits and have satisfied the Waiting Period.

Some plans waive premiums for nursing home care but not for home care; others waive premiums in both instances. You will normally resume paying your premiums if you recover and benefits stop.

With the Federal Program, you do not have to pay premiums starting the first day of the month after you complete your Waiting Period and you are eligible for benefits.

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The Federal Long Term Care Insurance Program is
sponsored by the U.S. Office of Personnel Management,
offered by John Hancock Life & Health Insurance Company, Boston, MA 02117,
and administered by Long Term Care Partners, LLC