“Boston-based John Hancock Insurance recently increased premiums for most of the federal workers in the Federal Long Term Care Insurance Program by an average of 83 percent. Federal employees asked Congress to organize a hearing on the rate hike. Democrats took up the cause. Rep. Mark Meadows, R-N.C., the chairman of the Government Operations Subcommittee, part of the House Oversight and Government Affairs Committee, scheduled a hearing on the matter for Nov. 30. … Here’s a look at some of the highlights from the hearing, drawn from a video of the hearing posted on the committee website:”
LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):
Read this article for details. Here’s the link if you wish to watch the video of the hearing: https://oversight.house.gov/hearing/federal-long-term-care-insurance-program-examining-premium-increases/.