“OPM Expects to ‘Revise’ FLTCIP Premiums, Could Temporarily Bar New Enrollments”

“OPM Expects to ‘Revise’ FLTCIP Premiums, Could Temporarily Bar New Enrollments,” FedWeek 

 

Quote:

“OPM has said that it ‘has determined that there is a strong likelihood’ that Federal Long-Term Care Insurance Program premium rates will need to be ‘revised’ — which history suggests will mean ‘raised.’”

 

LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform:

Setting premiums so future benefits can be paid is a moving target, except for government, which simply borrows, prints, taxes, inflates or defaults when entitlement trust funds run out.