“The Next Generation of Long Term Care Insurance”

The Next Generation of Long Term Care Insurance,” by Tammy Flanagan, Government Executive

“Are you one of the many people who have thought about long term care insurance, but haven’t figured out if it’s worth the risk of rising costs in the future and the possibility that you might not use the benefits you paid for? If so, you’re not alone. … Now, there’s a new version of FLTCIP [Federal Long Term Care Insurance Program], known as FLTCIP 3.0, that provides a premium stabilization feature. That’s an adjustable amount computed as a percentage of the total premium paid for the policy that’s designed to reduce the potential need for future premium increases. … More details about the premium stabilization feature can be found on the FLTCIP website.”

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

The new FLTCIP plan is getting a lot of publicity.