Long Term Care Insurance Boston

The Long Term Care Security Act authorizes OPM to offer a Long Term Care Insurance Boston designed exclusively for members of the Federal Family. OPM regulates the Federal Long Term Care Insurance Program (FLTCIP) and plays an important role in ensuring that the FLTCIP remains up-to-date and competitive – a valuable benefit not found in other long term care insurance programs.

Who is Eligible to Apply for this Insurance?
Several groups are eligible to apply for coverage under the FLTCIP. This includes Federal employees and annuitants. including members and retired members of the uniformed services, as well as qualified relatives.

Features and Services:

Home, assisted living and nursing care:
You can choose your care setting, whether at home, in an assisted living facility, in a nursing home, or in a variety of other settings. Additionally, the FLTCIP Long Term Care Insurance Washington covers care provided in the home by friends, family members, and other unlicensed caregivers.

Stay-at-home benefit:
The LTCIP Long Term Care Insurance Washington offers a stay-at-home benefit which can pay benefits for numerous options that support care in a home environment such as care planning visits, home modifications, an emergency medical response system, durable medical equipment, caregiver training, and home safety checks.

Portable coverage: Once you have coverage, it is portable. You can keep it as long as you continue to pay the required premiums and have not exhausted your maximum lifetime benefit. Even if you are no longer a member of an eligible group (for example, if you leave government employment).

Guaranteed renewable: Your insurance coverage is guaranteed renewable. It can never be canceled by the insurance carrier as long as you pay your premiums. It cannot be canceled due to your age or a change in your health.

Long Term Care Insurance BostonFLTCIP Long Term Care Insurance Boston Pre-Packaged Plans: Plan A, B, C, D

Plan A:

Consider this plan if you want protection but are looking for a lower-cost option, if you will be living in an area where long term care costs are low, or if you plan to pay out of pocket for some of the costs of long term care in the future, if needed:

  • Daily Benefit Amount: $150
  • Benefit period: two years
  • Maximum Lifetime Benefit: $109,500
  • Waiting period: 90 calendar days
  • Inflation period: 4% Automatic Compound Inflation Option, 5% Automatic Compound
  • Inflation Option or Future Purchase Option

Plan B:

Consider this plan if you want protection for at least three years, which corresponds to the average length of stay in a nursing home, or if you will be living in an area where long term care costs are low.

  • Daily Benefit Amount: $150
  • Benefit period: three years
  • Maximum Lifetime Benefit: $164,250
  • Waiting period: 90 calendar days
  • Inflation protection: 4% Automatic Compound Inflation Option, 5% Automatic Compound Inflation Option or Future Purchase Option

Plan C:

Consider this plan if you want protection for at least three years. Which corresponds to the average length of stay in a nursing home. Or if you will be living in an area where long term care costs are around the national average.

  • Daily Benefit Amount: $200
  • Benefit period: three years
  • Maximum Lifetime Benefit: $219,000
  • Waiting period: 90 calendar days
  • Inflation protection: 4% Automatic Compound Inflation Option, 5% Automatic Compound Inflation Option or Future Purchase Option

Plan D:

Consider this plan if you will be living in an area. Where long term care costs are around the national average but you want protection for a longer period of time.

  • Daily Benefit Amount: $1200
  • Benefit period: five years
  • Maximum Lifetime Benefit: $365,000
  • Waiting period: 90 calendar days
  • Inflation protection: 4% Automatic Compound Inflation Option, 5% Automatic
  • Compound Inflation Option or Future Purchase Option

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