Enrolled in federal long-term care insurance? You probably have to make an important decision before November 9th. In this special episode, Dan and Ed are digesting the most recent premium increase for FLTCIP policies.
Dan and Ed go over what’s going on with Long-Term Care Insurance industry and how it affects the federal program administered by John Hancock.
Featured in this episode:
- Paying FLTCIP premiums
- Common misconceptions
- The cost of nursing home benefits
- 3 factors that determine a premium increase
- Benefit periods and Inflation
- An average premium increase of 83%
- What enrollees have to do
- What is a paid-up policy?
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