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FedLife Podcast: Federal Long-Term Care Insurance Program Premium Increase

10/12/2023

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.


LONG TERM CARE WEBINAR

FedLife Podcast, Special Episode: Decision Time for Federal LTC Insurance Enrollees

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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“Securities offered through Raymond James Financial Services, Inc., member FINRA/SIPC.  Investment advisory services offered through Raymond James Financial Services Advisors, Inc. Lee, Sipe & Associates, Inc. is not a registered broker/dealer and is independent of Raymond James.  Content represents the opinions of the speaker and not necessarily those of Raymond James.  Important Disclosure Information:  https://raymondjames.com/smicd.htm 

Long-Term Care insurance premium increase ; image: older man with nurse

Podcast: FLTCIP Premium Increase

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