Federal Pay vs. Inflation 2025: Are Government Salaries Keeping Up?
FLTCIP/Long-term Care
The Federal Long Term Care Insurance Program (FLTCIP) is an optional benefit designed to help federal employees, retirees, and their family members plan ahead for the high cost of long-term care. Unlike traditional health insurance or Medicare, long-term care insurance helps cover services like in-home care, assisted living, adult day care, and nursing home care—things most health plans don’t cover.
Offered through the U.S. Office of Personnel Management and currently administered by John Hancock Life & Health Insurance Company , FLTCIP provides customizable coverage options. But premiums can be steep, and past rate hikes have left many federal employees questioning whether the coverage is worth it.
Currently, the FLTCIP is indefinitely frozen to new applicants. Should you plan to enroll in FLTCIP if/when enrollment unfreezes, or should you explore other options? And if you already have FLTCIP coverage, should you keep it?
Whether you’re approaching retirement or still years away, understanding your long-term care options is a critical part of a complete retirement plan. The FLTCIP isn’t the only choice—and it may not be the best fit for your needs, goals, or budget.
Need help deciding what role long term care insurance should play in your federal retirement plan? Attend our next webinar on the topic, explore the FLTCIP-specific resources below, or schedule a one-on-one conversation with our team.
Disclosures
The information has been obtained from sources considered reliable but we do not guarantee that the foregoing material is accurate or complete. Any opinions are those of Serving Those Who Serve writers and not necessarily those of RJFS or Raymond James. Expressions of opinion are as of this date and are subject to change without notice. Every investor’s situation is unique and you should consider your investment goals, risk tolerance and time horizon before making any investment. This information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. Past performance does not guarantee future results. Investing involves risk and you may incur a profit or loss regardless of strategy selected, including diversification and asset allocation. Be sure to contact a qualified professional regarding your situation before making any investment or withdrawal decision. Raymond James and its advisors do not offer tax or legal advice. You should discuss any tax or legal matters with the appropriate professional.
The FedLife Podcast is your in-depth, biweekly deep dive into the world of federal benefits and retirement planning. Hosted by federal benefits expert Ed Zurndorfer and Dan Sipe of Serving Those Who Serve, each 30-minute episode unpacks the complexities of FERS and CSRS retirement, FEHB and Medicare, survivor benefits, tax planning, and more. Designed for federal employees and retirees who want more than just the basics, FedLife goes beyond the headlines to explore the rules, nuances, and strategies that can make a meaningful difference in your retirement. Remember: it’s your Fed life, make it a great one.
The Fed15 Podcast is your weekly 15(ish)-minute briefing on federal benefits and financial planning, built specifically for federal employees and retirees. Hosted by Dan Sipe and Katelyn Murray of Serving Those Who Serve, each episode delivers clear, actionable guidance on topics like FERS and CSRS retirement, TSP strategies, FEHB, survivor benefits, tax planning, and more! Whether you’re five years from retirement or already there, The Fed15 helps you cut through the noise, avoid costly mistakes, and make confident decisions about your federal benefits.
