If you are eligible for Federal Long Term Care Insurance, as most federal employees and retirees are, you can enroll either before or after retirement and be eligible for the same benefit choices. However, there are several considerations to bear in mind when deciding whether to buy sooner or later. These include:
- Premiums are based on your age at enrollment; therefore the longer you wait, the higher they will be, no matter what benefit options you choose.
- Those who take out the coverage and then separate without eligibility for an immediate annuity can continue their coverage