FLTCIP Enrollment Period Expected in Fall

Changes in offerings in the FLTCIP long-term care insurance program under a newly issued contract likely will be available this fall, with new premium rates for some enrollees probably effective at the start of calendar year 2010, according to OPM. Once the new benefit options are available the current benefit structure will not be available to new enrollees—eligible persons still can enroll under the current terms of the program until that time–and existing enrollees will be given a chance during an open season to make changes to their coverage if they wish. Current enrollees will be sent information describing their choices that will include: remaining with current benefits, subject to premium increases in some cases; making changes in benefits that would allow them to keep premiums about the same, although at a reduced benefit level such as choosing a shorter benefit period; or choosing new benefit options without having to undergo underwriting. An announcement regarding exact dates is to come later. Enrollees also could choose to cancel their coverage, although they would not receive a refund for premiums already paid in if they did so.