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September 21, 2011 at 08:00 PM
About 98% of the federal employees and dependents who signed up for the Federal Long Term Care Insurance Program coverage last year will be keeping their coverage this year.
The high persistency rate helped the voluntary long term care (LTC) insurance program increased enrollment 20%, to 270,000, according to officials at the U.S. Office of Personnel Management (OPM).
The program is the largest employer-sponsored LTC insurance plan in the United States, OPM officials say.
Premiums increased, but the program is offering a package of new benefits, such as expanded home health care benefits, sought by current enrollees, officials say.
