Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Life Health > Health Insurance > Health Insurance

Despite a rate hike, nearly half of federal employees kept their LTCI.

X
Your article was successfully shared with the contacts you provided.

Despite a rate hike, nearly half of federal employees kept their LTCI.

46% of enrollees in a federal LTCI program opted to keep their policies following a premium hike.

1.6% of enrollees in the federal LTCI program dropped their coverage after being told of the rate increase.

23% of enrollees saw their premiums decrease by up to 5 percent.

As of June, the Federal Long-Term Care Insurance Program (FLTCIP) had 268,200 enrollees.

Source: U.S. Government Accountability Office (GAO)


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.