Federal HR managers say about 73 percent of International Trade Commission employees have flexible spending accounts. (Image: Thinkstock)

Federal Long Term Care Insurance Program enrollees are facing a big rate increase this year, but the Office of Personnel Management is still doing what it can to get federal workers to insure themselves against long-term care risk.

Related: Federal workers seek long-term care insurance rate hearing

Officials at the OPM, the human resources department for the federal government, start a discussion about the voluntary, employee-paid long-term care insurance benefits program about halfway through a 39-minute enrollment video they prepared for the coming 2017 Federal Benefits Open Season.

The 2017 open season, or open enrollment period, for federal health dental and vision benefits runs from Nov. 14 through Dec. 12.

The window of opportunity for current federal LTCI program enrollees to decide what to do about the program’s wave of premium increases ended  Friday.

Sellers of individual insurance products can use the OPM video, which is an edited version of a video OPM has used in the past, to see what holes federal employees might have in their employer-sponsored coverage.

Benefits advisors can use the video to see what kinds of benefits federal employees are getting and hunt for ideas for their own videos.

An OPM narrator starts by talking on about the multi-plan group health program, which served as an inspiration for the Medicare Advantage program and Affordable Care Act public exchange system.

The narrator moves from there to talk about federal dental and vision benefits, and then to discuss group life benefits.

A talk about the long-term care benefits program comes next, before an introduction to the flexible spending account program.

The narrator does not talk about the long-term care insurance premium increase that’s set to take effect this fall. The narrator is careful to note that premiums could increase in the future.

During the presentation on the flexible spending account program, FSA Feds, the narrator gives some statistics on flexible spending account takeup rates at selected federal agencies.

Employees of the International Trade Commission are major flexible spending account users. About 73 percent of them have flexible spending accounts, according to the presentation.

The list of agencies with high flexible spending account take-up rates also includes the Retirement Thrift Investment Board, the Securities and Exchange Commission, the Commodity Futures Trading Commission and the Overseas Private Investment Corp.

“Look at these agencies,” the narrator says. “These are financial, trade and investment agencies that employ accountants, tax lawyers and number crunchers. These employees know money, and these employees are enrolled in FSA Feds.”

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