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Home | Articles | Congressman Seeks Hearing on Federal Long Term Care Insurance Premium Hike

Congressman Seeks Hearing on Federal Long Term Care Insurance Premium Hike
November 18, 2009
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Congressman Gerry Connolly (D-VA) wants to know why federal employees who enrolled in the Federal Long-Term Care Insurance Program (FLTCIP) were led to believe they would be protected from future premium increases if they enrolled in the automatic compound inflation (ACI) option, but now they are facing increases of 5 to 25 percent because OPM said inaccurate actuarial assumptions were made.

Congressman Connolly wrote a letter to House Oversight and Government Reform Federal Workforce Subcommittee Chairman Stephen Lynch requesting that the subcommittee hold a hearing to investigate ways to better protect the interests of federal employees who have been misled, either by OPM or by the John Hancock Insurance Co., about the premiums for their Federal Long Term Care Insurance.  Connolly is a member of the subcommittee.

Connolly said that more than 144,000 federal employees enrolled in the ACI option could face premium increases of 5 to 25 percent because of the inaccurate actuarial assumptions and he wants to find out what happened and make sure it doesn't happen again.

Connolly said on November 13 that the long-term care program has received another black eye.  It was reported that the insurance company that runs the plan for federal employees and retirees sent out erroneous letters on the plan's premiums and benefits to tens of thousands of participants.



·  Long-Term Care Insurance Provider Sends Wrong Premium Rate Information to Thousands of FLTCIP Enrollees








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