Uniformed Services Members: Protect Your Family With The Federal Long Term Care Insurance Program
North American Precis Syndicate
Chances are, you or someone you care about will someday need long term care. (NAPS)
(NAPSI)—The prospect of needing long term care may be far from your mind
today, but be aware, circumstances can change. A long term care event can
happen at any age, and the potential financial and emotional strain that
comes with it can affect you and your loved ones.
Millions of Americans require long term care during their lifetimes*. This
includes needing either cognitive or physical assistance with simple tasks
such as bathing, eating and dressing—trivial things most people do
every day without a second thought. Unfortunately, traditional health
insurance plans—including TRICARE For Life—do not pay for the
chronic, ongoing assistance with daily living that is most often associated
with long term care.
In fact, the long term care benefits offered through the Department of
Veterans Affairs (VA) are tied to specific triggers, including
service-connected disability, available funding and even your ability to
contribute to the cost of care. Long term care can be expensive and service
members often rely on the VA to cover the associated costs. Depending on your
eligibility status in the VA program, the level of coverage available to you
may not be enough. For this reason, you may want to research stand-alone long
term care insurance such as a plan offered through the Federal Long Term Care
Insurance Program (FLTCIP).
Since its launch in 2002, the FLTCIP has offered active and retired
members of the uniformed services the opportunity to help take control of
their future long term care needs. Designed to provide solutions for a range
of financial situations, this employer-sponsored program provides
comprehensive coverage for more than 270,000 enrollees.
Many members of the federal family are eligible to apply for coverage
under the FLTCIP, including active and retired members of the uniformed
services. Certain qualified relatives are also eligible to apply even if you
do not. Qualified relatives include your spouse, domestic partner, parents
and parents-in-law, and adult children.
Coverage under the FLTCIP
The FLTCIP can lessen or even eliminate an individual’s reliance on
a loved one to provide hands-on care. Consider these important benefits:
• The FLTCIP offers coverage in a variety of settings—at home
or in a facility, such as an assisted living facility, an adult daycare, or a
nursing center—and your choice of caregiver.
• If home care is your preference, the stay-at-home benefit includes
a range of services that support care in your home, helping you maintain your
quality of life in familiar surroundings.
• Informal care provided by friends and family members, as long as they
do not live in your home at the time you become eligible for benefits.
Benefits for care provided by family members are limited to 500 days.
• The program’s care coordination services offer enrollees and
their qualified relatives information about long term care resources, such as
local care providers and relevant community programs, as well as valuable
support to your family and friends.
Talk candidly with your family members and tell them about the FLTCIP.
Starting the conversation prior to needing care can help you prepare for the
unexpected. Visit LTCFEDS.com/militaryfamily
to learn more about the benefits of applying for the FLTCIP.
For personalized assistance, call (800) LTC-FEDS (800) 582-3337/TTY (800)
843-3557 to speak with a program consultant. He or she will answer any
questions you may have and can walk you step by step through the plan design
and application process.
You should also know that certain medical conditions, or combinations of conditions,
will prevent some people from being approved for coverage. You need to apply
to find out if you qualify for coverage.
More about the FLTCIP
Established by an act of Congress in 2000 and overseen by the U.S. Office
of Personnel Management (OPM), the FLTCIP is designed to meet the specific
needs of the federal family. The long term care insurance under the FLTCIP
provides industry-leading benefits and offers flexible options that allow
enrollees to tailor coverage to meet their needs.
The FLTCIP is sponsored by the U.S. Office of Personnel Management,
insured by John Hancock Life & Health Insurance Company, and administered
by Long Term Care Partners, LLC.
for Disease Control and Prevention. “Long-Term Care Services in the
United States,” www.cdc.gov/nchs/data/nsltcp/long_term_care_services_2013.pdf
(accessed September 2017).
“Chances are, you or someone you
know will someday need long term care. For veterans and others in the federal
family, the Federal Long Term Care
Insurance Program (FLTCIP) can help pay for it. http://bit.ly/2XIwbK7”
On the Net:North American Precis Syndicate, Inc.(NAPSI)