Pre-Packaged Long-Term Care Options for Federal Employees

Long-term care is the kind of care that you would need to help you perform daily activities if you had a chronic illness or disability. It also includes the kind of care you would need if you had a severe cognitive problem like Alzheimer’s disease. It is help with eating, bathing and dressing, transferring from a bed to a chair, toileting, continence, and so forth. Long-term care can also include assistance with such tasks as shopping, transportation, housecleaning, or preparing meals. This type of care isn’t received in a hospital and isn’t intended to cure you. It is not acute care. It is chronic care that you might need for the rest of your life. It can be received in your own home, at a nursing home, or in another Long-Term care facility. Long-Term care insurance is insurance that helps you pay for Long-Term care services, such as home care or care in a nursing home or assisted living facility.

The Federal Employee Program offers the following pre-packaged plans:

  • •  Plan A
  • •  Plan B
  • •  Plan C
  • •  Plan D

 

Plan A

Consider this plan if you want protection but are looking for a lower-cost option, if you will be living in an area where long term care costs are low, or if you plan to pay out of pocket for some of the costs of long term care in the future, if needed.

  • •  Daily Benefit Amount: $150
  • •  Benefit Period: 2 years
  • •  Maximum Lifetime Benefit: $109,500
  • •  Waiting Period: 90 calendar days
  • •  Inflation Protection: 4% Automatic Compound Inflation Option, 5% Automatic Compound Inflation Option or Future Purchase Option

 

Plan B

Consider this plan if you want protection for at least three years, which corresponds to the average length of stay in a nursing home, or if you will be living in an area where long term care costs are low.

  • •  Daily Benefit Amount: $150
  • •  Benefit Period: 3 years
  • •  Maximum Lifetime Benefit: $164,250
  • •  Waiting Period: 90 calendar days
  • •  Inflation Protection: 4% Automatic Compound Inflation Option, 5% Automatic Compound Inflation Option or Future Purchase Option

 

Plan C

Consider this plan if you want protection for at least three years, which corresponds to the average length of stay in a nursing home, or if you will be living in an area where long term care costs are around the national average.

  • •  Daily Benefit Amount: $200
  • •  Benefit Period: 3 years
  • •  Maximum Lifetime Benefit: $219,000
  • •  Waiting Period: 90 calendar days
  • •  Inflation Protection: 4% Automatic Compound Inflation Option, 5% Automatic Compound Inflation Option or Future Purchase Option

 

Plan D

Consider this plan if you will be living in an area where long term care costs are around the national average but you want protection for a longer period of time.

  • •  Daily Benefit Amount: $200
  • •  Benefit Period: 5 years
  • •  Maximum Lifetime Benefit: $365,000
  • •  Waiting Period: 90 calendar days
  • •  Inflation Protection: 4% Automatic Compound Inflation Option, 5% Automatic Compound Inflation Option or Future Purchase Option
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