If you are not already participating in the Federal Long-Term Care Insurance Program (FLTCIP), any plans you may have had to apply for coverage are likely to be delayed. The Office of Personnel Management (OPM) has announced it is suspending applications for coverage under this program. According to OPM, the rationale for the suspension is to allow OPM and the FLTCIP carrier, John Hancock Life & Health Insurance Company, more time to assess benefits and premium rates that “reasonably and equitably reflect the cost of the benefits provided, as required under 5 U.S.C. 9003(b)(2).”
