March 16, 2023
The U.S. Office of Personnel Management (OPM) has paused all new applications for the Federal Long Term Care Insurance Program.
Unenrolled individuals cannot apply for the program.
The suspension period, which will run for 24 months from Dec. 19, 2022, is designed to give OPM and the John Hancock Life and Health Insurance Co., the program’s carrier, “time to thoroughly assess benefit offerings and establish sustainable premium rates that reasonably and equitably reflect the cost of the benefits provided,” according to the suspension notice on the program’s website.
Current enrollees’ coverage will not change as long as they continue to pay their premiums. However, current enrollees may not increase coverage.
Those who applied for the program before the cutoff date will have their application considered and, if approved, will receive all relevant information.
For those in claims status, there is no change to coverage or claims reimbursement as long as benefits have not been exhausted.