Benefits Watch
The Office of Personnel Management announced late on Friday afternoon that they've awarded a 7-year contract to John Hancock Life and Health Insurance Company to provide long-term care insurance. Long Term Care Partners will still manage the program, so I wouldn't expect major changes, but we'll have more details later.
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ABOUT THIS BLOG
Government Executive Staff Correspondent Alyssa Rosenberg takes a look at news affecting the management and operations of the massive federal bureaucracy.
Health Care Reform is what should be on everyone's mind. Inside the Health Reform Act is someting called Class Act. This covers $50.00 of home care if you need long term care. You have to pay into this program for five years for it to go effective. The premiums are $100+ per month. Long term care is costing $75,000 per year so $50 per day is not that great. Long term care insurance is still the safest option, but it is not for everyone.
Burton Haynes Posted Saturday, November 28, 2009 4:45 PM