Join Early Retirement Today
Thread Tools Search this Thread Display Modes
New Federal Long Term Care
Old 12-12-2009, 12:14 PM   #1
Confused about dryer sheets
Join Date: Dec 2009
Posts: 1
New Federal Long Term Care

I and all the other federal employees who got the seven year premium increase must now choose between the old and the new plan. What are the main differences, and which one is better? I am mainly worried about Alzheimer's care, if it makes a difference. Thanks in advance for any help.

oldguyER is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 12-12-2009, 01:00 PM   #2
ziggy29's Avatar
Join Date: Oct 2005
Location: North Oregon Coast
Posts: 15,956
I'm not a fed, but when it comes to something like changes to retirement benefits, I find it hard to believe that the new deal is likely to be better than the old one. The trend in retirement benefits is decidedly NOT in the direction of becoming more generous.

"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
ziggy29 is offline   Reply With Quote
Old 12-16-2009, 07:52 AM   #3
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
donheff's Avatar
Join Date: Feb 2006
Location: Washington, DC
Posts: 9,281
I switched to the new one. It has better provisions for paying relatives that help in the home and costs less than the old version. The auto-inflation provision is less than the old which is why the cost is less. A couple of articles in Federal Times recommended that most people switch.
Every man is, or hopes to be, an Idler. -- Samuel Johnson
donheff is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Federal Long Term Care Insurance Premium Increases Purron Health and Early Retirement 77 11-24-2009 07:17 PM
Long-Term Care - Part of Health Care Reform Bill chinaco Health and Early Retirement 3 07-19-2009 02:53 PM
long term care insurance gerrym51 Health and Early Retirement 3 05-18-2008 02:23 AM
Long Term Health Care oliverdickens Health and Early Retirement 51 03-18-2007 03:21 PM
Long Term Care for Canadians Hyperborea FIRE and Money 17 01-21-2005 03:20 AM

» Quick Links

All times are GMT -6. The time now is 05:06 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2019, vBulletin Solutions, Inc.