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New Federal Long Term Care
Old 12-12-2009, 12:14 PM   #1
Confused about dryer sheets
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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.

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Old 12-12-2009, 01:00 PM   #2
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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)
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Old 12-16-2009, 07:52 AM   #3
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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
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