Beyer-Connolly Press OPM for Details on Sudden Long Term Care Premium Increases
Representatives
Under a new contract for the FLTCIP, the incumbent provider
"For those on a fixed or limited income, such an increase is simply unaffordable," Beyer and Connolly wrote in the letter.
The Members noted that the last time the FLTCIP contract was renewed with
In addition, Connolly and Beyer questioned the period of time with which FLTCIP participants have to elect any changes in their coverage if they want to reduce their premiums and/or insurance coverage. They note the "
The full text of the letter can be read below and here http://connolly.house.gov/uploads/Beyer%20Connolly%20Letter%20to%20OPM%20FLTCIP%20Increase.pdf:
Acting Director
Dear Acting Director Cobert:
As representatives of the
For those on a fixed or limited income, such an increase is simply unaffordable. By comparison, the last time OPM awarded the seven-year contract to
Moreover, the Enrollee Decision Period of
We respectfully request your response to the following questions:
1. What accounts for the significant increase in premiums and how is that being calculated?
2. What outreach or support is being offered to enrollees beyond mailing letters?
3. Please identify ways you are working with enrollees to make these price spikes more affordable. For example, is OPM or John Hancock considering graduated premiums without a dramatic decrease in coverage?
4. Are annual benchmarks incorporated to ensure that the actuarial projected value matches the actual value? If not, why?
We look forward to your response. It is of grave concern and urgency to our constituents to have answers before the decision period ends.
Sincerely,
Read this original document at: https://connolly.house.gov/news/beyerconnolly-press-opm-for-details-on-sudden-long-term-care-premium-increases/
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